Why Inovio Pharmaceuticals and Novavax Are Exploding Higher Today
Shares of the clinical-stage vaccine companies Inovio Pharmaceuticals (NASDAQ: INO) and Novavax (NASDAQ: NVAX) both jumped by as much as 18% in pre-market trading Monday morning. Inovio and Novavax appear to be getting a major boost this morning from the latest COVID-19 statistics, which seem to indicate that the outbreak is quickly turning into a global pandemic.
The big-ticket item is that Iran, Italy, and South Korea all saw a sharp rise in the number of COVID-19 cases over the weekend. Afghanistan, Egypt, and Lebanon also reported their first COVID-19 infections recently, implying that the virus is starting to spread across the globe.
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Source Fool.com
