Welcome to our dedicated page for Evaxion AS news (Ticker: EVAX), a resource for investors and traders seeking the latest updates and insights on Evaxion AS stock.
Evaxion A/S reports developments as a clinical-stage TechBio company using its proprietary AI-Immunology™ platform to design vaccine candidates for cancer and infectious diseases. Company news commonly covers EVX-01, its personalized peptide-based cancer vaccine for advanced solid cancers, including data from a phase 2 advanced melanoma trial and measures of neoantigen target selection and immune response.
Updates also address platform applications beyond melanoma, including glioblastoma vaccine design, prophylactic infectious disease concepts such as polio and cytomegalovirus programs, collaborations, business development activity, quarterly financial results, annual general meeting outcomes, board matters, and management-role changes.
Evaxion Biotech reported a successful follow-on public offering (FPO) of 3,942,856 ordinary shares, raising $24.9 million in net proceeds. The company announced a critical collaboration with Merck to evaluate its immunotherapy EVX-01 alongside KEYTRUDA® in a Phase 2b clinical trial for metastatic melanoma. As of December 31, 2021, Evaxion had cash and cash equivalents totaling $32.2 million, ensuring operational funding for at least 12 months. The firm has also received Australian clearance for its clinical trial and achieved significant clinical milestones, underlining its commitment to innovation in cancer treatment.
Evaxion Biotech A/S (NASDAQ: EVAX) announced key management additions: Bo Karmark as Chief Financial Officer and Jesper Nyegaard Nissen as Chief Operating Officer. Both bring over 25 years of experience in the biotech and pharmaceutical sectors, expected to enhance Evaxion's growth and clinical development efforts. CEO Lars Wegner expressed confidence in their capabilities to advance the company’s promising pipeline of AI-powered immunotherapies for cancer and infectious diseases. The company's strategy aims to leverage AI for effective drug discovery.
Evaxion Biotech A/S (NASDAQ: EVAX) has completed recruitment for its Phase 1/2a clinical trial of EVX-02, targeting adjuvant melanoma patients. The Company aims to prevent tumor relapse post-surgery. Encouraging preliminary findings indicate the treatment is well-tolerated, with no serious side effects reported. The next step is a dedicated Phase 2b trial, expected to begin following the finalization of recruitment. Final data from the current trial will be announced in Q2 2023, earlier than anticipated, with milestones including regulatory filings in H1 2022.
Evaxion Biotech A/S (NASDAQ: EVAX) announced the publication of a paper on its personalized cancer immunotherapy EVX-01 aimed at metastatic melanoma, published in OncoImmunology. The Phase 1/2a trial results indicate that EVX-01 is safe and shows early signs of antitumor activity when combined with standard anti-PD-1 treatment, supported by the company's PIONEER AI technology. The upcoming Phase 2b trial, in collaboration with Merck, is set to begin in Q2 2022, focusing on efficacy and safety in treatment-naïve patients.
Evaxion Biotech (NASDAQ: EVAX) has received Australian Therapeutic Goods Administration clearance to commence a Phase 2b trial for its patient-specific cancer immunotherapy EVX-01, in combination with Merck’s KEYTRUDA®. The trial aims to evaluate the safety and efficacy of this treatment in approximately 100 adults with unresectable or metastatic melanoma, focusing on overall response as the primary endpoint. The study is set to begin in Q2 2022, following promising data from the ongoing Phase 1/2a trial, where EVX-01 demonstrated a 67% benefit rate compared to 40% historical data for the anti-PD-1 therapy alone.
Evaxion Biotech A/S (NASDAQ: EVAX) has completed its follow-on public offering of 3,942,856 American Depositary Shares (ADSs) at a price of $7.00 per ADS. The offering included the full exercise of the underwriters’ option to purchase an additional 514,285 ADSs, generating approximately $27.6 million in gross proceeds before deductions. The ADSs are traded on the Nasdaq Capital Market. Oppenheimer & Co. Inc. served as the sole book-running manager for this offering, with additional support from Ladenburg Thalmann & Co. Inc. and Lake Street Capital Markets, LLC.
Evaxion Biotech reported Q3 2021 financial results, highlighting a follow-on public offering (FPO) of 3.9 million ADSs expected to raise $27.6 million. Key developments include positive Phase 1/2a trial results for EVX-01, showing a 67% patient benefit rate in metastatic melanoma, and EVX-02 demonstrating T-cell activation. Cash reserves were $11.9 million, bolstered by the FPO. The company's net loss was $5.3 million, slightly higher than the previous year. Upcoming milestones include Phase 2b trials for EVX-01 and EVX-02 in early 2022.
Evaxion Biotech A/S (NASDAQ: EVAX) has announced the pricing of a follow-on public offering of 3,428,571 American Depositary Shares (ADSs) at $7.00 each, aiming to raise approximately $24 million before fees. The offering, expected to close on November 9, 2021, includes an option for underwriters to purchase an additional 514,285 ADSs. Oppenheimer & Co. Inc. serves as the book-running manager. Evaxion is focused on developing AI-driven immunotherapies for various diseases, with several candidates in clinical development.
Evaxion Biotech A/S (Nasdaq: EVAX) announced the filing of a Registration Statement with the SEC for a proposed follow-on public offering of American Depositary Shares (ADSs). The offering will include an option for underwriters to purchase an additional 15% of the ADSs. The specific details regarding the number and price of shares are yet to be determined. Oppenheimer & Co. Inc. and Raymond James & Associates, Inc. are managing the offering, which is subject to market conditions and the Registration Statement's effectiveness.
Evaxion Biotech A/S (NASDAQ: EVAX) has announced a collaboration with Merck & Co. to conduct a Phase 2b clinical trial for its cancer immunotherapy EVX-01 in combination with KEYTRUDA® (pembrolizumab). The trial will focus on patients with metastatic melanoma (stage III and IV) and aims to begin in Q4 2021. Evaxion will lead the study, while Merck provides KEYTRUDA®. Previous promising results from Phase 1/2a trials suggest EVX-01 may enhance melanoma treatment efficacy.