citron research inovio

Market data powered by FactSet and Web Financial Group. This includes candidates treating viruses (including HIV, Ebola, Middle East Respiratory Syndrome, Zika), prostate cancer, head and neck cancer, and glioblastoma (an aggressive form of brain cancer). This is much lower than the $2.5 million in revenue seen last year. Besides this initial tweet, however, Citron hasn't published anything else substantial in terms of accusations or research against Inovio. 0 We will not rest until we deliver on this potential.”, JEFFREY SKOLNIK, M.D.VICE PRESIDENT, CLINICAL DEVELOPMENT, “Our goal at INOVIO is to drive the development of DNA medicines as a new way to effectively and safely treat or prevent cancers from destroying lives. L:�I0� &M�����`]j �����?�`�� ��/����@�m �p���lB����� 2e1��+�������l� ���� �>� One of these companies is Inovio Pharmaceuticals (NASDAQ:INO), which famously crafted its first vaccine candidate for the novel coronavirus in a mere three hours, at least according to CEO J. Joseph Kim. Is now a good time to buy into this hot biotech, or should you put your money somewhere else? Stock Advisor launched in February of 2002. Since then, Inovio's been one of the hottest coronavirus stocks on the market. Let's conquer your financial goals together...faster. We are proud to be at the forefront of this potential game-changing approach to defeating cancer.”, SUBSCRIBE FOR UPDATES FROM INOVIO Register to receive email alerts for INOVIO press releases. The real issue is Inovio's cash position.

endstream endobj 165 0 obj <. However, not everyone believes that Inovio was able to create INO-4800 (its candidate vaccine) so rapidly. In addition to stating that INO-4800 will move ahead to phase 1 trials in April, the company said it plans to manufacture 1 million vaccines by the end of the year for clinical testing and emergency use. In his free time, you'll find him curling up with a good book or doing math. This is a stock that's going to be a favorite among speculators and short-sellers for quite a while, and unless you consider yourself one of those two, now might not be the best time to start buying. %%EOF Inovio also reaffirmed its claim that it had created a potential vaccine for COVID-19 within three hours after the genetic sequence of SARS-CoV-2 was made public.

The biotech company sent out a tweet of its own to reassure investors, dismissing Citron Research as a third-party that had "demonstrated a lack of understanding of the science behind DNA medicines." The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Market data powered by FactSet and Web Financial Group. endstream endobj 443 0 obj <. However, Citron Research singled out Inovio on Monday, claiming that the biotech company should be investigated by the Securities and Exchange Commission (SEC) for some of these claims. However, Citron Research singled out Inovio on Monday, claiming that the biotech company should be investigated by the Securities and Exchange Commission (SEC) for some of these claims.

The well-known short-seller Citron Research recently tweeted that the claim that Inovio had produced INO-4800 in three hours "ludicrous and dangerous.". All rights reserved. h�bbd```b``n��3@$�-�� Net losses, as expected, were quite high, coming in at $37.7 million.

The reports are the property of the applicable Citron Entity that published that report.

Inovio started making serious waves when the Coalition for Epidemic Preparedness Innovation (CEPI) awarded a $9 million grant to help develop a COVID-19 vaccine. Inovio's INO-4800 is a traditional DNA-based vaccine, while Moderna's candidate, mRNA-1273, is an mRNA-based treatment. %%EOF Although still highly experimental, these types of treatments are supposed to be faster and more efficient than their DNA-based counterparts. �/�b�wwS�N�cLe�u3�]GA��� w6ܯ�iF �0 !�� Before joining The Motley Fool, Mark worked as a freelance financial writer covering a variety of markets. Returns as of 11/04/2020. 442 0 obj <> endobj Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. INO-4700 is currently in phase 2 trials against MERS and has shown to be effective so far. Inovio recently published its much anticipated fourth-quarter financial results. 164 0 obj <> endobj 221 0 obj <>stream INOVIO’s first-of-their-kind DNA medicines are precisely designed DNA plasmids delivered through INOVIO’s proprietary smart device — CELLECTRA ® — directly into the body’s cells to produce an immune response robust enough to potentially treat or prevent disease. Better Coronavirus Stock: Inovio Pharmaceuticals or VBI Vaccines? In April, Citron Research issued a scathing report calling Inovio the Theranos of COVID-19 vaccine development. Of course, these are exceptional circumstances right now, and with COVID-19 showing little sign of slowing down, it's understandable why everyone's paying attention to this stock.

Passionate about teaching and learning, he enjoys helping others make better decisions about their finances -- and enjoys it just as much when they return the favor. OUR FOCUS: SERVING PATIENTS WITH URGENT HEALTH NEEDS, Watch the videos below to learn more about how INOVIO is powering a new decade of DNA medicines, inspired by patients with urgent health needs, J. JOSEPH KIM, Ph.D.PRESIDENT & CHIEF EXECUTIVE OFFICER, “At INOVIO, the revolutionary power of our technology is superseded only by the dedication, passion, and expertise of the team we have brought together to bring our technology to life for patients in need.”, ROBERT J. JUBA JR.Vice President, Biological Manufacturing and Clinical Supply Management, “INOVIO’s team has extensive experience manufacturing DNA medicines and a proven track record of producing them at unprecedented speeds.”, AMI SHAH BROWN, Ph.D., MPHSenior Vice President, Regulatory Affairs, “For more than a decade, INOVIO has been working closely with regulators to assess DNA medicines for their potential in disease prevention and treatment, especially for emerging infectious diseases. This delivery has enabled us to overcome a key limitation of other DNA and other nucleic acid approaches, such as mRNA.”, MARK TWYMAN, MBAVice President, Commercial, “The goal of our DNA medicines is to redefine success in the treatment of HPV-related diseases, as well as other infectious diseases, and cancers.

Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. h�bbd```b``>"g�H�k �M,� �fG�U��M`qs��`2 h�b```�]��w�@(������� �ڔI��fs8u��;00�S�8€ZxN$�$^p�r=r�L��������;%�M��r�����7k�� e�$�Ŧ'��,��$`� ��r?�8�|A��h`RRq����+�4��X:L���(��Du'�l��@Z���"��KY�2|ale4d�c2b����4�I����mLnLU|S������gPpw���,����_(��C�qc;�8�5��E���1���{!<4$�v?Ҍ@` 9�V6

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