Evaxion shares are trading higher after the company said its melanoma trial met its primary endpoints.
Portfolio Pulse from Benzinga Newsdesk
Evaxion Biotech's melanoma trial met its primary endpoints, leading to a surge in the company's share prices.
June 05, 2023 | 11:49 am
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Evaxion Biotech's shares are trading higher after the company announced its melanoma trial met its primary endpoints.
The successful melanoma trial results indicate that Evaxion Biotech's product is effective, which can lead to increased investor confidence and demand for the stock. This directly impacts the stock price, causing it to rise in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100