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Why Inovio's Stock Is Trading Higher Today

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Inovio Pharmaceuticals Inc (NASDAQ: INO) is trading higher Thursday after the company announced it received regulatory authorization from Brazil's ANVISA to initiate the global Phase 3 segment of its Phase 2/3 trial for INO-4800, its DNA vaccine candidate for COVID-19.

The global Phase 3 segment of the Phase 2/3 clinical trial will evaluate the efficacy of INO-4800 in a two-dose regimen.

Inovio said the primary endpoint of the case-driven Phase 3 trial is virologically confirmed COVID-19.

"Inovio's focus on supporting the global response to the pandemic is unwavering – and will bring forward the potential advantages of INO-4800, which in addition to being well-tolerated with balanced neutralizing antibodies and T cell responses, has a strong thermostability profile and potentially offers the ability to serve as both a primary as well as a booster vaccine," said Joseph Kim, president and CEO of Inovio.

Inovio is a U.S.-based biotechnology company that develops active DNA-based immunotherapies and vaccines to treat and prevent cancers and other infectious diseases.

INO Price Action: Inovio has traded as high as $19 and as low as $5.81 over a 52-week period.

At last check Thursday, the stock was up 8.18% at $9.13.

Photo: courtesy of Inovio.

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