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Evaxion (EVAX) wraps EVX-01 phase 2 extension with 75% response

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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Evaxion A/S reports that the one-year extension of its phase 2 trial of personalized cancer vaccine EVX-01 in advanced melanoma has been completed, with the last patient visit now finished. Three-year clinical efficacy data are expected to be presented in the second half of 2026.

Earlier phase 2 results showed an Objective Response Rate of 75%, with 12 of 16 patients responding and four achieving complete responses. At two-year follow-up, 92% of patients were still responding with no relapses, tumor reduction was seen in 15 of 16 patients, and 81% of targeted neoantigens triggered potent T-cell responses. EVX-01 was reported as well tolerated.

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Objective Response Rate 75% Phase 2 EVX-01 trial in advanced melanoma
Patients with objective responses 12 of 16 patients Phase 2 EVX-01 efficacy results
Complete responses 4 patients Subset of responders in phase 2 EVX-01 trial
Patients still responding at two years 92% Two-year follow-up durability, no relapses observed
Patients with deepened response 54% Improved from stable/partial to partial/complete response
Tumor reduction observed 15 of 16 patients Target lesion reduction in phase 2 trial
Immunogenic neoantigens 81% Targeted neoantigens generating potent T-cell responses
Three-year data timing Second half of 2026 Planned presentation of extended phase 2 EVX-01 data
Objective Response Rate clinical
"The trial has already yielded encouraging one- and two-year data including a 75% Objective Response Rate"
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.
neoantigens clinical
"81% of the targeted neoantigens generating potent specific T-cell responses"
Neoantigens are new protein fragments that appear on the surface of diseased cells, most often cancer cells, because of changes in their DNA; the immune system can recognize these as foreign. For investors, neoantigens matter because they are targets for precision therapies and vaccines that aim to teach the immune system to attack only diseased cells—think of them as unique fingerprints that enable treatments to be more specific and potentially more effective, which can drive clinical and commercial value.
anti-PD-1 therapy clinical
"patients were treated with EVX-01 in combination with MSD’s anti-PD-1 therapy, Keytruda"
Anti-PD-1 therapy are drugs that block the PD-1 protein on immune cells, effectively releasing the “brakes” that can prevent the body from attacking cancer cells; think of it like removing a safety lock so security guards can better recognize intruders. Investors care because these therapies can transform treatment outcomes, drive significant sales if approved for multiple cancers, and carry regulatory, patent and competitive risks that affect a company’s valuation.
monotherapy clinical
"In the third year, patients received EVX-01 as monotherapy"
Monotherapy is a treatment approach that uses only one type of medicine or therapy to address a condition, instead of combining multiple options. For investors, understanding monotherapy matters because it can influence a company's development strategy, risk profile, and potential market size, especially if the single-treatment approach proves effective or faces limitations compared to combination therapies.
phase 2 trial clinical
"completed the one-year extension of its phase 2 trial with personalized cancer vaccine EVX-01"
A phase 2 trial is an intermediate-stage clinical study that tests whether a new treatment works and is reasonably safe in a group of patients who have the condition it targets. Think of it as a field test of a prototype product: it checks real-world effectiveness and side effects on a modest number of users to decide whether the treatment should move to larger, definitive testing. Investors watch phase 2 results because positive outcomes can sharply increase the likelihood of regulatory approval and future sales, while failures often halt development.
personalized cancer vaccine clinical
"phase 2 trial with personalized cancer vaccine EVX-01"
A personalized cancer vaccine is a medicine made to match an individual patient’s tumor and immune system, designed to train their immune cells to recognize and attack that patient’s specific cancer—like a tailor-made key developed to fit one unique lock. Investors watch this area because it promises highly targeted, potentially long-lasting treatments but also involves complex manufacturing, high development costs and regulatory uncertainty that can strongly affect company value.
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2026

Commission File Number: 001-39950

Evaxion A/S
(Exact Name of Registrant as Specified in Its Charter)

Dr. Neergaards Vej 5f
DK-2970 Hoersholm
Denmark

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [ X ]      Form 40-F [   ]


INCORPORATION BY REFERENCE

This report on Form 6-K shall be deemed to be incorporated by reference in Evaxion A/S’s registration statements on Form S-8 (File No. 333-255064), on Form F-3 (File No. 333-265132), on Form F-1, as amended (File No. 333-266050), Form F-1 (File No. 333-276505), Form F-1 (File No. 333-279153), Form F-1 (File No. 333-283304), and Form F-3 (File No. 333- 285778), including any prospectuses forming a part of such registration statements and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

Press Release

On April 7, 2026, Evaxion A/S (the “Company”), a clinical-stage TechBio company specializing in developing AI-Immunology™ powered vaccines, issued a press release titled "Evaxion announces last patient visit in one-year extension of phase 2 trial with personalized cancer vaccine EVX-01". A copy of the press release is furnished as Exhibit 99.1 to this report on Form 6-K.

