Lake Street analyst Thomas Flaten raised the firm’s price target on Evaxion Biotech (EVAX) to $11 from $6 and keeps a Buy rating on the shares after the company announced two-year Phase 2 data for its personalized cancer vaccine, EVX-01, in advanced melanoma. The two-year EVX-01 data and Merck’s (MRK) option exercise for EVX-B3 further validate Evaxion’s platform, the analyst tells investors.
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