Replies to post #131227 on Biotech Values

[DewDiligence]

DVAX/AZN advance TLR9 agonist into “pre-IND” study:

http://finance.yahoo.com/news/Dynavax-AstraZeneca-Agree-iw-3251950745.html?x=0

Dynavax Technologies Corporation (DVAX) and AstraZeneca announced today their decision to advance AZD1419, a proprietary second-generation TLR-9 agonist for asthma, into IND-enabling preclinical toxicology studies. These toxicology studies are scheduled to be the first module of work performed by Dynavax under the recently amended collaboration agreement for the clinical development of AZD1419. Development expenses will be fully funded by AstraZeneca, and Dynavax will receive payment of $2.6 million to begin the studies.