Inovio up 19% premarket on Gates grant to support COVID-19 vaccine

• The Bill & Melinda Gates Foundation has awarded a $5M grant to Inovio Pharmaceuticals (NASDAQ:INO) to accelerate the testing and scale-up of the Cellectra 3PSP smart device for the intradermal delivery of INO-4800, its potential DNA vaccine for COVID-19.
• The company plans to launch a Phase 1 study next month enabled by up to $9M in funding from the Coalition for Epidemic Preparedness Innovations (CEPI).
• Cellectra 3PSP is a small, portable, hand-held, battery-operated device that is designed to administer vaccines and therapies.
• Inovio says its goal is to deliver 1M doses of INO-4800 and the requisite number of Cellectra devices by year-end.
• Shares up 19% premarket on robust volume.

Comments

[smikhail]

Sorry, Mr. Gates, but the biotech expert Adam Feuerstein is not impressed. His tweet today:

"Oh, so you didn’t know that $INO, apart from never having developing any product successfully, actually requires a electric-shock device to administer their products. Super practical…"

[serkasv]

Indeed, their vaccine administration method is not very convenient and requires dedicated instrumentation. This was one of the reasons that put me off investing in them years ago before all this virus hype broke out, this is just not gone be reasonable on larger scales.

[LivefromDaGutter]

@smikhail Research Adam Feuerstein's college major. He was a political science major lol. He knows nothing more than you or I.

[smikhail]

@LivefromDaGutter,

My post was meant to be sarcastic.

[Dman101]

More to come as the $8 billion fed aid must now heavily consider INO’s delivery for vacation. A real game changer

[pathfinder11]

1,000,000 doses by yr end? seems a little low and late?

[rohan_ab]

gates want a vaccine to lower population by 10-15%, he said it on TED.

[zelahi001]

So he wants 10-15% of the people dead? Sounds ludicrous. Link and timestamp please.

[rohan_ab]

Zelahi001: Go youtube, search for innovating to zero bill gates. The video is 29 minutes and 33 seconds. Tell me what you think.

[rohan_ab]

Its on TED from 2010

[wan chai chargers]

The Gates Foundation is holding the door and $INO has “Left” the launch part. Citron made some money, let’s move upwards and onwards.

[GameKing13]

Doesn’t Bill Gates donating money to a company kind of prove that he believes in it? So Bill Gates vs Citron? Wow. Who to believe??

[serkasv]

Gates foundation also donated to Achaogen who notoriously went bankrupt, besides 5 M from Gates doesn't show that much confidence.
Point is Inovio has bluffed before, so its credibility is to be questioned. Moderna is a high quality large corp who is and will be the first to the market with a vaccine. Invest in companies with integrity, people.

[Chris Lau]

@GameKing13 Ciron is such a crook. Took away some of our covid-19 $INO $MRNA hedge. My bet's on Bill.

[delontecrosby]

wow.

[grizly900]

wow indeed..