Welcome to our dedicated page for Inovio Pharmaceuticals news (Ticker: INO), a resource for investors and traders seeking the latest updates and insights on Inovio Pharmaceuticals stock.
Inovio Pharmaceuticals, Inc. (NASDAQ: INO) is a pioneering United States-based biotechnology company dedicated to combating cancers and infectious diseases through DNA medicines. The company's innovative approach harnesses active DNA-based immunotherapies and vaccines to both treat and prevent these conditions.
Inovio's core technology revolves around its DNA plasmids, which are small circular DNA molecules crafted to produce specific proteins to target and fight diseases, delivered via their proprietary CELLECTRA® electroporation devices. This technology enables the body to produce its own disease-fighting proteins and immune responses, without the need for traditional adjuvants or nanoparticles.
The company's flagship candidate, INO-3107, targets Recurrent Respiratory Papillomatosis (RRP), a chronic and rare disease caused by HPV-6 and HPV-11. Inovio has shown significant clinical progress with INO-3107, and after receiving Breakthrough Therapy designation and Orphan Drug designation from both the FDA and the European Commission, it is on track to submit a Biologics License Application (BLA) under the FDA's accelerated approval program. With successful clinical trials demonstrating a robust immune response and a reduction in the need for surgical interventions, INO-3107 stands as a potential game-changer for RRP patients.
In addition to INO-3107, Inovio's expansive product pipeline includes several other promising candidates in various stages of development. These include INO-3112 for HPV-16/18 positive head and neck cancer, INO-4201 as an Ebola vaccine booster, and INO-5401 for glioblastoma, showcasing the versatility and broad applicability of the company's DNA medicine platform.
Inovio has established numerous strategic partnerships and collaborations to enhance its research and development efforts. Key partners include Roche, MedImmune, the University of Pennsylvania, DARPA, Drexel University, NIH, and the U.S. Military HIV Research Program. These collaborations not only bolster Inovio's scientific capabilities but also facilitate the swift advancement of its clinical programs.
Financially, Inovio has maintained a disciplined approach to managing its resources. The company recently projected its cash runway to extend into the second quarter of 2025, following positive feedback from the FDA on the accelerated approval pathway for INO-3107. This financial stability is crucial as Inovio prepares for potential commercialization of its lead candidates.
Inovio's commitment to innovation and its effective strategic execution position it as a formidable player in the biopharmaceutical industry, dedicated to bringing groundbreaking DNA medicine solutions to market. For more information, visit www.inovio.com.
INOVIO (NASDAQ: INO), a biotechnology company, has been added to the Russell 2000® Index effective July 1, 2024. This inclusion is part of the annual reconstitution of the Russell stock indexes, which became effective after markets closed on June 28, 2024. INOVIO's CEO, Dr. Jacqueline Shea, noted that the last year has been transformational for the company, highlighting advancements with their lead candidate INO-3107 for RRP. The company plans to submit a BLA for INO-3107 under the FDA's accelerated approval pathway in late 2024 and aims for a commercial launch in 2025, pending approval. INOVIO is also progressing with other candidates like INO-3112 for head and neck cancer, INO-5401 for GBM, and INO-4201 as an Ebola vaccine booster. The Russell US Indexes, managed by FTSE Russell, capture the 4,000 largest U.S. stocks by market capitalization, with $10.5 trillion in assets benchmarked against them as of December 2023.
INOVIO (NASDAQ: INO) announced its participation in a virtual fireside chat hosted by Stephens, Inc. The event, featuring INOVIO's President and CEO Dr. Jacqueline Shea and Chief Medical Officer Dr. Michael Sumner, will take place on June 11, 2024, at 11:00am ET. The discussion will be moderated by Sudan Loganathan, Ph.D., Managing Director and equity research analyst at Stephens. This session is exclusive to institutional clients of Stephens.
INOVIO (NASDAQ:INO), a biotechnology company developing DNA medicines for HPV-related diseases, cancer, and infectious diseases, announced an equity grant under its 2022 Inducement Plan. The grant, approved by INOVIO's Compensation Committee, involves options to purchase 1,666 shares at $10.13 per share, the closing price on May 31, 2024. The options vest over three years, contingent on continued employment.
INOVIO (NASDAQ: INO) reported its Q1 2024 financial results and recent business highlights. The company is on track to submit a BLA for INO-3107 in the second half of 2024, aiming to become the first non-surgical treatment for recurrent respiratory papillomatosis (RRP). A confirmatory trial for INO-3107 is planned, with FDA feedback incorporated. INOVIO also plans a Phase 3 trial of INO-3112 in combination with LOQTORZI for treating HPV-16/18 positive oropharyngeal squamous cell carcinoma (OPSCC).
Financially, INOVIO's cash, equivalents, and short-term investments stood at $105.6 million as of March 31, 2024, down from $145.3 million in December 2023. The company completed a $33.2 million stock and pre-funded warrants offering in April 2024, extending its cash runway to Q3 2025. Q1 R&D expenses decreased from $30.2 million in 2023 to $20.9 million, while G&A expenses dropped from $13.9 million to $10.6 million. The net loss improved to $30.5 million ($1.31 per share) from $40.6 million ($1.89 per share) in Q1 2023, following a reverse stock split in January 2024.
INOVIO, a biotechnology company, granted equity awards to two new employees under its 2022 Inducement Plan. The awards include restricted stock units and stock options, with vesting over a three-year period. The grants aim to incentivize and retain talent as part of the company's strategic growth.
INOVIO, a biotechnology company, will release their first quarter 2024 financial results on May 13, 2024. The company focuses on developing DNA medicines for HPV-associated diseases, cancer, and infectious diseases. A live conference call and webcast will follow the release to discuss financial results and give a general business update.
INOVIO, a biotechnology company specializing in DNA medicines for HPV-related diseases, cancer, and infectious diseases, will participate in various investor conferences in May. Dr. Jacqueline Shea, President & CEO, will represent the company in fireside chats at The Citizens JMP Life Sciences Conference, RBC Capital Markets 2024 Global Healthcare Conference, and H.C. Wainwright 2nd Annual BioConnect Investor Conference. The company aims to engage with investors through one-on-one meetings and webcasts available on their Investor Relations Events page.
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