Market CompetitionThe potential of neoantigen vaccines, like Evaxion’s EVX-01, remains underappreciated, and it has demonstrated strong synergy with pembrolizumab in a Phase 2 study in metastatic melanoma.
Revenue PerformanceEvaxion reported total revenues of $3.3M, which fell short of the consensus estimate of $4.5M.
Risk FactorsRisks to the Buy rating include partnership, technology, clinical, regulatory, commercial, legal and intellectual property, competition, and dilution.