Vaxxas announces that MSD exercises option to apply novel immune system activation platform for vaccine candidate

Brisbane, Queensland, Australia – 29 May 2020 – Vaxxas, a biotechnology company commercializing a novel vaccination platform, today announced that MSD, the tradename of Merck & Co., Inc., Kenilworth, NJ USA, has exercised its option to utilize Vaxxas’ proprietary High Density Microarray Patch (HD‐MAP) platform for a vaccine candidate. MSD also retains an option to license the HD‐MAP technology for two additional vaccines.

“We are excited by this latest milestone in our collaboration with MSD, an early adopter of our novel HD‐MAP platform,” stated Vaxxas’ Chief Executive Officer, David L. Hoey. “With their strong legacy of vaccine development MSD is a tremendous partner in our efforts to enhance the efficiency, effectiveness, and reach of vaccination.”

Under the collaboration agreement, originally signed in 2012, through the exercise of this option MSD gains exclusive worldwide rights to develop and commercialize an undisclosed vaccine utilizing Vaxxas’ HD‐MAP technology. Vaxxas will receive US$12 million (A$18 million) in a combination of equity funding and option fees associated with the agreement. In addition, Vaxxas is eligible to receive future option, development, and commercial milestone payments. MSD will fund any requested additional research activities conducted by Vaxxas and is responsible for clinical development.

“We are pleased with the progress seen to date in our collaboration with Vaxxas and look forward to advancing the first candidate towards clinical development,” said Daria Hazuda, Vice President Infectious Diseases and Vaccines Discovery at MSD and chief scientific officer MSD Exploratory Science Centre.

About Vaxxas

Vaxxas is a privately held biotechnology company focused on enhancing the performance of existing and next‐generation vaccines with its proprietary HD‐MAP technology platform, which uses an ultra‐high density array of projections – invisible to the naked human eye – applied to the skin to rapidly deliver vaccine to the abundant immune cells immediately below the skin surface. This approach can enhance efficiency and effectiveness of immune response. Vaxxas uses proprietary dry‐coating technology that can eliminate or significantly reduce the need for vaccine refrigeration during storage and transportation – easing the resource and logistics burden of maintaining the “cold chain.” Leveraging the potent immunogenic response and thermostability of HD‐MAP, Vaxxas is targeting initial applications in infectious disease and oncology.

Vaxxas core technology was developed at the University of Queensland. The company was founded with the completion of an initial equity financing led by OneVentures Innovation Fund I with co‐investors Brandon Capital, the Medical Research Commercialisation Fund (MRCF), and US‐based HealthCare Ventures, followed by a further financing led by OneVentures.

OneVentures Innovation Fund I and the MRCF are supported by the Australian Government’s Innovation Investment Fund (IIF) program. The IIF is an Australian Government venture capital initiative that provides investment capital and managerial expertise through licensed venture capital fund managers to investee companies. Learn more at‐ and

Media contacts
Michaella Porter, WE Communications
Ph: +61 488 217 191
Amy Miller, WE Communications
Ph: +61 431 072 422

Posted in — Media Release

You may also like

12 December 2013

Hatchtech receives FDA special protocol agreement of DeOvo™ phase III studies and strengthens patent portfolio

05 February 2018

OneVentures’ Investee Smart Sparrow Secures Strategic Investment from Global Education Leader

31 October 2013

Hatchtech completes $12.5M capital raise, secures funds for phase III trial and NDA submissions, and announces board changes

26 March 2015

Hatchtech Pty Ltd to explore strategic alternatives for commercialization of Xeglyze™ lotion in the U.S.

03 September 2012

Hatchtech announce successful End-of-Phase 2 for head lice product DeOvo™

16 September 2018

VC-backed women’s health company Madorra to begin clinical trials in Australia

View All

Ventured. Gained.

Subscribe to our Newsletter for the latest updates from 1V.

decor decor decor
decor decor decor decor decor