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Dynavax Tech no longer issuing $100M worth of debt

Dynavax Technologies Corp. is no longer issuing $100 million worth of debt to Deerfield Management Co. LP and its affiliates.

The company terminated the note purchase agreement entered earlier this year after making a $1.5 million prepayment fee.

The issue was dependent upon the closing of certain conditions and was required to be guaranteed by some of the company's assets.