Why Dynavax Technologies, Heat Biologics, and Inovio Pharmaceuticals Are Cratering Today – Motley Fool

What happened
Shares of the COVID-19 vaccine companies Dynavax Technologies(NASDAQ:DVAX), Heat Biologics(NASDAQ:HTBX), and Inovio Pharmaceuticals(NASDAQ:INO) all opened Tuesday’s trading session down by more than 10%. While company specifics vary, the central theme behind these downward moves appears to be the news that Russia approved the world’s first COVID-19 vaccine, dubbed Sputnik-V, today.
In response to this unexpected news, Heat Biologics’ shares are currently off by 11.8%, Dynavax’s s…

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