Financial ProjectionsAnalyst maintains a Buy rating on EVAX and increases the 12-month price target to $16 per diluted ADS from $14.
Strategic PartnershipsMerck's option exercise extends EVAX's cash runway to 1H27, carrying EVAX through several milestones across its infectious disease and oncology programs.
Therapeutic AdvancementsSecond year data update strengthens EVX-01 profile, reinforcing promising efficacy and favorable safety profile of the combination therapy.