The following is a summary of the Evaxion Biotech A/S (EVAX) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Evaxion Biotech reported a net loss of $22.1 million in 2023, a slight reduction compared to the previous year.

• Cash and cash equivalents as of year-end were $5.6 million with these funds projected to last until February 2025.

• The company's R&D expenses dipped by 30% compared to 2022 to $11.9 million.

• Furthermore, the company carried a debt of a $7 million EIB loan set to mature in Q1 2028.

Business Progress:

• Evaxion has reached significant milestones in its R&D ventures and business strategy, most notably in the MSD vaccine collaboration and progress on its precision vaccine project.

• Its Phase 2 trials for the EVX-01 personalized cancer vaccine have produced encouraging initial data.

• The company is also developing a precision-based cancer vaccine with the next milestone of preclinical proof-of-concept slated for Q4 2024.

• Evaxion has an upcoming product, the EDEN version 5.0 AI model. This could enhance their predictive capabilities for discovering novel vaccines for infectious diseases.

• In its preclinical work, Evaxion sees positive prospects in ERVs related to future cancer vaccines, and it continues to refine predictive tools for patient responses to checkpoint inhibitors.

More details: Evaxion Biotech IR

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