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flag Merck pays $7.5M upfront to license Evaxion’s experimental bacterial vaccine, with up to $600M more in potential payments.

flag Evaxion has licensed its preclinical EVX-B3 vaccine candidate to Merck & Co. under a deal worth up to $600 million, including a $7.5 million upfront payment and potential milestone payments tied to development, approval, and sales, plus royalties. flag Merck will now fund all future development. flag The vaccine targets a bacterial pathogen linked to severe, recurring infections. flag The collaboration, begun in 2023, has expanded to include EVX-B2, a gonorrhea candidate, with a licensing decision expected by early 2026. flag The deal extends Evaxion’s cash runway into early 2027 and reflects strong market confidence in its AI-driven platform, boosting its shares 24% in premarket trading.

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