Aegis Capital has issued a ‘Buy’ rating and price target of $11 on shares of Inovio Pharmaceuticals, Inc. (NASDAQ: INO). The analyst noted that Inovio is awaiting response from the FDA regarding the clinical hold on VGX-3100 phase 3, which is expected to be resolved this month. The company plans to initiate its phase 3 trial with VGX-3100 for HPV-related cervical dysplasia by the second half of 2017. The trial is expected to last approximately two years, with NDA submission in 2020 and product launch in 2021.
For more information, visit www.inovio.com
About Inovio Pharmaceuticals, Inc.
Inovio is taking immunotherapy to the next level in the fight against cancer and infectious diseases. The company is the only immunotherapy company that has reported generating T cells in vivo in high quantity that are fully functional and whose killing capacity correlates with relevant clinical outcomes with a favorable safety profile. With an expanding portfolio of immune therapies, the company is advancing a growing preclinical and clinical stage product pipeline. Partners and collaborators include MedImmune, Regeneron, The Wistar Institute, University of Pennsylvania, DARPA, GeneOne Life Science, Plumbline Life Sciences, ApolloBio Corporation, Drexel University, NIH, HIV Vaccines Trial Network, National Cancer Institute, U.S. Military HIV Research Program, and Laval University.
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