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The FDA Cancelled Dynavax's Hep-B Drug ADCOM Meeting

Dynavax Technologies Corporation NASDAQ:DVAX - The FDA Cancelled Dynavax's Hep-B Drug ADCOM Meeting

EDIT: This story originally stated the drug had been blocked by the FDA. The mistake has been corrected.

Shares of Dynavax Technologies Corporation DVAX 31.56% are selling off Friday afternoon after the FDA cancelled their upcoming ADCOM meeting for their Heplisav drug. ADCOM meetings advise on whether or not to approve a drug.

The meeting was cancelled to allow time to review several outsanding issues with the drug.

This was Dynavax's second attempt at approval for Heplisav, a Hepatitis B vaccine. They were originally rejected in November of 2012.

At time of writing, shares were down 33% to $10.60.

Benzinga Pro subscribers were alerted to the news first.

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