Inovio continues sharply lower after secondary offering

|About: Inovio Pharmaceuticals, ... (INO)|By:, SA News Editor

Inovio Pharma (INO -9%) priced its 18.97M share secondary at $2.90 each for gross proceeds of about $55M. The underwriter greenshoe option is for another 2.8M shares.

The stock's been in a range of $3.20-$3.48 on the session, and is currently at $3.39.