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Evaxion to present new preclinical data for cytomegalovirus vaccine candidate EVX-V1 at the International Herpesvirus Workshop

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Evaxion (NASDAQ:EVAX) will present new preclinical data for its cytomegalovirus vaccine candidate EVX-V1 at the International Herpesvirus Workshop 2026 in Montreal on July 12, 2026. EVX-V1 combines AI-discovered antigens with AI-optimized established CMV antigens to support broadly protective vaccine design.

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News Market Reaction – EVAX

+3.23%
6 alerts
+3.23% Session close to close
+4.5% Peak in 24 hr 22 min
$29.11M Market Cap
0.7x Rel. Volume

In the Jul 1 session, EVAX gained 3.23%, reflecting a moderate positive market reaction. Argus tracked a peak move of +4.5% during that session. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights new preclinical data for EVX-V1 guiding final antigen selection for a b...
Analysis

This announcement highlights new preclinical data for EVX-V1 guiding final antigen selection for a broadly protective CMV vaccine. It builds on prior AI-Immunology results, but investors must watch execution toward clinical trials and funding flexibility.

Key Figures

Net loss: $3.6 million Prior-year net loss: $1.6 million Cash and cash equivalents: $18.4 million +5 more
8 metrics
Net loss $3.6 million Q1 2026 net loss reported in May 7, 2026 6-K
Prior-year net loss $1.6 million Q1 2025 net loss comparator in same 6-K
Cash and cash equivalents $18.4 million As of March 31, 2026; runway into H2 2027
Vaccine target recognition 86% EVX-01 phase 2 AI-Immunology target recognition in melanoma
Objective response rate 75% EVX-01 plus KEYTRUDA phase 2 melanoma trial
Warrant authorization DKK 11,900,000 AGM-approved maximum nominal warrants issuance to 2029
Convertible loan authorization DKK 73,500,000 AGM-approved nominal limit for convertible loan notes to 2031
AGM share representation 104,894,401 shares (25.15%) Share capital present or represented at April 16, 2026 AGM

Historical Context

5 past events · Latest: Jun 12 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jun 12 Award recognition Positive +5.3% AI-Immunology platform won 2026 Prix Galien UK digital health award.
Jun 11 Preclinical data Positive -4.8% New EVX-04 AML preclinical data from AI-Immunology platform in models.
May 12 Conference preview Positive -1.3% Announcement of new EVX-04 data presentation at EHA 2026 Congress.
May 07 Earnings update Neutral -7.7% Q1 2026 results with platform update, EVX-01 data, and cash runway.
May 04 Earnings date set Neutral +1.7% Scheduling of May 7, 2026 business update and Q1 2026 results call.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

EVAX often sells off on data and earnings updates, even when operational news is constructive.

Key Terms

ai-immunology™, cytomegalovirus, objective response rate, convertible loan notes, +1 more
5 terms
ai-immunology™ technical
"Evaxion A/S ... developing novel vaccines with its pioneering AI-Immunology™ platform"
ai-immunology™ is the use of artificial intelligence techniques to analyze immune system data and guide the discovery, design and testing of immune-based diagnostics, vaccines and therapies. It matters to investors because it can speed up research, reduce costs and reveal promising drug targets that traditional methods might miss—like using a powerful search engine to find a few needles in a vast haystack of biological signals—potentially increasing the chance and pace of commercial returns.
cytomegalovirus medical
"multi-component cytomegalovirus (CMV) vaccine candidate combining novel AI-discovered antigens"
Cytomegalovirus (CMV) is a common virus that usually causes mild or no symptoms in healthy people but can lie dormant and reactivate, like a quiet tenant who sometimes returns. It matters to investors because CMV causes serious illness in newborns, organ transplant recipients and people with weakened immune systems, driving demand for diagnostics, preventive vaccines and antiviral drugs; advances or setbacks in those products can affect healthcare costs and company valuations.
objective response rate medical
"has previously delivered a 75% Objective Response Rate, with three-year clinical data planned"
The objective response rate (ORR) is the percentage of patients in a clinical trial whose tumors measurably shrink or disappear according to preset rules. Investors use it as a quick, objective signal of a drug’s ability to produce a clear treatment effect—like counting how many plants visibly respond after applying a new fertilizer—and higher ORR can improve odds of regulatory approval, commercial success, and company valuation.
convertible loan notes financial
"new authorization to obtain loans through convertible loan notes up to a nominal DKK 73,500,000"
A convertible loan note is a loan that can later be changed into company shares instead of being repaid in cash, combining features of a loan and an option to buy ownership. For investors it matters because it affects who gets paid first and how much ownership existing shareholders will have: conversion can dilute equity while giving lenders potential upside if the company grows, and it changes a company’s debt and ownership picture.
endogenous retrovirus medical
"targets endogenous retrovirus tumor antigens that are present in AML tumors but not"
Endogenous retroviruses are remnants of ancient viral infections that became permanently embedded in an organism’s DNA and are inherited across generations, like fossilized viruses inside the genome. They can turn genes on or off or produce viral-like proteins, so they matter to investors because they are potential targets or safety liabilities for diagnostics, therapies and vaccines, influencing research value, regulatory review and clinical outcomes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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  • New preclinical data will guide antigen selection for a broadly protective cytomegalovirus vaccine candidate
  • Poster presentation on July 12, 2026, at the International Herpesvirus Workshop 2026 taking place in Montreal, Canada

