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Stock impact report

Evaxion Announces Business Update and Full Year 2023 Financial Results

Evaxion Biotech A/S - American Depositary Share (EVAX) 
Company Research Source: GlobeNewswire
Precision vaccine project initiated with the ambition to obtain Preclinical Proof-of-Concept by H2 2024. The novel concept entails AI-identification of a new class of cancer vaccine targets, named endogenous retroviruses (ERVs), broadening the potential of cancer vaccines.Successful completion of initial phases of vaccine collaboration with MSD (tradename of Merck & Co., Inc., Rahway, NJ, USA). MSD revealed as pharma partner for the EVX-B3 bacterial vaccine development program.Closing of $5.3 million private placement on December 21, 2023, with participation of MSD Global Health Innovation Fund (MSD GHI), a corporate venture arm of Merck & Co., Inc., USA.Closing of $15 million Public Offering on February 5, 2024, with participation of MSD GHI. MSD GHI is now the single largest shareholder in Evaxion, with ownership of around 15%.Evaxion hosted an R&D Day on March 19, 2024. The event focused on Evaxion’s core AI-Immunology™ platform for vaccine target discovery, design and development. Show less Read more
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