Dynavax Activist Investor Deep Track Capital Sends Letter to Company Board, Urging Director, Strategy Changes

MT Newswires Live

03/10

Dynavax Technologies' (DVAX) shareholder Deep Track Capital has sent a public letter to the company's board regarding the activist investor's four director nominations at the company's upcoming shareholder meeting, Deep Track said Monday.

Deep Track said in the letter that it has received support from a number of "significant" Dynavax holders on its recommended course of action for the biopharmaceutical company, but was disappointed that the board appeared "uninterested in reaching a constructive resolution" with the investment firm.

Dynavax did not immediately respond to a request for comment from MT Newswires.

Price: 14.45, Change: +0.05, Percent Change: +0.35

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