Pharma BD Deal Intelligence

Sanofi SA / Dynavax Technologies

2025 · Acquisition/Merger · $2.2B · Complete

CALLED IT — OFF BY 21
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The coverage arc

Dec 24, 2025 MedCity News Bullish

Sanofi's Vaccine Lineup Gets a Shot in the Arm With $2.2B Dynavax Acquisition. William Blair analyst Matt Phipps noted the acquisition makes strategic sense,…

Jan 05, 2026 BioSpace Bullish

Big Pharma Dealmakers Joined by Spunky Group of Biotech Buyers in Q4. The roundup positions Sanofi's $2.2B Dynavax acquisition as one of the headline Q4…

Feb 10, 2026 Sanofi.com Neutral

Official Sanofi completion press release for the Dynavax acquisition, Feb 10, 2026.

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Sanofi acquired Dynavax Technologies in an all-cash tender offer of $15.50 per share (~$2.2B equity value; a 39% premium to the Dec 23, 2025 close), announced Dec 24, 2025 and completed Feb 10, 2026. The deal adds Dynavax’s marketed adult hepatitis B vaccine HEPLISAV-B — differentiated by a 2-dose, 1-month regimen — plus a Phase 1/2 shingles candidate (Z-1018) to Sanofi’s adult-immunization portfolio. Funded with available cash.

Key facts

Related deals — scored

DealYearValueOutcome
Sanofi SA / Dynavax Technologies (this deal)2025$2.2B67
Sanofi SA / Regeneron Pharmaceuticals, Inc.2007$1.0B97
Sanofi SA / Synthelabo S.A.1998$11.0B84
Sanofi SA / Genzyme Corporation2011$20.1B84
Sanofi SA / Amunix Pharmaceuticals Inc.2021$1.2B76
Sanofi SA / Genzyme Corporation2010$18.5B75
Sanofi SA / Translate Bio Inc.2018$805M73

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