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VBI Vaccines Inc/BC
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2023-07-19
2023-07-19
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of report (Date of earliest event reported): July 19, 2023
VBI
VACCINES INC.
(Exact
name of registrant as specified in its charter)
British
Columbia, Canada |
|
001-37769 |
|
N/A |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
160
Second Street, Floor 3
Cambridge,
Massachusetts |
|
02142 |
(Address
of principal executive offices) |
|
(Zip
Code) |
(617)
830-3031
(Registrant’s
telephone number, including area code)
N/A
(Former
Name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of exchange on which registered |
Common
Shares, no par value per share |
|
VBIV |
|
The
NASDAQ Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
8.01 Other Events.
On
July 19, 2023, VBI Vaccines Inc. issued a press release announcing that PreHevbri® [Hepatitis B vaccine (recombinant, adsorbed)]
is now available in the Netherlands and Belgium for active immunization against infection caused by all known subtypes of the hepatitis
B virus (HBV) in adults. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated
by reference herein.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
VBI
Vaccines Inc. |
|
|
|
Date:
July 19, 2023 |
By:
|
/s/
Jeffrey R. Baxter |
|
|
Jeffrey
R. Baxter |
|
|
President
and Chief Executive Officer |
Exhibit
99.1
![](https://www.sec.gov/Archives/edgar/data/764195/000149315223024883/ex99-1_001.jpg)
VBI Vaccines Announces
PreHevbri® is Now Available in the Netherlands and
Belgium for the Prevention of Hepatitis B in Adults
|
● |
PreHevbri®
is the only approved 3-antigen hepatitis B vaccine for adults in the Netherlands and Belgium |
|
● |
Product to be launched via marketing and distribution partner, Valneva |
CAMBRIDGE, Mass. (July 19,
2023) – VBI Vaccines Inc. (Nasdaq: VBIV) (VBI), a biopharmaceutical company driven by immunology in the pursuit of powerful
prevention and treatment of disease, today announced that PreHevbri® [Hepatitis B vaccine (recombinant, adsorbed)] is now available
in the Netherlands and Belgium for active immunization against infection caused by all known subtypes of the hepatitis B virus (HBV) in
adults. It can be expected that hepatitis D will also be prevented by immunization with PreHevbri as hepatitis D (caused by the delta
agent) does not occur in the absence of hepatitis B infection. As part of the marketing and distribution partnership announced in September
2022, PreHevbri will be available in the Netherlands and Belgium through Valneva’s existing commercial infrastructure and distribution
networks.
Jeff Baxter, President and CEO
of VBI, commented: “We are excited to announce the launch of PreHevbri in the Netherlands and Belgium through our partnership with
Valneva. Over the next several months, we expect to continue to expand global access to PreHevbri with additional market launches as we
work to make an impact in the fight against hepatitis B worldwide.”
About Hepatitis B
Hepatitis B is one of the world’s
most significant infectious disease threats with more than 290 million people infected globally. HBV infection is the leading cause of
liver disease and, with current treatments, it is very difficult to cure, with many patients going on to develop liver cancers. An estimated
900,000 people die each year from complications of chronic HBV such as liver decompensation, cirrhosis, and hepatocellular carcinoma.
About PreHevbri® [Hepatitis
B vaccine (recombinant, adsorbed)]
PreHevbri is the only 3-antigen
hepatitis B vaccine, comprised of the three hepatitis B surface antigens of the hepatitis B virus – S, pre-S1, and pre-S2. It is
approved for use in the European Union/European Economic Area, United Kingdom, United States, Canada, and Israel. The brand names for
this vaccine are: PreHevbri® (EU/EEA/UK), PreHevbrio® (US/Canada), and Sci-B-Vac® (Israel).
Full European Summary of Product
Characteristics for PreHevbri is available from the EMA website at www.ema.europa.eu.
About VBI Vaccines Inc.
VBI Vaccines Inc. (“VBI”)
is a biopharmaceutical company driven by immunology in the pursuit of powerful prevention and treatment of disease. Through its innovative
approach to virus-like particles (“VLPs”), including a proprietary enveloped VLP (“eVLP”) platform technology,
VBI develops vaccine candidates that mimic the natural presentation of viruses, designed to elicit the innate power of the human immune
system. VBI is committed to targeting and overcoming significant infectious diseases, including hepatitis B, coronaviruses, and cytomegalovirus
(CMV), as well as aggressive cancers including glioblastoma (GBM). VBI is headquartered in Cambridge, Massachusetts, with research operations
in Ottawa, Canada, and a research and manufacturing site in Rehovot, Israel.
Website
Home: http://www.vbivaccines.com/
News
and Resources: http://www.vbivaccines.com/news-and-resources/
Investors:
http://www.vbivaccines.com/investors/
Cautionary Statement
on Forward-looking Information
Certain statements in this press
release that are forward-looking and not statements of historical fact are forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995 and are forward-looking information within the meaning of Canadian
securities laws (collectively, “forward-looking statements”). The Company cautions that such forward-looking statements involve
risks and uncertainties that may materially affect the Company’s results of operations. Such forward-looking statements are based
on the beliefs of management as well as assumptions made by and information currently available to management. Actual results could differ
materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, the
impact of general economic, industry or political conditions in the United States or internationally; the impact of the COVID-19 pandemic
and the continuing effects of the COVID-19 pandemic on our clinical studies, manufacturing, business plan, and the global economy; the
ability to successfully manufacture and commercialize PreHevbrio/PreHevbri; the ability to establish that potential products are efficacious
or safe in preclinical or clinical trials; the ability to establish or maintain collaborations on the development of pipeline candidates
and the commercialization of PreHevbrio/PreHevbri; the ability to obtain appropriate or necessary regulatory approvals to market potential
products; the ability to obtain future funding for developmental products and working capital and to obtain such funding on commercially
reasonable terms; the Company’s ability to manufacture product candidates on a commercial scale or in collaborations with third
parties; changes in the size and nature of competitors; the ability to retain key executives and scientists; and the ability to secure
and enforce legal rights related to the Company’s products. A discussion of these and other factors, including risks and uncertainties
with respect to the Company, is set forth in the Company’s filings with the SEC and the Canadian securities authorities, including
its Annual Report on Form 10-K filed with the SEC on March 13, 2023, and filed with the Canadian security authorities at sedar.com on
March 13, 2023, as may be supplemented or amended by the Company’s Quarterly Reports on Form 10-Q. Given these risks, uncertainties
and factors, you are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by
this cautionary statement. All such forward-looking statements made herein are based on our current expectations and we undertake no duty
or obligation to update or revise any forward-looking statements for any reason, except as required by law.
VBI Contact
Nicole Anderson
Director, Corporate Communications
& IR
Phone: (617) 830-3031 x124
Email: IR@vbivaccines.com
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