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Why Vaxart Stock Is Jumping Today

TheMotleyFool

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Shares of Vaxart (NASDAQ: VXRT) were jumping 8.5% higher as of 10:39 a.m. EDT on Tuesday after rising as much as 19.6% earlier in the day. The big gain came following the company's announcement that it has dosed the first subject in a phase 1 study of oral table COVID-19 vaccine candidate VXA-CoV2-1.

It's definitely a major milestone for Vaxart to begin a phase 1 study of its oral COVID-19 vaccine candidate. The company previously reported encouraging preclinical data for VXA-CoV2-1.

Image source: Getty Images.

Source Fool.com

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