Dynavax Picks New CEO

Berkeley, Calif.-based Dynavax Technologies (NASDAQ: DVAX  ) has a new chief executive officer.

On Tuesday, the vaccine manufacturer announced that current CEO Dr. Dino Dina will retire on May 1, and will be succeeded by Eddie Gray, who comes from GlaxoSmithKline, where the doctor had served as president of Pharmaceuticals, Europe, since 2008.

In related news, President Dr. Tyler Martin will be leaving the company shortly thereafter, on May 31. Both Dina and Martin are expected to continue working as "consultants" for unspecified periods following their official departures.

Financial terms of their consulting contracts and details on Dina's compensation plan, however, have not yet been disclosed.

Dynavax shares, which have suffered from a more than 53% drop in market cap over the past year, added to their losses in Tuesday trading, falling 2.1% to close at $2.35.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2398493, ~/Articles/ArticleHandler.aspx, 9/23/2014 4:33:32 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 17,055.87 -116.81 -0.68%
S&P 500 1,982.77 -11.52 -0.58%
NASD 4,508.69 -19.00 -0.42%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2014 3:59 PM
DVAX $1.41 Down -0.01 -0.70%
Dynavax Technologi… CAPS Rating: ***

Advertisement