COPENHAGEN, Denmark, July 1, 2026 - Evaxion A/S (NASDAQ: EVAX) (“Evaxion”), a clinical-stage TechBio company developing novel vaccines with its pioneering AI-Immunology™ platform, will present new preclinical data for vaccine candidate EVX-V1 in a poster session at the International Herpesvirus Workshop (IHW) 2026 taking place in Montreal, Canada, July 11-15, 2026.

EVX-V1 is a next-generation, multi-component cytomegalovirus (CMV) vaccine candidate combining novel AI-discovered antigens with AI-optimized versions of established CMV vaccine antigens.

The new preclinical data will guide final antigen selection for a broadly protective CMV vaccine candidate as we progress the program according to plan.

Presentations details:
Abstract title: AI-driven multi-antigen vaccine design to address cytomegalovirus infection, latency, and immune evasion
Poster#: P2.63
Session: Poster session 01
Location: Mont-Royal I/II, Centre Mont-Royal
Date/Time: July 12, 2026, at 9:30-11:30am ET/15:30-17:30 CET                 
Presenter: Gry Persson, Senior Project Manager at Evaxion

About EVX-V1
EVX-V1 is a next-generation, multi-component cytomegalovirus (CMV) vaccine candidate combining novel AI-discovered antigens with AI-optimized versions of established CMV vaccine antigens. Through this combination, EVX-V1 attacks the virus from multiple, complementary angles. This broader multi-targeted strategy is expected to strengthen the protective potential of the vaccine.

With our AI-Immunology™ platform, we have uncovered novel antigens that are entirely new to the CMV vaccine research field. These previously unexplored CMV-antigens induce specific immune responses, inhibit viral infection and reduce cell-to-cell spread in cellular and animal viral infection models.

EVX-V1 is a combination of these antigens with our proprietary AI-optimized pre-fusion glycoprotein B (gB) antigen which has demonstrated superior performance compared to the traditional gB antigen, including enhanced CMV neutralization.

About CMV
About 1 in 200 babies is born with congenital CMV infection. About 1 in 5 babies with the infection will have congenital disabilities or other long-term health problems. CMV infects approximately 60% to 70% of adults in developed countries and nearly 100% in developing economies, driving demand for CMV treatment. Despite decades of research, no CMV vaccine has been approved to date.

CMV treatment market size was valued at $474.6 million in 2023 and is anticipated to register an annual growth (CAGR) of 6.6% between 2024 and 2032. This growth is propelled by increasing awareness and prevalence of CMV infection and the development of new and effective treatments.

CMV is the most complex of all herpes viruses and is a widespread infection transmitted in body fluids. Once infected, the virus stays for life. People with weakened immune systems, including organ transplant patients, can develop severe symptoms affecting, for example, eyes, lungs, and liver, and congenitally infected babies may suffer from intellectual disability and loss of vision and hearing.

