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Why Inovio Pharmaceuticals Stock Is Soaring Today

TheMotleyFool

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Why Inovio Pharmaceuticals Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/0e9d087d-988e-4397-b7cf-6049e2776769.png

Inovio Pharmaceuticals (NASDAQ: INO), a pre-revenue synthetic vaccine developer, continued its volatile week today. The biotech's shares were up 11% on nearly five times the average daily volume as of 10:37 a.m. EST on Thursday.

Inovio's shares are popping in response to a collaboration agreement with Beijing Advaccine Biotechnology to advance the development of INO-4800 in China. INO-4800 is the biotech's experimental vaccine designed to combat the strain of coronavirus, 2019-nCoV, currently ravaging parts of China. It has since spread to over 20 countries across the globe.

Image source: Getty Images.

Source Fool.com

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