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Stock impact report

Inovio Pharmaceuticals Inc (INO) Q3 2024 Earnings Call Highlights: Progress in INO-3107 ... [Yahoo! Finance]

Inovio Pharmaceuticals, Inc. (INO) 
NASDAQ:AMEX Investor Relations: ir.inovio.com/investors/default.aspx
Company Research Source: Yahoo! Finance
Inovio Pharmaceuticals Inc ( NASDAQ:INO ) reported significant progress in advancing their lead product candidate, INO-3107, towards commercialization. The company presented compelling immunology data supporting the mechanism of action for INO-3107, indicating its potential to reduce or eliminate surgeries for RRP patients. Inovio Pharmaceuticals Inc ( NASDAQ:INO ) held a positive pre-BLA meeting with the FDA and is on track to submit their BLA by mid-2025. The company has reduced operating expenses by 24% year-over-year, demonstrating financial discipline. Inovio Pharmaceuticals Inc ( NASDAQ:INO ) closed the third quarter with $84.4 million in cash, cash equivalents, and short-term investments, with no debt. Inovio Pharmaceuticals Inc ( NASDAQ:INO ) identified a manufacturing issue with the single-use component of their device, which needs resolution before proceeding with certain trials. The company's cash position decreased from $145.3 million at the end of 2023 to $84 Show less Read more
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