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

h, or an alternative for,

generally accepted accounting principles and may be different from

pro forma measures used by other companies.

DYNAVAX TECHNOLOGIES CORPORATION RECONCILIATION OF GAAP OPERATING EXPENSES TO PRO FORMA OPERATING EXPENSES

(In thousands)

(Unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

2007 2006 2007 2006

GAAP operating expenses $20,189 $17,688 $61,873 $45,401

LESS:

Licensing fee - - 5,000 -

Stock-based compensation expense 984 970 2,481 2,366

Acquired in-process research and

development - - - 4,180

Amortization of intangible assets 251 251 754 447

Pro forma operating expenses (2) $18,954 $16,467 $53,638 $38,408

(2) These pro forma amounts are intended to illustrate the Company's

operating expenses excluding certain one-time and non-cash charges in

accordance with the financials that management uses to evaluate the

Company's operations. These pro forma results are not in accordance

with, or an alternative for, generally accepted accounting principles

and may be different from pro forma measures used by other companies.

DYNAVAX TECHNOLOGIES CORPORATION

SELECTED BALANCE SHEET DATA

(In thousands)

September 30, December 31,

2007 2006

Assets
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SOURCE Dynavax Technologies Corporation
Copyright©2007 PR Newswire.
All rights reserved

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