Here's Why Inovio Pharmaceuticals Stock Jumped Today
Shares of Inovio Pharmaceuticals (NASDAQ: INO), a clinical-stage biopharmaceutical, jumped on Monday after the company initiated a clinical trial with an experimental COVID-19 vaccine. Hopeful investors drove the stock 9.2% higher as of 3:07 p.m. EST on Monday.
Today, the Food and Drug Administration accepted Inovio's application to run clinical trials with INO-4800, an experimental DNA vaccine designed to prevent transmission of SARS-CoV-2, the virus responsible for COVID-19. The green light from the agency allows Inovio to begin a phase 1 clinical trial that will enroll up to 40 healthy volunteers.
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Source Fool.com