INO Stock News: Inovio Pharmaceuticals Inc continues to plunge as investors abandon ship


  • NASDAQ:INO drops a further 3.08% as the stock continues to slip.
  • Inovio’s vaccine candidate INO-4800 continues to be held up by an FDA investigation.
  • Inovio does have two other products that are making their way through clinical trials.

NASDAQ:INO has fallen for the fourth time in the last five days as the once darling of the coronavirus pandemic, has hit some turbulence over the last month. Shares are now down 67% from the 52-week highs of $33.79, as fading optimism of the biotech firm’s COVID-19 vaccine candidate have caused investors to up and leave. The stock has slipped over 30% since the FDA halted its clinical trials, and until we see any progress with a decision, the price could fall even further in the short-term.

While the halting of the clinical trials for INO-4800 and the delivery device CELLECTRA 2000 is the main catalyst for the slump of the stock, it should be noted that Inovio has several other products coming down the pipeline that could give investors some optimism. A treatment for HPV related cervical dysplasia, called VGX-3100 is in a late-stage clinical trial and Inovio is anticipated to announce the results by the end of 2020. Inovio also has MEDI0457, which is a treatment for HPV related cancer, and several other treatments for various infectious diseases and cancers. 

Inovio Pharmaceuticals Stock 

INO stock price chart

INO-4800 is getting the most publicity because of the excitement surrounding Operation Warp Speed and the race for the COVID-19 vaccine. If this is taken off the table by the FDA, most investors will lose interest in Inovio but as we can see, it is far from a one-trick pony. Still, with Inovio’s spotty track record regarding successful treatments, it is hard to see shares of the Pennsylvania company returning to its previous levels anytime soon. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

GBP/USD hits new 2020 high near 1.35 on Brexit hopes

GBP/USD is rising toward 1.35, the highest since December 2020, shrugging off Brexit concerns. France may reportedly veto a deal if it sees too many compromises from the EU. The final US Services PMI met estimates.

GBP/USD News

EUR/USD holds onto 32-month highs after US data

EUR/USD is trading above 1.2150, the highest since April 2018. Optimism about a coronavirus vaccine and US fiscal stimulus boost markets and weigh on the safe-haven dollar. ISM Services PMI came out at 55.9, within estimates.

EUR/USD News

XAU/USD clings to gains near $1840 area, over one-week tops

Gold maintained its bid tone through the mid-European session and was last seen trading near the top end of its daily range, or over one-week highs around the $1840 region.

Gold news

Crypto market relentlessly fighting for new yearly highs

Bitcoin is leading the recovery in the cryptocurrency market after reclaiming the position above $19,000. Ethereum has managed to bring down the critical hurdle at $600 while Ripple is holding slightly above $0.62.

Read more

Extra week of Black Friday!

Learn to trade with the best! Don't miss the most experienced traders and speakers in FXStreet Premium webinars. Also if you are a Premium member you can get real-time FXS Signals and receive daily market analysis with the best forex insights!

More info

Forex MAJORS

Cryptocurrencies

Signatures