Exhibits

Exhibit No. Description
   
99.1 Evaxion announces last patient visit in one-year extension of phase 2 trial with personalized cancer vaccine EVX-01


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

   Evaxion A/S
   (Registrant)
    
   
Date: April 7, 2026 By:/s/ Helen Tayton-Martin    
   Helen Tayton-Martin
   Chief Executive Officer
   

EXHIBIT 99.1

Evaxion announces last patient visit in one-year extension of phase 2 trial with personalized cancer vaccine EVX-01

  • Trial extension completed as planned with three-year clinical efficacy data expected to be presented in the second half of 2026
  • The trial has already yielded encouraging one- and two-year data including a 75% Objective Response Rate

COPENHAGEN, Denmark, April 7, 2026 - Evaxion A/S (NASDAQ: EVAX) (“Evaxion”), a clinical-stage TechBio company developing novel vaccines with its pioneering AI-Immunology™ platform, has successfully completed the one-year extension of its phase 2 trial with personalized cancer vaccine EVX-01 with the last patient having now had last physician visit. Patients in the trial will continue to be monitored and data prepared for expected presentation in the second half of 2026.

Designed with AI-Immunology™, EVX-01 is a personalized cancer vaccine currently being evaluated as a treatment for advanced melanoma (skin cancer). In the first two years of the phase 2 trial, patients were treated with EVX-01 in combination with MSD’s (Merck & Co., Inc., Rahway, NJ, USA) anti-PD-1 therapy, Keytruda® (pembrolizumab).

In the third year, patients received EVX-01 as monotherapy, allowing an evaluation of the vaccine’s effect both as stand-alone and combination treatment. Further, the three-year data may provide additional insights into potential enhanced treatment effects and durability of induced immune response.

“We are pleased to have carried through the extension of the trial as planned and are looking forward to collecting, analysing and presenting the data. EVX-01 already has a very strong data package demonstrating the unique capabilities of AI-Immunology™ in cancer vaccine design. We hope to further enhance the data package with the three-year results,” says Birgitte Rønø, CSO of Evaxion.

Encouraging data
Data from the first two years of the trial demonstrated an Objective Response Rate of 75%, as 12 out of 16 patients had objective clinical responses, with four patients obtaining a complete response. Additionally, a durable clinical benefit was observed as 92% of patients were still responding at two years follow-up and no relapses were observed.

54% of patients had a deepened response during treatment, improving from stable disease or partial response to partial or complete response. Tumor reduction (target lesions) was observed in 15 out of the 16 patients enrolled in the trial.

In the trial, EVX-01 induced an immune response in all patients, with 81% of the targeted neoantigens generating potent specific T-cell responses. This high immunogenicity rate stands out as highly encouraging compared to historical observations and compares very favorably to what is seen with other approaches. These results also underline and validate the precision of the AI-Immunology™ platform in accurately identifying neoantigens, which leads to detectable signals in patients.

Data also confirmed EVX-01 to be a well-tolerated treatment.

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 did Evaxion A/S (EVAX) announce about its EVX-01 phase 2 cancer vaccine trial?

Evaxion announced completion of the one-year extension of its phase 2 trial of personalized cancer vaccine EVX-01 in advanced melanoma. The last patient visit has occurred, and three-year clinical efficacy data are expected to be presented in the second half of 2026.

What are the key efficacy results so far from Evaxion’s EVX-01 phase 2 trial?

The trial reported a 75% Objective Response Rate, with 12 of 16 patients showing objective responses and four achieving complete responses. Tumor reduction in target lesions occurred in 15 of 16 patients, indicating broad antitumor activity in this advanced melanoma study population.

How durable were responses in Evaxion (EVAX) EVX-01 phase 2 trial?

At two-year follow-up, 92% of patients in the EVX-01 phase 2 trial were still responding and no relapses were observed. Additionally, 54% of patients experienced a deepened response over time, improving from stable or partial responses to partial or complete responses.

How was EVX-01 administered during the Evaxion phase 2 trial in advanced melanoma?

During the first two years, patients received EVX-01 combined with MSD’s anti-PD-1 therapy Keytruda (pembrolizumab). In the third year, patients received EVX-01 as monotherapy, allowing assessment of the vaccine’s effect both alone and in combination with checkpoint inhibition.

What immune responses were observed with Evaxion’s EVX-01 personalized cancer vaccine?

EVX-01 induced an immune response in all enrolled patients. About 81% of the vaccine’s targeted neoantigens generated potent, specific T-cell responses, which the company highlights as highly encouraging and supportive of its AI-Immunology platform’s precision in neoantigen selection.

Was Evaxion’s EVX-01 cancer vaccine well tolerated in the phase 2 trial?

The company states that EVX-01 was confirmed to be a well-tolerated treatment in the phase 2 trial. This safety profile, combined with the observed clinical responses and durable benefit, supports further evaluation of the personalized vaccine in advanced melanoma patients.

Filing Exhibits & Attachments

1 document