AI TechnologyEvaxion is one of the pioneers and a front-runner in artificial intelligence (AI)-powered vaccine development.
Financial PerformanceEvaxion reported total revenues of $3.0M, compared to the consensus estimate of $0.1M, and a net loss of $0.04 per diluted share, compared to the consensus estimated net loss of $0.21 per share.
PartnershipsMerck led a private equity investment in Evaxion in 2023, becoming the company’s single largest shareholder, and participated a second time in a public equity offering in February 2024.