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Why Vaxart Stock Is Soaring Today

TheMotleyFool

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Why Vaxart Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Pharmaceutical company, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ae4a134-dd01-4c80-a621-18399f5a2541.png

Shares of Vaxart (NASDAQ: VXRT) surged 17% Friday, furthering a sharp rally in the biotechnology company's stock price in recent days.

Vaxart released a study on April 22 indicating that almost 19 million more American adults would get COVID-19 vaccines if they could do so via a pill rather than a shot. "Needle injections present a barrier to getting people vaccinated, and we have a solution that we believe will be effective and would allow people to avoid injections they don't want to have," Vaxart CEO Andrei Floroiu said in a press release.

Vaxart's stock price is up sharply in recent days. Image source: Getty Images.

Source Fool.com

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