Why Vaxart Stock Is Skyrocketing Today
Shares of Vaxart (NASDAQ: VXRT) were skyrocketing 21.4% higher as of 11:22 a.m. EST on Thursday. The big gains came after the drugmaker announced promising additional data from a preclinical study of its experimental oral COVID-19 vaccine.
Vaxart reported a significant reduction in lung viral loads for hamsters that received two doses of its oral vaccines and were exposed to SARS-CoV-2, the coronavirus that causes COVID-19, compared to non-vaccinated hamsters. The company previously announced results from the preclinical study that showed hamsters that received two doses of its oral vaccine candidate didn't experience systemic weight loss while unvaccinated animals lost around 9% of their total weight.
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Source Fool.com
