Welcome to our dedicated page for Evaxion Biotech A/S news (Ticker: EVAX), a resource for investors and traders seeking the latest updates and insights on Evaxion Biotech A/S stock.
Evaxion Biotech A/S (symbol: EVAX) is a clinical-stage biotechnology company founded in 2008 with the mission to address some of the most significant global health challenges using artificial intelligence (AI). The company has developed robust platforms for creating novel vaccines and therapies. Evaxion's primary AI platforms, PIONEER and EDEN, utilize advanced in silico tools including big data, AI, and supercomputing to predict, rank, and optimize epitopes and antigens that stimulate highly protective immune responses against cancers and infectious diseases.
Evaxion's EDEN platform focuses on the rapid discovery of new antigens eliciting cross-protective immune responses against bacterial pathogens. On the other hand, the PIONEER platform identifies epitopes of mutated proteins to activate the body's natural immune responses. Additionally, the company has developed two more AI platforms, RAVEN and ObsERV, to further enhance its drug development pipeline.
The company's leading product candidates include EVX-01 and EVX-02, which are under development for cancer treatment, as well as EVX-03, a pre-clinical candidate for non-small-cell lung cancer (NSCLC). With a strong focus on AI-driven drug discovery and development, Evaxion aims to create innovative immunotherapies with improved efficacy for patients with unmet medical needs.
Recent news highlights key company activities, such as:
- A replay of the R&D Day presentations is available on the company's website.
- Information about the EVX-01 Phase 2 clinical trial.
- The company resolved a Nasdaq equity deficiency issue stemming from the IFRS accounting treatment of investor warrants.
To learn more about Evaxion Biotech A/S and its innovative AI-driven approaches, please visit Evaxion Biotech.
Evaxion Biotech A/S (NASDAQ: EVAX) announced the selection of EVX-03 as a product candidate within its DNA technology platform to target non-small cell lung cancer (NSCLC). The company plans to file for regulatory approval in H2 2022 based on positive pre-clinical results showing significant tumor reduction and a dose-response relationship. The NSCLC market is currently valued at $23 billion and projected to reach $33 billion by 2029. EVX-02 is also in the pipeline, with a phase 1/2a trial expected to read out in Q2 2023.
Evaxion Biotech A/S (NASDAQ: EVAX) announced a committed equity purchase agreement with Lincoln Park Capital Fund for up to $40 million in American Depositary Shares (ADSs) over 36 months. This agreement allows Evaxion flexibility in deciding the timing and amount of sales, thereby enhancing its financial position amid market uncertainties. As of Q1 2022, Evaxion had cash and equivalents of $31.4 million, sufficient for operations for at least 12 months without the agreement. The company is focused on advancing its personalized cancer medicines in Phase 2 clinical trials.
Inversago Pharma has appointed Glenn S. Vraniak as its new Chief Financial Officer, effective immediately. With over 20 years of experience in the life sciences sector, Vraniak previously served as CFO at Evaxion Biotech, where he led the company through a successful IPO on Nasdaq in February 2021. His extensive background includes roles at electroCore and GE Capital. CEO François Ravenelle welcomed him, anticipating his impact on Inversago's growth, particularly in developing therapies for metabolic conditions.
Evaxion Biotech (NASDAQ: EVAX) announced regulatory clearance for a Phase 2b trial of EVX-01 targeting metastatic melanoma and completed recruitment for its Phase 1/2a trial of EVX-02. The company ended Q1 2022 with $31.4 million in cash and equivalents, a slight decrease from $32.2 million at the end of 2021. R&D expenses rose to $4.8 million, while the net loss was $5.8 million, compared to $4.1 million in Q1 2021. Evaxion is optimistic about advancing its cancer therapies and exploring partnerships in 2022.
Evaxion Biotech A/S (NASDAQ: EVAX) announced successful production of personalized cancer immunotherapies for all patients in its Phase 1/2a trial of EVX-02 for adjuvant melanoma. The team confirmed the feasibility of its complex production chain within a critical timeframe. The trial, involving 16 fully resected patients in Australia, aims to prevent disease relapse using AI-driven, DNA-based immunotherapies. This achievement strengthens Evaxion's capabilities for larger trials exploring clinical benefits, bolstering investor confidence in its AI-immunology platform and the future of personalized cancer treatment.
Evaxion Biotech A/S (NASDAQ: EVAX) will present its first-quarter 2022 financial results on May 11 at 8:30 a.m. EDT. For those wishing to join the conference call, the US dial-in number is 1-877-407-0792 and the international number is 1-201-689-8263, using Conference ID 13729241. The event can also be accessed via a webcast on Evaxion's website. Evaxion is a clinical-stage biotechnology company focused on AI-driven immunotherapies for treating cancer and infectious diseases. Their pipeline includes three patient-specific cancer immunotherapies.
Evaxion Biotech and Personalis announced a collaboration utilizing the ImmunoID NeXT Platform in a Phase 2b trial to evaluate the efficacy of Evaxion's cancer immunotherapy EVX-01. The trial will study the combination of EVX-01 with KEYTRUDA in metastatic melanoma patients. Evaxion's AI tool PIONEER is expected to enhance treatment precision by targeting significant cancer mutations. The partnership aims to improve patient outcomes and advance companion diagnostics. Both companies leverage advanced AI and genomic technologies to boost cancer therapy development.
Evaxion Biotech (NASDAQ: EVAX) announced a KOL webinar focusing on personalized cancer immunotherapies, scheduled for April 12, 2022, at 12:30 pm ET. Featured speakers include KOLs Jeffrey S. Weber, MD, PhD, and Patrick Ott, MD, PhD, who will discuss melanoma treatment options and the potential of AI-driven therapeutic strategies. Evaxion's management will also provide company updates during the session. This event highlights the company's commitment to advancing personalized medicine in oncology and engaging with key experts in the field.
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.
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