That would put the company even further behind than it already is. The company does not yet have a marketable product.
The company garnered attention after it claimed to have created its candidate, DNA vaccine INO-4800, within three hours of receiving the genetic sequence of SARS-CoV-2 from a team of Chinese researchers.
Copyright © Will Ashworth has written about investments full-time since 2008. This wasn’t the first significant correction of INO stock in 2020. Connect with friends faster than ever with the new Facebook app. in five days of trading. All rights reserved. At the beginning of March, its shares fell 23% in five days of trading. However, there's no guarantee that any of them will pan out. As of June 30, Inovio has accumulated a net loss of $901 million since inception while generating limited grant and licensing revenue. Only now, its share price is lower than it’s been since the beginning of September, and June before that. Inovio expects to report early data from its Reveal 1 phase 3 study evaluating the drug in treating cervical dysplasia in the fourth quarter of this year.
Potential is not a promise -- regardless of the size of the possible gains from a safe and efficacious coronavirus vaccine. Inovio is no different. He particularly enjoys creating model portfolios that stand the test of time. That’s not a ringing endorsement, but given the high-stakes nature of these proceedings, it’s not as damaging as one might believe. Fast-forward 10 months, and it's clear that Inovio significantly lags behind peers such as Moderna, Pfizer, and AstraZeneca, who already have phase 3 clinical trials underway. That's not even enough to fund operations for a full year at the company's current rate of spending. I think you get my point. The stock might jump on the news the trial’s back on, but it would most certainly fall if it’s unable to proceed because of a lack of funding.
Should You Buy Inovio Pharmaceuticals Stock Right Now? “The Hollywood Blockbuster Deal” Goes Live Days From Now…. It is currently working on developing Syncon, a proprietary immunotherapy platform that effectively makes your immune system stronger. The Food and Drug Administration notified Inovio Pharmaceuticals (NASDAQ:INO) on Sept. 28 that it had additional questions about the company’s planned Phase 2/3 trial of INO-4800, the company’s novel coronavirus vaccine, and its CELLECTRA 2000 delivery device.
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Inovio has inexplicably not published its phase 1 results in any peer-reviewed scientific journals, despite releasing them to the public around the same time as its competitors. The dip in Inovio’s price represents a fabulous buying opportunity for investors.
Inovio recently received a green light from the U.S. Food and Drug Administration (FDA) to begin evaluating INO-3107 in a phase 1/2 clinical trial for treating recurrent respiratory papillomatosis (RRP).
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