By Brad Sorensen, CFA
READ THE FULL EVAX RESEARCH REPORT
Evaxion (NASDAQ:EVAX) is a clinical stage company that is making AI useful in the current environment by using the technology to develop new cancer-fighting vaccines. The company notes that it has demonstrated that it can identify, through the company’s AI models, novel targets within days, rather than the traditional years it commonly takes with standard drug discovery methods. The use of AI also allows the company to decrease the risk of failure as the technology filters out those results that may result in low efficacy or unacceptable toxicity.
The company announced that its ongoing Phase 2 trial of its personalized cancer vaccine, EVX-01, triggered a 79% tumor-specific response, a substantial increase from the 58% response rate seen in the Phase I trial. As we’ve talked about in previous reports, the AI-Immunology platform of Evaxion showed the promise of improving treatment for patients by being able to “learn” from previous trials and improve upon the treatment as it moves along the approval process. This result is further confirmation of the vast potential that this platform has and illustrates why we continue to have a very positive view on the company.
Specifically in the case of EVX-01, these results, in our view, greatly improve the chance that the treatment will be able to make in through the approval process and reach commercialization stage. Immune responses to such treatments are looked at closely by regulators and these results, according to the company, compare favorably to other personalized cancer neoantigen trials.
It is results like these that continue to excite us about the investment opportunities offered by EVAX. In our view, this is the tip of the iceberg of what the AI platforms developed by Evaxion can achieve and positive news will continue to come out as we move forward. We suggest investors investigate EVAX further and consider investing, as we believe the company is at an inflection point that is the start of sustained uptrend.
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