Evaxion's recent financial results are typical of a clinical stage biopharma in that they feature no revenue and significant R&D and G&A costs associated with its development efforts.The market opportunity for melanoma treatments is substantial and expected to grow markedly over the medium term.
Evaxion Biotech A/S is developing treatment candidates for various cancer conditions.According to a marketresearch reportby Grand View Research, the global market for melanoma therapeutics is expected to reach $11 billion by 2025.This represents a forecast CAGR (Compound Annual Growth Rate) of 11.21%. I hold for it.
Evaxion Biotech A/S, a clinical-stage biotech company, engages in developing artificial intelligence-powered immunotherapies for cancers, bacterial diseases, and viral infections. The company develops EVX-01, a cancer immunotherapy that is in clinical Phase IIb trial for metastatic melanoma; EVX-02, a DNA-based cancer immunotherapy that is in Phase IIa trial for adjuvant melanoma; and EVX-03, a DNA-based immunotherapy for the treatment of various cancers. Its programs also include EVX-B1, EVX-B2, and EVX-V1, which are vaccines that are in pre-clinical stage for the treatment of bacterial and viral diseases. The company was incorporated in 2008 and is headquartered in Hørsholm, Denmark.
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Annual Report
Form 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)]