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-0.00251768373096761 -0.00491547776046042 0.0051312792231147 0.0457978659633137 0.0600407624985014 0.0552451744395155 -0.00491547776046042 -0.00251768373096761
Stock impact report

Evaxion out-licenses vaccine candidate EVX-B3 to MSD [Yahoo! Finance]

Evaxion Biotech A/S - American Depositary Share (EVAX) 
Company Research Source: Yahoo! Finance
MSD will assume full responsibility for the further development of EVX-B3 with Evaxion eligible for development, regulatory and sales milestone payments with a potential value of up to $592 million, as well as royalties on sales MSD retains an option for a second vaccine candidate, EVX-B2, for which the evaluation period is extended with a decision on potential licensing expected in the first half of 2026 Evaxion will host a conference call and webcast to discuss these events at 2.30pm CT/8.30am ET today COPENHAGEN, Denmark, September 25, 2025 - Evaxion A/S (NASDAQ: EVAX) (“Evaxion”), a clinical-stage TechBio company specializing in developing AI-Immunology™ powered vaccines, has out-licensed its vaccine candidate EVX-B3 to MSD (tradename of Merck & Co., Inc., Rahway, NJ, USA) as per the option and license agreement entered between the two companies in September 2024. Evaxion will receive a cash payment of $7.5 million and will be eligible for future development, regulatory a Show less Read more
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