Friday, October 21, 2011

Dynavax to get $3M in expanded deal with GSK

Dynavax Technologies Corp. added a new target to a research deal with giant GlaxoSmithKline PLC, and will get a $3 million milestone payment as a result.
Berkeley-based Dynavax (NASDAQ: DVAX) and GlaxoSmithKline (NYSE: GSK) added a new “toll-like receptor,” TLR8, to their agreement. They plan to study TLR8 and seek an inhibitor of it to treat autoimmune and inflammatory diseases.

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