Cumulative Growth of a $10,000 Investment in Stock Advisor, Citron Research Goes After Inovio Pharmaceuticals @themotleyfool #stocks $INO, These 3 Popular Stocks Are More Trick Than Treat, Why Coronavirus Vaccine Stocks Moderna, Novavax, and Inovio Are Sinking Today, Investors Betting on a Coronavirus Vaccine Better Know Who Gets First Dibs in Global Pact.
Although still highly experimental, these types of treatments are supposed to be faster and more efficient than their DNA-based counterparts. Of course, these are exceptional circumstances right now, and with COVID-19 showing little sign of slowing down, it's understandable why everyone's paying attention to this stock. The reports are the property of the applicable Citron Entity that published that report. %PDF-1.6 %����
We are proud to be at the forefront of this potential game-changing approach to defeating cancer.”, SUBSCRIBE FOR UPDATES FROM INOVIO Register to receive email alerts for INOVIO press releases.
If you’re unfamiliar, Theranos was a … This is much lower than the $2.5 million in revenue seen last year.
Let's conquer your financial goals together...faster. © Copyright 2020 INOVIO Pharmaceuticals. endstream endobj 165 0 obj <. Inovio's shares plunged by more than 30% on the heels of Citron Research's tweet. Inovio also reaffirmed its claim that it had created a potential vaccine for COVID-19 within three hours after the genetic sequence of SARS-CoV-2 was made public. Citron Research Goes After Inovio Pharmaceuticals The activist short-seller is highly skeptical about the biotech's claims regarding its ongoing development of a coronavirus vaccine. We are grateful for their guidance and rapid response as we develop our COVID-19 DNA vaccine, in particular as we advance from funding to initiation of our first-in-human trial in ten weeks, a major milestone for INOVIO and our collaborators.”, TIMOTHY HERRING, MPHSenior Epidemiologist, “Our team at INOVIO is working tirelessly to not only keep pace with the spread of the virus that causes COVID-19, but also to stay focused on other viruses such as high risk HPV, which is responsible for 70% of cervical cancer, 91% of anal cancer, and 69% of vulvar cancer.
L:�I0� &M�����`]j �����?�`�� ��/����@�m �p���lB����� 2e1��+�������l� ���� �>� The real issue is Inovio's cash position. We will not rest until we deliver on this potential.”, JEFFREY SKOLNIK, M.D.VICE PRESIDENT, CLINICAL DEVELOPMENT, “Our goal at INOVIO is to drive the development of DNA medicines as a new way to effectively and safely treat or prevent cancers from destroying lives. Citron Research then went even further, warning investors that the stock would fall back to $2, and called for the Securities and Exchange Commission to investigate Inovio and suspend trading of its stock. Returns as of 11/04/2020.
477 0 obj <>/Filter/FlateDecode/ID[<3EE8E954AFC36A4089B39E08F396534E><01543DECC1F83940B7E629109EDEA238>]/Index[442 58]/Info 441 0 R/Length 149/Prev 781401/Root 443 0 R/Size 500/Type/XRef/W[1 3 1]>>stream However, not everyone believes that Inovio was able to create INO-4800 (its candidate vaccine) so rapidly. Regardless, Inovio is still a largely unprofitable stock with a small cash position that would otherwise be a little alarming for a normal biotech company. @themotleyfool #stocks $INO $MRNA, These 3 Popular Stocks Are More Trick Than Treat, Why Coronavirus Vaccine Stocks Moderna, Novavax, and Inovio Are Sinking Today, Investors Betting on a Coronavirus Vaccine Better Know Who Gets First Dibs in Global Pact. Stock Advisor launched in February of 2002.
While it does have a vaccine candidate against Zika, there are quite a few differences between COVID-19 and Zika, including the means of transmission (Zika is spread primarily via mosquito bites). However, Citron Research singled out Inovio on Monday, claiming that the biotech company should be investigated by the Securities and Exchange Commission (SEC) for some of these claims.
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