Merck Exercises Option to In-License Evaxion’s EVX-B3 Vaccine Candidate
Merck’s September 2025 option to in-license Evaxion’s EVX-B3 AI vaccine candidate lifted Evaxion shares and supported investor optimism. Argus also raised Merck’s price target as the company absorbed a large R&D charge tied to the Terns Pharmaceuticals acquisition but increased full-year sales guidance. The scale is positioned to help fund early partners like Evaxion.