Inovio Pharmaceuticals Inc (NASDAQ:INO) had an incredibly strong day in the market on Thursday, and for good reason. The company released data with regard to a vaccine that’s proving to be promising. Today, we’ll talk about what we’re seeing from the stock, why, and what we will be watching with regard to INO ahead.
What We’re Seeing From INO
As mentioned above, Inovio Pharmaceuticals Inc (NASDAQ:INO) had an incredibly strong trading session. After the close of trading, INO is now trading at $7.80 per share after a gain of $0.37 per share or 4.98%.
Why We’re Seeing The Gains
As soon as we noticed that INO was heading up in value at such a pace, the CNA Finance team started to research to see what was behind the uptrend. We believe we’ve found the cause. Early Thursday morning, Inovio Pharmaceuticals released a report with regard to a vaccine it is working on.
In the report, we learned that the vaccine, designed to protect against Zika, has completed a study among non-human primates. In the study, INO found that the Zika vaccine did indeed protect the animals from the infection as well as from brain damage and death! Of course, this is overwhelmingly positive news which caused excitement among investors.
What We’ll Be Watching Ahead
First and foremost, the CNA Finance team plans to keep a close eye on the development of the Zika Vaccine. If INO is able to pull this one together, it could be massive. However, we are watching several things with regard to the stock. At the end of the day, the company has an incredibly strong pipeline, of which the Zika Vaccine is actually a small piece. All in all, we’ll be keeping a close eye on this entire pipeline for a glimpse of what we can expect to see next out of Inovio Pharmaceuticals Inc (NASDAQ:INO) stock.
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Note: This article was written by Joshua Rodriguez, owner and founder of CNA Finance. If you would like to connect with Joshua, you can do so by emailing him at CNAFinanceHelp@gmail.com!