SOURCE: The Bedford Report

The Bedford Report

July 26, 2011 08:16 ET

Dynavax and Vical Seek Blockbuster Status

The Bedford Report Provides Equity Research on Dynavax and Vical

NEW YORK, NY--(Marketwire - Jul 26, 2011) - There is plenty of optimism surrounding the biotechnology industry as firmer pricing and new products have improved sales and earnings trends. Meanwhile, younger, more speculative firms continue to garner significant attention with potential blockbuster products working their way through the regulatory process. The Bedford Report examines the outlook for companies in the Biotechnology Industry and provides investment research on Dynavax Technologies Corporation (NASDAQ: DVAX) and Vical, Inc. (NASDAQ: VICL). Access to the full company reports can be found at:

Citing agency officials, The Wall Street Journal reported this month that the Food and Drug Administration (FDA) has approved 20 new drugs so far this year -- just one short of the total for all of 2010. Some lawmakers in Washington have been arguing that the FDA's tougher safety stance has slowed down the pace of drug approvals and is hurting the pharmaceutical and biotech industry.

Janet Woodcock, the head of the FDA's drug division, defended the FDA's role, saying challenges being faced by the biotech and pharmaceutical industry are related to high failure rates of drugs in the development process rather than FDA regulations.

A study released by BIO and BioMedTracker claims that the success rate in bringing new medicines to market in the past six years is only about half of what it had been previously. The study claims, however, that biotech drugs are twice as likely to gain approval, compared to more traditional chemical drugs.

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Dynavax Technologies is a clinical-stage biopharmaceutical company that discovers and develops novel products to prevent and treat infectious and inflammatory diseases. The company's lead product candidate is "HEPLISAV," a Phase 3 investigational adult hepatitis B vaccine. Last week the company announced that its latest studies show HEPLISAV worked better than an older vaccine, GlaxoSmithKline's Engerix-B.

Vical researches and develops biopharmaceutical products based on its patented DNA delivery technologies for the prevention and treatment of serious or life-threatening diseases. Earlier this month the company said it has granted a global license to Japan's Astellas Pharma for its vaccine candidate TransVax.

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