As the coronavirus out of China spreads and gets deadlier, shares of health care companies that announce plans to take part in finding a vaccine, or identifying patients with the new strain, have rallied sharply in very active trading.
The grant builds on Inovio’s existing partnership with CEPI, in which the company was granted in April 2018 an award of up to $56 million to develop vaccines for Middle East Respiratory Syndrome and Lassa fever. Kim said after the DNA sequence of the new coronavirus strain was made publicly available on Jan. 11, Inovio was able to design and construct a potential vaccine in “a matter of hours,” and the animal-testing process has already begun.
Outside of the coronavirus programs, Inovio has one treatment for brain cancer in phase 3 trials and two immuno-oncology therapies in phase 2 trials.
BOY! This really puts the kabosh on that ole Cigar Commercial 'Have a Corona!' Even today, if I go out to a happy hour after work and someone says, 'want a corona?' I'm going to jump! Why don't we change the name to the Hunan Hoop? It sounds much better! 🤣 MarketWatch WSJ
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