Shares of Inovio Pharmaceuticals (NASDAQ: INO) were soaring 14.6% as of 11:02 a.m. EDT after jumping as much as 19.5% earlier in the day. This marked the third consecutive day of big gains for Inovio. What's behind the impressive momentum? Investors remain excited about comments made by Inovio CEO J. Joseph Kim at the H.C. Wainwright 22nd Annual Global Investment Conference on Monday.
Kim made two statements at the Wainwright conference that fired up investors. First, he said that a paper with detailed results of the phase 1 study of coronavirus vaccine candidate INO-4800 is currently in peer review and should be published within the next several weeks. Second, Kim stated that Inovio expects to begin phase 2/3 testing for the investigational vaccine soon and is "very confident that we will be able to do this with external funding."
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