Evaxion soars on cancer vaccine promise

31 October 2023

Danish biotech company Evaxion (Nasdaq: EVAX) has announced initial results from a Phase II trial of the first five metastatic melanoma patients treated with EVX-01, a peptide-based personalized cancer vaccine.

Shares in Evaxion jumped up by 18% during Tuesday morning’s trading following the announcement.

This study is a self-sponsored open-label, single-arm, multicenter trial carried out in collaboration with US pharma giant Merck & Co (NYSE: MRK), and together with leading principal investigators and research centers from Italy and Australia.

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