GNW-Adhoc: Evaxion’s AI technology identified in phase I clinical trial of EVX-01 with longer progression-free survival of melanoma patients…

^* The EVX-01 Personalized Cancer Vaccine Clinical Trial has the

met primary endpoints of safety and tolerability

* 8 of 12 patients treated with EVX-01 had positive clinical

reactions detected

* High quality neoantigens predicted by AI technology,

were associated with longer progression-free survival

* All 12 patients treated with EVX-01 developed strong

Vaccine-specific immune responses triggered

* A higher dose of EVX-01 elicited a stronger immune response and was associated with

associated with a better clinical outcome

COPENHAGEN, Denmark, June 04, 2023 (GLOBE NEWSWIRE) — Evaxion Biotech A/S

(NASDAQ: EVAX) (“Evaxion” or the “Company”), a clinical stage

active biotechnology company focused on the development of AI-based

immunotherapies, presented today at the ASCO Annual Meeting

2023 in Chicago, Illinois, promising clinical data from its Phase I

Dose escalation study of EVX-01 in metastatic melanoma.

In the phase I study, the primary endpoints for safety and

Tolerability of EVX-01 in patients with metastatic melanoma successful

achieved and positive clinical results in 8 of 12 (67%) treated patients

reactions detected. In addition, the company’s own AI

Evaxion’s PIONEER(TM) technology high-value cancer vaccine targets, so-called

Identify neoantigens, those associated with longer progression-free survival

keep in touch.

?We are excited that our AI technology effectively targets vaccine neoantigens

could identify those with a better clinical response and a

longer progression-free survival. And the data suggests

indicated a treatment effect with response rates nearly twice that of

observed in historical data for checkpoint inhibitors. The

The results of this study put us in a good position to

Patients who benefit from personalized cancer immunotherapy,

to identify prospectively for our upcoming studies, reducing the benefit

potentially even greater for patients,” said Per Norlén, Chief

Executive Officers of Evaxion.

The study showed that the PIONEER(TM) platform is able to

Identify vaccine targets that are associated with improved patient outcomes

are connected. Stratification using the PIONEER(TM) scores exceeded the

Tumor mutational burden as a predictive biomarker, with patients having high-grade

Neoantigens better response to treatment and longer

showed progression-free survival.

The evaluation of the treatment-related immune reactions revealed that all 12

Patients experienced strong neoantigen T cell responses in all cases

activated CD4+ T cells and in 7 of 12 patients by CD8+ T cells

were mediated. In addition, the magnitude of the immune response correlated with the

vaccine dose.

?The positive association between clinical outcome and prevalence

immunogenic cancer neoantigens validates the PIONEER(TM) platform for use

for personalized cancer vaccines and underscores the importance of a

robust AI system for the development of neoantigen vaccines. also was

the dose-dependent increase in responses critical to dose selection

in phase II of the ongoing clinical study. We have great expectations of them

pending phase II interim results to be presented later this year

should be,” continues Per Norlén.

About the Phase I study of EVX-01

The open-label, single-arm, single-center, phase I study, entitled

?Personalized neo-antigen vaccine in advanced solid tumors

(NeoPepVac)” (Identifier on ClinicalTrials.gov: NCT03715985

(https://clinicaltrials.gov/ct2/show/NCT03715985?term=NCT03715985&draw=2&rank=1))

was developed in collaboration with the DTU, the SSI, the Center for Genomic Medicine

carried out at the Rigshospitalet and the CCIT-DK and should ensure safety and

Efficacy of the EVX-01 vaccine in combination with anti-PD1 (Pembrolizumab

or nivolumab) in patients with metastatic melanoma. The design

consisted of several 15-27mer peptides containing one or more

contain patient-specific neoantigens and with the novel liposomal

adjuvant CAF®09b to enhance the immune response. The

primary objective was to assess the safety and tolerability of the combination of EVX-

01 and a checkpoint inhibitor. Other goals were

Evaluation of the manufacturing possibilities, the immune reactions and the clinical ones

Effectiveness.

About Evaxion Biotech

Evaxion Biotech A/S is a clinical stage company

Biotechnology company focused on harnessing the power of

to use artificial intelligence to boost the human immune system

decode and immunotherapies for cancer, bacterial diseases and

develop viral infections. With its proprietary AI platform

PIONEER(TM) Evaxion aims to revolutionize cancer care by delivering unique

and immunogenic neoantigens identified and individualized therapies

developed. The company’s goal is to make the life of

Cancer patients with unmet clinical needs through innovative and targeted

improve treatment options. For more information about Evaxion

Biotech and the breakthrough personalized cancer immunotherapies des

company, please visit www.evaxion-biotech.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of

Section 27A of the Securities Act, 1933, as amended; and

Section 21E of the Securities Exchange Act of 1934 as amended

version. The words “goal”, “believe”, “expect”, “hope”, “aim”,

“intend”, “may”, “could”, “anticipate”, “consider”, “continue”,

?estimate”, ?plan”, ?potential”, ?predict”, ?project”, ?will”,

“may have”, “probably”, “should”, “would” and other words and

Words of similar import identify forward-looking statements. The

actual results may differ materially due to various factors

differ from those contained in such forward-looking statements,

including, but not limited to, risks related to: our

financial condition and need for additional capital; our development work;

the cost and success of our product development activities; and

preclinical and clinical studies; the commercialization of one

approved pharmaceutical product made using our AI

Platform technology was developed, including speed and

the level of market acceptance of our product candidates; our dependence on

Third parties, including conducting clinical trials and the

product manufacturing; our inability to form partnerships; state

Regulation; protecting our intellectual property rights;

employee matters and growth management; our ADSs and common stock,

the impact of international economic, political, legal,

Compliance, social and business factors, including inflation

and the impact of the global COVID-19 pandemic and the ongoing

conflict in the region around Ukraine and Russia on our business as well

other uncertainties affecting our business and financial condition

influence. For a further discussion of these risks, see the

Risk factors discussed in our most recent Annual Report on Form 20-F and

other filings with the US Securities and Exchange Commission (SEC).

Included are documents available at www.sec.gov (http://www.sec.gov/).

are.?We assume no obligation to update any forward-looking statements

update unless required by law.

°

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