Inovio Pharmaceuticals aims to begin clinical trial for coronavirus vaccine next month at Penn

Tom Paine

Plymouth Meeting-based Inovio Pharmaceuticals (NASDAQ: INO ), whose shares have bounced around more than a ping pong ball the past few weeks (see chart), hopes to start clinical trials for its CoronaVirus vaccine candidate in April, the AP reports:

Though the company has virtually no revenue, knowledgeable analysts who follow Inovio are bullish about its capabilities and other drugs in its pipeline. Its market value is slightly less than $1 billion.

It has secured up to $9 million in funding from Coalition for Epidemic Preparedness Innovations, and another $5 million from the Bill and Melinda Gates Foundation to fund development of a smart device for injecting the vaccine.

Meanwhile, a clinical trial for a different vaccine to protect against the new coronavirus will begin tomorrow in Seattle with one patient, the. AP reported.

Tech Events Status Changes due to #CoronaVirus: SAP Cancels Sapphire Now And Partner Summit, Plans Digital Events

Updates added as received. (Tweet to @phillytechnews)

Updates added as received. (Tweet to @phillytechnews)

American Academy of Allergy, Asthma & Immunology (AAAAI), Philadelphia, 3/13/20 – 3/16/20: Monitoring developments but no plans to cancel or postpone at this time.