Evaxion significantly expands vaccine deal with MSD

26 September 2024

Danish clinical-stage AI-based vaccine developer Evaxion Biotech (Nasdaq: EVAX) has entered into an option and license agreement with MSD (tradename of Merck & Co [NYSE: MRK] outside of the USA and Canada), for two pre-clinical vaccine candidates.

The agreement expands the companies’ current collaboration and carries significant value for Evaxion, whose shares rose more than 5% to $3.07 on the news.

Evaxion has granted MSD an option to exclusively license Evaxion’s pre-clinical vaccine candidates EVX-B2 and EVX-B3. EVX-B2 is a protein-based candidate for gonorrhea and EVX-B3 targets an undisclosed infectious agent.

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