Inovio Shares Rise On Positive Data For Coronavirus Vaccine Candidate That's Stable At Room Temps

News, market analysis, investment scam prevention tips and more ✔️ Your source for latest asset management news and information. This magazine is crafted specifically for those who are interested in diving into the global asset management world. Inovio Pharmaceuticals Inc (NASDAQ:INO) shares were trading higher Thursday after the company released positive Phase 1 data on to its COVID-19 DNA vaccine candidate.What Happened: On Wednesday, Inovio published a paper including Phase 1 data on INO-4800, which was found to have been immunogenic in all test subjects. In addition, Phase 1 testing generated no serious adverse safety events and only six Grade I adverse events, which were mostly minor injection site reactions. Related Link: Why A COVID-19 Vaccine Makes General Electric's Stock 'More Investable' Why It’s Important: Inovio’s INO-4800 coronavirus vaccine candidate didn’t come close to winning the race to market given that vaccines from Pfizer Inc. (NYSE:PFE) and Moderna Inc (NASDAQ:MRNA) are already authorized by the FDA. Yet Moderna’s vaccine must be stored and transported at temperatures of negative 20 Celsius, and Pfizer’s vaccine must be stored and transported at temperatures of negative 70 Celsius, colder than winter temperatures in Antarctica. INO-4800, on the other hand, is stable at room temperature for more than one year. It also doesn’t need to be frozen during transporter storage, potentially making it faster and more cost-effective to distribute. Inovio shares are up 205% year-to-date but have declined 53.3% in the last six months as competing vaccine candidates To keep reading about Inovio Shares Rise On Positive Data For Coronavirus Vaccine Candidate That's Stable At Room Temps, Click on the link. Seoul, Korea
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