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Evaxion unveils proprietary genetic adjuvant technology to boost the effect of DNA and mRNA vaccines Evaxion developed a genetic adjuvant technology that boosts the immune responses of viral, bacterial and cancer vaccine

Key Takeaway: Evaxion Biotech has introduced a proprietary genetic adjuvant technology designed to enhance the efficacy of DNA and mRNA vaccines, particularly against infectious diseases and cancer. The adjuvant, which encodes the immune-stimulating molecule CCL19, has demonstrated significant preclinical success, inducing strong T-cell responses and high antibody levels. The company plans to evaluate this technology in clinical trials as part of its personalized cancer immunotherapy program, EVX-03, later in 2023. This development underscores Evaxion's commitment to advancing vaccine technology and improving treatment options in immunotherapy.

Market Sentiment Analysis

POSITIVE FACTORS

  • Introduction of a novel genetic adjuvant technology that enhances vaccine effectiveness.
  • Strong preclinical results showing improved immune responses and antitumor effects.
  • Potential for broad application across various vaccine types, including for cancer and infectious diseases.
  • Plans to advance the technology into clinical trials later this year.

Full Press Release Details

Evaxion unveils proprietary genetic adjuvant
technology to boost the effect of DNA and mRNA vaccines
COPENHAGEN, Denmark,
May 25, 2023 (GLOBE NEWSWIRE) -- Evaxion Biotech A/S (NASDAQ: EVAX) ("Evaxion" or the "Company"), a
clinical-stage biotechnology company specializing in the discovery and development of AI-powered immunotherapies, today unveils the technology
behind its novel, proprietary genetic adjuvant developed to enhance the effectiveness of DNA and mRNA vaccines for infectious diseases
the adjuvant program were presented at Evaxion's live stream R&D Day, May 25, 2023.
to present this novel genetic adjuvant technology to the global scientific community. It boosts Evaxion s own DNA technology and
has the potential to improve the effect of virtually any vaccine. We foresee a great market potential in that this technology appears
to be highly effective in both DNA and mRNA based vaccines against cancer as well as infectious diseases." said Per Norl n,
novel genetic adjuvant carries the code for CCL19, a molecule known to attract immune cells, notably antigen presenting cells, and can
be encoded into either DNA or mRNA vaccines with the aim of boosting the immune response.
that the genetic adjuvant technology boosts the antitumor effect in preclinical tumor models, and induces neutralizing antibodies and
T-cell responses against both viral and bacterial antigens:
Delivery of DNA or mRNA cancer neoantigen vaccines induced strong neoantigen-specific T-cell responses and complete antitumor responses
of a COVID-19 T-cell epitope DNA vaccine resulted in a strong and specific T-cell response and protected against a lethal dose of
the virus (90% survival)
of a Neisseria Gonorrhoeae antigen DNA vaccine induced high antibody titers and specific T-cell responses towards the
continues, "By encoding the immune-stimulating molecule CCL19 into either DNA or mRNA vaccines, we have demonstrated
significant enhancement of the vaccines effectiveness. We believe that this advancement holds immense potential for vaccine development,
as it boosts both B cell and T cell immune responses, making it applicable to a wide range of vaccines. Building on the encouraging preclinical
results, the next step is to validate the technology in patients."
bring the genetic adjuvant technology into clinical trials later this year as part of the personalized cancer immunotherapy program EVX-03.
Investors section of Evaxion's website to access a replay of the R&D Day presentations.
A/S is a pioneering company developing AI-powered immunotherapies. Evaxion's proprietary and scalable AI technologies decode the
human immune system to discover and develop novel immunotherapies for cancer, bacterial diseases, and viral infections. Evaxion has a
broad pipeline of candidates, including three personalized cancer immunotherapies. It is located in H rsholm, Denmark, with 50
employees listed on the Nasdaq New York stock exchange. For more information, please visit www.evaxion-biotech.com.
For more information:
Per Norl n Chief Executive Officer
Forward-looking statement
This announcement contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words
"target," "believe," "expect," "hope," "aim," "intend," "may,"
"might," "anticipate," "contemplate," "continue," "estimate," "plan,"
"potential," "predict," "project," "will," "can have," "likely,"
"should," "would," "could," and other words and terms of similar meaning identify forward-looking
statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various factors,
including, but not limited to, risks related to: our financial condition and need for additional capital; our development work; cost and
success of our product development activities and preclinical and clinical trials; commercializing any approved pharmaceutical product
developed using our AI platform technology, including the rate and degree of market acceptance of our product candidates; our dependence
on third parties including for conduct of clinical testing and product manufacture; our inability to enter into partnerships; government
regulation; protection of our intellectual property rights; employee matters and managing growth; our ADSs and ordinary shares, the impact
of international economic, political, legal, compliance, social and business factors, including inflation, and the effects on our business
from the worldwide COVID-19 pandemic and the ongoing conflict in the region surrounding Ukraine and Russia; and other uncertainties affecting
our business operations and financial condition. For a further discussion of these risks, please refer to the risk factors included in
our most recent Annual Report on Form 20-F and other filings with the U.S. Securities and Exchange Commission (SEC), which are available
at www.sec.gov. We do not assume any obligation to update any forward-looking statements except

Frequently Asked Questions

What is Evaxion's new technology?

Evaxion has developed a proprietary genetic adjuvant to enhance DNA and mRNA vaccines.

How does the genetic adjuvant work?

It encodes CCL19 to attract immune cells, boosting the immune response for vaccines.

What diseases can this adjuvant target?

The technology can improve vaccines against cancer, bacterial, and viral infections.

What are the next steps for this technology?

Evaxion plans to bring the genetic adjuvant into clinical trials later this year.

How effective is the genetic adjuvant?

It enhances vaccine effectiveness by boosting both B and T cell immune responses.

Last updated: May 25, 2023