Has the Covid Opportunity Been and Gone for Inovio? Oppenheimer Weighs In
5/3 00:27
Every walk of life has its winners and losers, and this is no different in the land of coronavirus stocks. The term will forever be associated with the pandemic’s peak crisis when several companies set off on being the one to fend off Covid-19. Since the race began in early 2020, several have crossed the finish line and have been raking in the cash (Pfizer (PFE), Moderna (MRNA)) while others such as Novavax (NVAX) still appear poised to catch the gravy train just in time.
For Inovio Pharmaceuticals (INO), however, the prospects of Covid success appear dimmer than ever. The biotech company provided its quarterly business update early this week and the results were weak, which was bad enough. More importantly, investors’ focus naturally turned to the progress of INO-4800 – the company’s DNA Covid-19 vaccine candidate. Or lack of progress, that is. ...