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Stock impact report

Inovio Receives $8.14 Million Award to Support Further Development of its Commercial Skin Delivery Device

Inovio Pharmaceuticals, Inc. (INO) 
NASDAQ:AMEX Investor Relations: ir.inovio.com/investors/default.aspx
Company Research Source: PR Newswire
PLYMOUTH MEETING, Pa., June 10, 2019 /PRNewswire/ -- Inovio Pharmaceuticals, Inc. (NASDAQ:INO) announced today that the medical arm of the U.S. Defense Threat Reduction Agency (DTRA) will fund the further development of Inovio's new commercial intradermal delivery device. DTRA's Medical CBRN Defense Consortium will provide $8.14 million to support Inovio in developing a small, portable, battery-powered intradermal device branded as CELLECTRA® 3PSP to be used in the administration of Inovio's vaccines and therapies which include DTRA developed products. In addition to the development of CELLECTRA 3PSP, the new award will fund the investigation of DNA vaccines developed by the U.S. Army Medical Research Institute of Infectious Diseases (USAMRIID) using the new device.Dr. Kate Broderick, Inovio's Senior Vice President of R&D and the Principal Investigator of the program, said, "We are honored that the U.S. Government considered highly of Inovio's track record of innovation and is providi Show less Read more
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