Why Vaxart Stock Slumped Today
Shares of Vaxart (NASDAQ: VXRT), a clinical-stage biotech focused on the development of orally administered vaccines, were down by 10.7% on Tuesday. The market is responding to the company's corporate update, which previewed Vaxart's financial results for the first quarter.
In its corporate update, the company said it expects to release additional data "within days" on its pre-clinical trial testing several potential COVID-19 vaccines. Vaxart had previously released preliminary data for this trial, noting that several of its investigational vaccines for the coronavirus had generated immune responses in all tested animals after a single dose.
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Source Fool.com
