TJX - BWV Stock Soars as Blue Water Vaccines Explores Monkeypox Vaccine
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Blue Water Vaccines (NASDAQ:BWV) stock is rocketing higher on Wednesday after the company announced it will explore the possibility of making a monkeypox vaccine.
According to a press release from the company, it intends to use its norovirus shell and protrusion (S&P) virus-like particle (VLP) platform for this. While this doesn’t mean a vaccine will be made, investors are excited about the potential of one being made.
Joseph Hernandez, chairman and CEO of Blue Water Vaccines, said the following about the company’s plans.
“As monkeypox cases rise around the globe, BWV is committed to exploring the potential of our platform to create a novel monkeypox vaccine candidate. Our VLP platform has previously demonstrated versatility across multiple infectious diseases, and we are excited to initiate this research to understand the potential to create another vaccine to fight this outbreak.”
Blue Water Vaccines is hoping to capitalize on the fact that there are only two monkeypox vaccines approved for use in the U.S. Plus, 12,000 reported cases of the virus have been reported from May 2022 to August 2022.
The idea of Blue Water Vaccines tackling monkeypox has BWV stock seeing heavy trading on Wednesday. This has more than 85 million shares of the stock on the move as of this writing. For the record, the company’s daily average trading volume is closer to 2.1 million shares.
BWV stock is up 143.1% as of Wednesday afternoon. However, it’s still down 89.1% since the start of the year.
Investors looking for more recent stock market news are in luck!
We’ve got all the hottest stock news traders need to know about for Wednesday! Among that is what has shares of SoFi (NASDAQ:SOFI), Tesla (NASDAQ:TSLA), and TJX Companies (NYSE:TJX) stock in the news today. All of that is ready to go at the links below!
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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