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Charles St, Baltimore, MD Investor interest in biotechnology companies related to coronavirus drugs and vaccines is waning.
The trading range in INO stock is narrowing as market participants buy stocks in other sectors. In the next few months, markets will more likely react to clinical trial results from Inovio than on sentiment or speculation.
The INO study is in two stages. When the study starts in June, investors will appreciate the speed at which the company started the clinical trial.
Since the likelihood of the coronavirus lingering among the population is high, the need for a viable vaccine is of high importance.
In doing so, Moderna lost some investor trust. Investors have an assortment of biotechnology plays to choose from. Any single one or more of these companies are likely to have a viable vaccine.
The outbreak has already killed close to , people. In the coming weeks, while the race to produce a treatment continues, Inovio shares are likely to be volatile.
Inovio specializes in DNA-based vaccine technology. Scientists highlight that DNA vaccines can typically be developed quickly. By June 30, management a nnounced positive interim Phase 1 data, yet, since then, the INO stock price has nearly halved.
If it can successfully develop a vaccine, then early shareholders will possibly be rewarded even further. In case Inovio Pharmaceuticals is one of those successful companies to get a vaccine approved by the U.
It would not be too surprising if the two companies were to take their partnership to a higher level. Such a development would benefit investors in INO stock.
Finally, strong international coordination and cooperation between vaccine developers, regulators, policymakers, funders, public health bodies and governments will be needed to ensure that promising late-stage vaccine candidates can be manufactured in sufficient quantities.
Developing an efficient vaccine takes science, time and money. In addition to Inovio, many other biopharma companies are currently working on either a vaccine or another type of treatment against the coronavirus.
No scientist, government official, or investor can fully predict when a treatment will be ready or how any one of them may perform commercially. Thus, even a successful vaccine may not necessarily be a promise to fortunes for these biopharma shares, such INO stock.
It is still a small biotech company with no approved products. EST Real time quote. Volume: 3. Customize MarketWatch Have Watchlists? Log in to see them here or sign up to get started.
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