Dynavax Technologies Corp – 08-07-2025

“The current presidential administration is pursuing policies to reduce regulations and expenditures across government including at HHS, FDA, CMS and related agencies. These actions, presently directed by executive orders or memoranda from the Office of Management and Budget, may propose policy changes that create additional
uncertainty for our business. These actions, for example, include
(1) directives to reduce agency workforce and cut programs; and
(2) directing HHS and other agencies to lower prescription drug and vaccine costs through a variety of initiatives, including by establishing Most-Favored-Nation pricing for pharmaceutical products.”

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