Why Inovio Stock Is Jumping Today
Shares of Inovio Pharmaceuticals (NASDAQ: INO) were jumping 5.9% higher as of 11:07 a.m. EDT on Thursday after rising as much as 13.6% earlier in the session. The big gain came following Inovio's announcement that Brazilian regulators authorized the initiation of a phase 3 clinical study of COVID-19 vaccine candidate INO-4800.
Inovio had previously announced in June that it was expanding a partnership with Advaccine Biopharmaceuticals Suzhou to conduct global phase 3 studies evaluating INO-4800. The company said at the time that the late-stage testing would primarily be done in Latin America and Asia.
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