Contact information 
Evaxion A/S
Mads Kronborg
Vice President, Investor Relations & Communication
+45 53 54 82 96
mak@evaxion.ai

About Evaxion
Evaxion is a pioneering TechBio company based upon its proprietary, clinically validated and scalable AI platform, AI-Immunology™. The platform harnesses the power of artificial intelligence to decode the human immune system and develop novel vaccine candidates for cancer and infectious diseases.

With AI-Immunology™ we conduct rapid, efficient and high-quality target discovery, drug design and development. Our team of +40 experts covers the entire value chain from target discovery to clinical development

We have developed a clinical pipeline of both personalized and off-the-shelf cancer vaccine candidates as well as prophylactic vaccine candidates for infectious diseases. All our candidates address high unmet medical needs, reflecting our commitment to transforming patients’ lives by providing innovative and targeted treatment options.

For more information about Evaxion, AI-Immunology™ and our pipeline, please visit our website

Forward-looking statement 
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “target,” “believe,” “expect,” “hope,” “aim,” “intend,” “may,” “might,” “anticipate,” “contemplate,” “continue,” “estimate,” “plan,” “potential,” “predict,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could,” and other words and terms of similar meaning identify forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various factors, including, but not limited to, risks related to: our financial condition and need for additional capital; our development work; cost and success of our product development activities and preclinical and clinical trials; commercializing any approved pharmaceutical product developed using our AI platform technology, including the rate and degree of market acceptance of our product candidates; our dependence on third parties including for conduct of clinical testing and product manufacture; our inability to enter into partnerships; government regulation; protection of our intellectual property rights; employee matters and managing growth; our ADSs and ordinary shares, the impact of international economic, political, legal, compliance, social and business factors, including inflation, and the effects on our business from other significant geopolitical and macro-economic events; and other uncertainties affecting our business operations and financial condition. For a further discussion of these risks, please refer to the risk factors included in our most recent Annual Report on Form 20-F and other filings with the US Securities and Exchange Commission (SEC), which are available at www.sec.gov. We do not assume any obligation to update any forward-looking statements except as required by law. 


FAQ

What is Evaxion's EVX-V1 cytomegalovirus vaccine candidate (NASDAQ:EVAX)?

EVX-V1 is a next-generation, multi-component cytomegalovirus (CMV) vaccine candidate that uses AI-discovered antigens. According to Evaxion, it combines novel AI-identified antigens with AI-optimized versions of established CMV vaccine antigens to support design of a broadly protective CMV vaccine.

When and where will Evaxion present new EVX-V1 preclinical data in 2026?

Evaxion will present new EVX-V1 preclinical data on July 12, 2026, at IHW 2026 in Montreal. According to Evaxion, the poster session runs 9:30–11:30am ET (15:30–17:30 CET) in Mont-Royal I/II at Centre Mont-Royal.

What will the new EVX-V1 preclinical data be used for, according to Evaxion (EVAX)?

The new preclinical data will guide final antigen selection for EVX-V1 as a broadly protective CMV vaccine. According to Evaxion, these data support continued development of the program in line with the company’s existing plans and AI-Immunology-driven approach.

What is the title and poster number of Evaxion's EVX-V1 presentation at IHW 2026?

The abstract is titled “AI-driven multi-antigen vaccine design to address cytomegalovirus infection, latency, and immune evasion.” According to Evaxion, the presentation is listed as poster P2.63 in Poster Session 01 at the International Herpesvirus Workshop 2026.

Who will present Evaxion's EVX-V1 cytomegalovirus data at IHW 2026?

The EVX-V1 poster will be presented by Gry Persson, Senior Project Manager at Evaxion. According to Evaxion, Persson will represent the company during Poster Session 01 at the Centre Mont-Royal in Montreal on July 12, 2026.

How does Evaxion use AI-Immunology for its EVX-V1 CMV vaccine program?

Evaxion uses its proprietary AI-Immunology platform to discover and optimize antigens for EVX-V1. According to Evaxion, the candidate combines AI-discovered antigens with AI-optimized established CMV antigens to support development of a broadly protective cytomegalovirus vaccine.