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Why Inovio Stock Is Jumping Today

TheMotleyFool

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Why Inovio Stock Is Jumping TodayPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

Shares of Inovio Pharmaceuticals (NASDAQ: INO) were jumping 4.2% higher as of 11:15 a.m. EDT on Thursday after rising as much as 17.7% earlier in the day. The gain came on Inovio's announcement Thursday morning of results from preclinical testing of COVID-19 vaccine candidate INO-4800.

Inovio reported that INO-4800 was found to be effective in protecting rhesus macaques (a type of Asian monkey) that were infected with a live SARS-CoV-2 virus. The rhesus macaques showed durable antibody and T-cell responses for four months following vaccination.

Image source: Getty Images.

Source Fool.com

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