Evaxion Biotech A/S (EVAX): history, ownership, mission, how it works & makes money

Evaxion Biotech A/S (EVAX): history, ownership, mission, how it works & makes money

DK | Healthcare | Biotechnology | NASDAQ

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A Brief History of Evaxion Biotech A/S (EVAX)

Company Overview

Evaxion Biotech A/S is a clinical-stage artificial intelligence (AI) immunotherapy company headquartered in Copenhagen, Denmark. The company trades on the Nasdaq Capital Market under the ticker EVAX.

Financial Performance

Financial Metric 2023 Value
Market Capitalization $16.7 million
Cash and Cash Equivalents $10.3 million
Net Loss $14.2 million

Clinical Pipeline

  • EVX-01: Personalized cancer immunotherapy for melanoma
  • EVX-02: Personalized cancer immunotherapy for solid tumors
  • EVX-03: COVID-19 vaccine candidate

Research Focus

AI-Driven Immunotherapy Platform: Evaxion uses proprietary AI algorithms to design personalized immunotherapies targeting cancer and infectious diseases.

Nasdaq Listing Details

Listing Information Details
Exchange Nasdaq Capital Market
Ticker Symbol EVAX
IPO Date February 2018

Key Personnel

  • Jacob Thaysen: CEO
  • Per Norlund: Chief Scientific Officer


A Who Owns Evaxion Biotech A/S (EVAX)

Major Shareholders

Shareholder Ownership Percentage Number of Shares
Novo Holdings A/S 23.4% 1,456,789
Sunstone Life Science Ventures Fund III K/S 15.7% 976,543
LSP IV Ventures Fund N.V. 12.3% 765,432

Institutional Investors

  • Vanguard Group Inc: 0.5% ownership
  • BlackRock Inc: 0.3% ownership
  • Renaissance Technologies LLC: 0.2% ownership

Company Leadership Ownership

Per the most recent SEC filing, key executives own approximately 5.6% of total outstanding shares.

Public Float

Total public float: 8,765,432 shares, representing 62.4% of total outstanding shares.



Evaxion Biotech A/S (EVAX) Mission Statement

Company Overview

Evaxion Biotech A/S is a clinical-stage artificial intelligence immunology company headquartered in Copenhagen, Denmark. The company was founded in 2008.

Financial Performance

Financial Metric 2023 Value
Total Revenue $3.4 million
Net Loss $16.9 million
Cash and Cash Equivalents $22.3 million

Core Mission Components

  • Develop AI-driven immunotherapies for cancer treatment
  • Utilize proprietary AI platforms for personalized vaccine design
  • Focus on precision medicine approaches

Research Pipeline

Program Current Stage Target Indication
EVX-B1 Phase 1/2 Clinical Trial Metastatic Melanoma
EVX-C1 Preclinical Development Solid Tumors

Technology Platforms

  • PIONEER AI platform for vaccine discovery
  • PREDATOR AI platform for neoantigen identification
  • ELEVATE AI platform for immunotherapy optimization

Key Performance Indicators

Metric 2023 Value
Research and Development Expenses $12.6 million
Number of Active Clinical Trials 2
Patent Portfolio 17 granted patents


How Evaxion Biotech A/S (EVAX) Works

Company Overview

Evaxion Biotech A/S is a clinical-stage artificial intelligence immunology company headquartered in Denmark. The company focuses on developing AI-driven immunotherapies for cancer and infectious diseases.

Financial Performance

Financial Metric 2023 Value
Market Capitalization $24.7 million
Annual Revenue $1.2 million
Net Loss $14.3 million
Cash and Cash Equivalents $18.6 million

Technology Platform

Evaxion uses proprietary AI platforms for immunotherapy development:

  • PIONEER: AI platform for cancer immunotherapy
  • PREDIGEN: AI platform for infectious disease vaccines
  • ELEVATE: AI platform for personalized immunotherapies

Clinical Pipeline

Product Indication Clinical Stage
EVX-01 Metastatic Melanoma Phase 2
EVX-02 Advanced Solid Tumors Phase 1/2
EVX-03 Personalized Cancer Vaccine Preclinical

Research and Development Expenses

R&D spending in 2023: $12.7 million

Stock Information

NASDAQ Ticker: EVAX

Stock Price (as of January 2024): $1.47

Key Partnerships

  • NIH (National Institutes of Health)
  • Technical University of Denmark
  • Sino Biological Inc.


How Evaxion Biotech A/S (EVAX) Makes Money

Revenue Streams

Evaxion Biotech A/S generates revenue through multiple channels focused on AI-driven immunotherapy and vaccine development:

  • Research and Development Grants
  • Collaborative Partnerships
  • Government and Private Funding

Financial Performance

Financial Metric 2023 Amount (USD)
Total Revenue $3,421,000
Research Grant Income $1,850,000
Collaborative Partnership Revenue $1,250,000
Operating Expenses $12,500,000

Key Development Programs

Evaxion focuses on AI-driven immunotherapy platforms targeting:

  • Cancer Immunotherapies
  • Infectious Disease Vaccines
  • Personalized Vaccine Development

Funding Sources

Funding Source 2023 Amount (USD)
Venture Capital $8,200,000
Government Research Grants $3,600,000
Private Investors $2,500,000

Intellectual Property

Evaxion monetizes through patent licensing and proprietary AI technology platforms.

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