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Dynavax Announces Third Quarter 2007 Financial Results and Updates 2007 Financial Outlook
Date:11/1/2007

nt - - - 4,180

Amortization of intangible

assets 251 251 754 447

Total operating expenses (1) 20,189 17,688 61,873 45,401

Loss from operations (19,175) (16,096) (57,075) (42,992)

Interest and other income, net 453 673 2,506 2,093

Loss including noncontrolling

interest in Symphony

Dynamo, Inc. (18,772) (15,423) (54,569) (40,899)

Amount attributed to

noncontrolling interest in

Symphony Dynamo, Inc. 1,621 3,271 6,674 5,302

Net loss $(17,101) $(12,152) $(47,895)$(35,597)

Basic and diluted net loss per

share $(0.43) $(0.40) $(1.21) $(1.17)

Shares used to compute basic and

diluted net loss per share 39,753 30,605 39,740 30,551

(1) Total operating expenses excluding non-cash stock-based compensation

charges were $19.2 million and $59.4 million for the three and nine

months ended September 30, 2007, respectively. Total operating

expenses excluding non-cash stock-based compensation charges were

$16.7 million and $43.0 million for the three and nine months ended

September 30, 2006, respectively.

(2) Research and development expenses included non-cash stock-based

compensation charges of $0.3 million and $0.8 million for the three

and nine months ended September 30, 2007, respectively. Research and

development expenses included non-cash stock-based compensation

charges of $0.2 million and $0.8 million for the three and nine

months ended September 30, 2006, respectively.

(3) General and administrative expenses included non-cash stock-based

compensation charges
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SOURCE Dynavax Technologies Corporation
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