Evaxion Biotech Opens New Office and Laboratories to Support Future Growth
Evaxion Biotech (Nasdaq: EVAX) has opened a new corporate headquarters and research facility in the DTU Science Park, Hoersholm, Denmark.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Evaxion Biotech (Nasdaq: EVAX) has opened a new corporate headquarters and research facility in the DTU Science Park, Hoersholm, Denmark. This facility consolidates its diverse operations from Denmark and Italy under one roof, designed to foster collaboration among bioinformaticians and clinical teams. The 60-employee-capacity site will support ongoing research and future expansions. CEO Lars Wegner highlighted that this move aims to enhance the development of AI-driven immunotherapies targeting cancer and infectious diseases, with current projects in various clinical stages.
Positive
- New headquarters consolidates operations, boosting productivity.
- Facility designed for research collaboration, enhancing AI-immunology development.
- Capacity for over 60 employees supports ongoing and future research.
Negative
- None.
Details
News Market Reaction – EVAX
The recorded move for EVAX in the trading session of this news was -4.68%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
COPENHAGEN, Denmark, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Evaxion Biotech A/S (Nasdaq: EVAX), a clinical-stage biotechnology company specializing in the development of AI-driven immunotherapies to improve the lives of patients with cancer and infectious diseases, announced today the opening of its new corporate headquarters and research laboratory facility located in the DTU Science Park in Hoersholm near Copenhagen, Denmark.
The new facility will unite Evaxion’s diverse research and corporate operations – currently located across Denmark and Italy – at a single site. The new laboratories are designed and built specifically for Evaxion.
Lars Wegner, CEO of Evaxion, said: “The opening of our new site will support Evaxion’s aim of becoming a world leader in AI-Immunology, by bringing our workforce together at a site with fully equipped experimental laboratories alongside flexible office space. With our bioinformaticians, preclinical, clinical and manufacturing working closely together in teams, we expect to be able to more effectively develop our AI-Immunology platforms, test our product candidates in preclinical studies and advance clinical development.”
Evaxion’s new main office and research facility can house more than 60 employees and can support all current research activities, as well as future expansion opportunities.
About Evaxion
Evaxion Biotech A/S is a clinical-stage AI-immunology™ platform company decoding the human immune system to discover and develop novel immunotherapies to treat cancer and infectious diseases. Based on its proprietary and scalable AI-immunology core technology, Evaxion is developing a broad pipeline of novel product candidates which currently includes three patient-specific cancer immunotherapies, two of which are in Phase I/IIa clinical development. In addition, Evaxion is advancing a portfolio of vaccines to prevent bacterial and viral infections with one program currently in preclinical development against S. aureus (including Methicillin-resistant S. aureus. or MRSA) induced skin and soft tissue infections.
| For more information | ||
| Evaxion | LifeSci Advisors LLC | |
| Glenn S. Vraniak | Mary-Ann Chang | |
| Chief Financial Officer | Managing Director | |
| gvr@evaxion-biotech.com | mchang@lifesciadvisors.com | |
| +1 (513) 476-2669 | +44 7483 284 853 | |
Forward-looking statement
This company announcement may contain certain forward-looking statements, including relating to the terms of the proposed offering and the completion of the proposed offering. Although the Company believes its expectations are based on reasonable assumptions, all statements other than statements of historical fact included in this company announcement about future events are subject to (i) change without notice and (ii) factors beyond the Company’s control. These statements may include, without limitation, any statements preceded by, followed by, or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “estimate,” “plan,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could”, and other words and terms of similar meaning or the negative thereof. Forward-looking statements are subject to inherent risks and uncertainties beyond the Company’s control that could cause the Company’s actual results, performance, or achievements to be materially different from the expected results, performance, or achievements expressed or implied by such forward-looking statements. Except as required by law, the Company assumes no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.