Inovio which was formerly Concord Energy, United Safety Technology, BTX Inc., Genetronics and numerous other names is really VGX Pharmaceuticals? Is that the brilliant spin? Let's sweep Inovio's sordid history under the rug and let's go with the thesis that Inovio is really VGX.
What do we know about VGX? It was founded in 2001 as Viral Genomix and then changed its name to VGX Phrmaceuticals. In 2005, Inovio acquired an equity interest in VGX. In 2007, VGX's lead drug, PICTOVIR a/k/a VGX-410c failed in P2 and further trials were discontinued. In 2009 Inovio held a 19.65% equity interest in VGX and the two companies agreed to merge.
VGX is what you are crowing about? You might have a better case arguing that Inovio is really Concord Energy.
Inovio now owns a 30% interest in VGX International, a company that was founded in Korea in 1976. Its lead drug for the swine flu is in P1. It has taken VGX 37 years to get a drug into P1. VGX and Inovio are a match made in heaven. When the swine flue makes a reappearance 40 years from now, it will be huge for INO!
In Oct. 2011, the following announcement was made:
" -- Inovio Pharmaceuticals, Inc. (NYSE Amex: INO), a leader in the development of synthetic vaccines against cancers and infectious diseases, announced today that it has entered into a product development collaboration agreement with its affiliate, VGX International Inc. (KSE:011000), to co-develop Inovio's SynCon® therapeutic vaccines for hepatitis B and C infections.
Under the terms of the agreement, VGX International will receive marketing rights for these vaccines in Asia, excluding Japan, and in return will fully fund IND-enabling and initial phase I and II clinical studies. Inovio will receive payments based on the achievement of clinical milestones and royalties based on sales in the licensed territories and retains all commercial rights in all other territories."
Thanks for taking the time to make a detailed criticism of INO. You did some basic research, but failed to get an understanding of the VGX/INO history. Let me give you a very quick reply. I am writing a more in depth history on INO for a post in a little while that will address your points directly. There are many holes in your time line and conclusions. I covered this in great detail back in Feb-Mar both here and on Ihub. You can also feel free to look up my interview with J. Kim from Feb. in which we cover the early days on VGX up to the INO takeover. My name on youtube is supereverywhereman if you really want detailed answers to your questions from both Joseph Kim and I.
Let's bury INO's sordid history, transformations, mutations and name changes as if though it never existed and began a new chapter with the VGX merger. Why should we do that?
Let's just evaluate Bernie Madoff's life during his tenure at NASDAQ and disregard everything else. Why should we do that?