Dynavax Technologies Corporation reported third quarter 2025 financial results, with HEPLISAV-B quarterly net product revenue at $90.0 million, a 13% year-over-year increase. The company reiterated its full year 2025 HEPLISAV-B net product revenue guidance of $315.0 to $325.0 million. Adjusted EBITDA for the full year 2025 is expected to be at least $80.0 million, up from previous guidance of at least $75.0 million. The Board of Directors authorized a new $100.0 million share repurchase program. Dynavax also announced an exclusive license agreement for Vaxart's oral COVID-19 vaccine program, including a $25.0 million upfront license fee, a $5.0 million equity investment, and potential future milestone and royalty payments. Positive topline Phase 1/2 shingles vaccine trial data was presented during the period.
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