DVAX - Why Shares of Dynavax Technologies Ocugen and Valneva Are on the Move Today
Shares of the COVID-19 vaccine developers Dynavax Technologies (NASDAQ: DVAX) , Ocugen (NASDAQ: OCGN) , and Valneva (NASDAQ: VALN) are all making moves today. As of 1:32 p.m. EDT, Dynavax's stock was up 2%, Ocugen's stock was down 3.2%, and Valneva's shares soared 32% higher.
What's driving these moves? The French biopharma Valneva announced this morning that late-stage trial results for its COVID-19 vaccine, VLA2001, produced a stronger overall immune response, with fewer side effects, when compared to AstraZeneca 's shot. These results, in turn, are expected to form the basis for regulatory filings for Valneva's vaccine candidate in both the United Kingdom and the European Union.
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Why Shares of Dynavax Technologies, Ocugen, and Valneva Are on the Move Today