Stamford, CT (PRWEB) November 09, 2012
OTC Stock Picks is a premier penny stock newsletter focused on bringing investors the next great trading opportunity. The OTC Stock Picks team has been following top biotech Dynavax Technologies for the past several months.
Dynavax Technologies Corporation is a clinical-stage biopharmaceutical company which discovers and develops novel products to prevent and treat infectious and inflammatory diseases.
The Company’s lead product candidate is Heplisav, a Phase 3 investigational adult hepatitis B vaccine designed to provide higher and earlier protection with fewer doses than currently licensed vaccines.
The U.S. Food and Drug Administration (FDA) has set November 14-15, 2012, to discuss Heplisav’s approvability at the Vaccines and Related Biological Products Advisory Committee panel. The FDA has also established February 24, 2013, as the PDUFA date for Heplisav.
If approved, Heplisav would be the standard-of-care hepatitis B vaccine. It is important to note also, that Dynavax has worldwide commercial rights to Heplisav.
Shares of Dynavax peaked on October 15, 2012 at $ 5.06 per share and have since retreated to the 11/8/12 closing price of $ 4.01. With next weeks scheduled Advisory Committee panel meeting likely to tell the story for potential approval of Heplisav (and analysts predicting an 85% chance of approval), Dynavax shares could start to rally from these levels. Some analysts have a $ 6.00 price target for Dynavax near term.
There is always FDA risk in biotech plays, but OTC Stock Picks believes Dynavax could be a potential short term trade opportunity, or a potential long-term hold with future sales of Heplisav predicted at $ 350MM-$ 500MM.
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