Vaxcyte, Inc. Stock Price, News & Analysis

Vaxcyte, Inc. (Nasdaq: PCVX) will report its financial results for Q4 and full year 2022 on February 27, 2023, post-market close. A conference call and webcast will follow at 4:30 p.m. ET to discuss the results and provide a business update. Vaxcyte partners with advanced synthetic techniques to develop high-fidelity vaccines targeting bacterial diseases. Their lead candidate, VAX-24, is a 24-valent pneumococcal conjugate vaccine aimed at preventing invasive pneumococcal disease. Their pipeline includes other vaccine candidates aimed at various bacterial infections, enhancing their commitment to addressing significant health concerns.

Vaxcyte, Inc. (Nasdaq: PCVX), a clinical-stage vaccine innovation company, will participate in a fireside chat at the SVB Securities Global Biopharma Conference on February 14, 2023, at 3:00 p.m. ET. The live presentation will be available via webcast on the company's website, with a replay accessible for 30 days post-conference. Vaxcyte focuses on engineering high-fidelity vaccines to combat bacterial diseases. Its lead candidate, VAX-24, is a 24-valent pneumococcal conjugate vaccine aimed at preventing invasive pneumococcal disease. The company employs advanced synthetic techniques to improve vaccine development efficiency.

Vaxcyte announces that the FDA has granted Breakthrough Therapy designation for its investigational VAX-24, a 24-valent pneumococcal conjugate vaccine targeting invasive pneumococcal disease (IPD) in adults. The decision follows positive topline results from a Phase 1/2 study in adults aged 18-64, meeting safety, tolerability, and immunogenicity goals. Topline data for a Phase 2 study in adults 65 and older is expected in Q2 2023, with plans for a Phase 3 program thereafter. This designation facilitates accelerated development and regulatory support for Vaxcyte's vaccine candidates.

Vaxcyte reported positive topline data from its Phase 1/2 proof-of-concept study of VAX-24, a 24-valent pneumococcal conjugate vaccine. The study met objectives for safety, tolerability, and immunogenicity, suggesting a best-in-class profile. The company has $366.2 million in cash and announced approximately $650.7 million in net proceeds from a recent follow-on offering. Key milestones for 2023 include further Phase 2 studies and IND applications for both VAX-24 and its VAX-XP candidate.

Vaxcyte, Inc. (Nasdaq: PCVX) announced participation in several investor conferences, including the Guggenheim 4th Annual Immunology and Neurology Conference from November 14-15, 2022, the Jefferies London Healthcare Conference from November 15-17, 2022, and the Evercore ISI 5th Annual HealthCONx Conference from November 29-December 1, 2022.

Live fireside chats will be held on November 14 at 1:35 PM ET, November 16 at 12:20 PM GMT, and November 30 at 12:10 PM ET. Webcasts will be available on Vaxcyte's website for 30 days post-conference.

Vaxcyte (Nasdaq: PCVX) announced the completion of an underwritten public offering of 17,812,500 shares of common stock at $32.00 per share, along with pre-funded warrants for 3,750,000 shares at $31.999 each. The offering raised approximately $690 million in gross proceeds. The transaction included the underwriters' full exercise of their option for an additional 2,812,500 shares. BofA Securities and others acted as joint book-running managers. Vaxcyte focuses on innovative vaccines to combat bacterial diseases, with its lead candidate VAX-24 targeting invasive pneumococcal disease.

Vaxcyte, Inc. (Nasdaq: PCVX) has priced an underwritten public offering of 15,000,000 shares of common stock and pre-funded warrants to purchase 3,750,000 shares at $32.00 and $31.999 per share, respectively. The offering aims to raise approximately $600 million, closing on October 28, 2022, subject to customary conditions. Vaxcyte’s lead vaccine candidate, VAX-24, targets invasive pneumococcal diseases, while its innovative protein synthesis methods enhance vaccine production. The underwriters have a 30-day option to purchase an additional 2,812,500 shares.

Vaxcyte, Inc. (Nasdaq: PCVX) has initiated an underwritten public offering of common stock and pre-funded warrants. The company plans to grant underwriters a 30-day option to acquire an additional 15% of offered shares. The offering's completion is contingent on market conditions. BofA Securities, Jefferies, SVB Securities, Evercore ISI, and Guggenheim Securities are the main managers for this offering. A shelf registration statement was filed with the SEC, and a preliminary prospectus will be available. No offers are to be made in jurisdictions where unlawful.

Vaxcyte announced positive topline results from its Phase 1/2 clinical study of VAX-24, a 24-valent pneumococcal conjugate vaccine, demonstrating a strong safety and tolerability profile similar to Prevnar 20 (PCV20). At the 2.2mcg dose, VAX-24 met or exceeded regulatory immunogenicity standards for all 24 serotypes and showed higher immune responses for 16 of the 20 serotypes common with PCV20. Vaxcyte intends to advance VAX-24 into a Phase 3 program.

The FDA granted Fast Track Designation to VAX-24 for the adult indication, underscoring its potential in preventing invasive pneumococcal disease.