Why Inovio Stock Is Jumping Today

Shares of Inovio Pharmaceuticals (NASDAQ: INO) were jumping 8.1% higher as of 12:53 p.m. EDT on Monday. The nice gain came after the company announced that it has received regulatory allowances to begin two clinical trials evaluating experimental COVID-19 vaccine INO-4800 in China.

Inovio said that China's Center for Drug Evaluation of the National Medical Products Administration gave the green light for two clinical studies featuring INO-4800. Both studies will test Inovio's vaccine as a booster to Sinovac's CoronaVac.

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Source Fool.com