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VBI Vaccines Inc
160 Second Street, Cambridge
Phone: (617) 830-3031p:617 830-3031 CAMBRIDGE, MA  02142  United States Ticker: VBIVQVBIVQ

Filed for Protection from its Creditors under the Companies' Creditors Arrangement Act (Canada) on 7/29/2024
On 7/29/2024, VBI Vaccines Inc. and its subsidiaries: VBI Vaccines (Delaware) Inc., SciVac Ltd., SciVac Hong Kong Ltd., VBI Vaccines B.V., Variation Biotechnologies (US) Inc., and Variation Biotechnologies Inc filed with the Ontario Superior Court of Justice (Commercial List) (The “Court”) for protection from its creditors under the Companies’ Creditors Arrangement Act (CCAA)
Ernst & Young Inc. was appointed as the monitor of the Company
On 7/30/2024, VBI Vaccines Inc filed a Chapter 15 Bankruptcy Petition #24-11625 in the U.S. Bankruptcy Court for the District of Delaware in order to gain recognition of its CCAA proceedings dated 7/29/2024

Business Summary
VBI Vaccines Inc. is a commercial-stage biopharmaceutical company. Through its approach to virus-like particles (VLPs), including an enveloped VLP (eVLP) platform technology and a proprietary mRNA-launched eVLP (MLE) platform technology, the Company develops vaccine candidates that mimic the natural presentation of viruses, designed to elicit the innate power of the human immune system. The Company is focused on targeting and overcoming significant infectious diseases, including hepatitis B (HBV), coronaviruses, and cytomegalovirus (CMV), as well as aggressive cancers including glioblastoma (GBM). Its product pipeline includes an approved vaccine and multiple late- and early-stage investigational programs. PreHevbrio is its approved vaccine for hepatitis B. Its Prophylactic Candidates for coronavirus disease include VBI-2901, VBI-2905, VBI-2902, and others. VBI-1501 is its Prophylactic Candidate for cytomegalovirus. VBI-2601 and VBI-1901 are the therapeutic candidates for HBV and GBM.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
3/31/202412/31/2023YesYes---

Industries
SIC Code Description
8731 Commercial physical and biological research

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Independent Chairman of the Board Steven H.Gillis 71 5/1/2016 5/1/2016
President, Chief Executive Officer, Director Jeffrey R.Baxter 62 5/1/2016 5/1/2016
Chief Financial Officer, Director, Head of Corporate Development NellBeattie 36 4/10/2023 9/1/2017
8 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
VBI Vaccines B.V. Delflandlaan 1, Queens Tower Amsterdam Netherlands
Valley High Ventures Ltd 625 Howe St Suite 1280 VANCOUVER BC Canada
SciVac Ltd. Gad Feinstein Rd. Rehovot IL United States
3 additional Subsidiary records available in full report.

Business Names
Business Name
SciVac Hong Kong Ltd.
SciVac Ltd.
VAC
9 additional Business Names available in full report.

General Information
Number of Employees: 131 (As of 12/31/2023)
Outstanding Shares: 28,682,275 (As of 5/15/2024)
Shareholders: 247
Stock Exchange: OTC
Fax Number: +972 89480660


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Wednesday, November 20, 2024