|Bid||0.00 x 800|
|Ask||0.00 x 1000|
|Day's Range||55.06 - 55.72|
|52 Week Range||36.15 - 64.94|
|Beta (5Y Monthly)||0.26|
|PE Ratio (TTM)||67.66|
|Forward Dividend & Yield||1.40 (2.53%)|
|Ex-Dividend Date||Aug 13, 2020|
|1y Target Est||56.65|
Inovio Pharmaceuticals Inc expects its experimental COVID-19 vaccine to enter mid-to-late stage study in September and secure U.S. emergency use authorization sometime in 2021, the U.S. vaccine developer said on Monday. The Plymouth Meeting, Pennsylvania-based company had previously said it would begin mid-stage human studies for the vaccine candidate, INO-4800, this summer. Inovio is in active talks with the U.S. Food and Drug Administration and awaits the agency's approval to begin Phase 2/3 study in September, a company executive said during a post-earnings conference call.
AstraZeneca has entered into an agreement with Shenzhen Kangtai Biological Products to manufacture and supply its coronavirus vaccine candidate, AZD1222, in mainland China.Under the terms of the exclusive cooperation agreement, Shengzhen Kangtai Bio commits to ensure annual production capacity of at least 100 million doses of AstraZeneca (AZN) potential vaccine AZD1222 by the end of this year. To meet the needs of the Chinese market, the Chinese vaccine maker needs to boost capacity to at least 200 million doses by the end of 2021, according to the agreement.The two partners said that they will explore the possibility of cooperation in other regions and markets.AstraZeneca, which is developing AZD1222 together with Oxford University, has in recent weeks signed supply chain agreements for the capacity to produce 2 billion doses of its vaccine candidate. The British drugmaker has inked supply deals with the U.S. and European Union countries. Late-stage Phase II/III trials are currently underway in the UK, Brazil and South Africa and are due to start in the US, AstraZeneca said.AZD1222 is one of several vaccine candidates supported by Operation Warp Speed (OWS), the U.S. government program to accelerate the development, manufacturing, and distribution of COVID-19 vaccines available for Americans by Jan. 2021.AstraZeneca shares have advanced 11% this year as the drugmaker joined the list of companies engaged in the development of a potential coronavirus vaccine. Looking ahead, the $81.84 average analyst price target puts the upside potential at a promising 48% in the coming 12 months.Overall, the stock scores a Strong Buy consensus from the analyst community based on 3 unanimous Buy ratings. (See AstraZeneca stock analysis on TipRanks)Related News: Amarin’s Vascepa To Take Part In Covid-19 Study In Adults With Heart Disease Moderna Secures $400M In Deposits For Supply Of Covid-19 Vaccine Candidate Eli Lilly, Innovent Deliver Encouraging Lung Cancer Data For Sintilimab More recent articles from Smarter Analyst: * JMP Securities Lifts Zillow PT On Strong 2Q * Wedbush Lifts Apple's PT To ‘Street High’ * PTC Therapeutics Scores Early FDA Nod For Evrysdi; Analyst Stays Sidelined * Pfizer Inks Deal To Manufacture Gilead’s Covid-19 Remdesivir Treatment
89% of the S&P 500’s market cap have already reported second-quarter results. Moderna, Pfizer, and AstraZeneca’s efforts to develop a Covid-19 vaccine enter Phase 3. And Apple splits its stock.