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Why Dynavax Technologies Stock Is Soaring Today

TheMotleyFool

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Why Dynavax Technologies Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

Shares of Dynavax Technologies (NASDAQ: DVAX) are on the move after the company's vaccine adjuvant was featured in a positive clinical trial readout. Investors excited about the results have pushed the biotech stock 26.6% higher as of 12:02 p.m. EDT on Wednesday.

Today, Dynavax's collaboration partner, Clover Biopharmaceuticals, reported positive results from the pivotal Spectra trial with Clover's COVID-19 vaccine candidate, SCB-2019. This is a protein-based vaccine that employs a booster, or adjuvant, from Dynavax.

Image source: Getty Images.

Source Fool.com

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