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Inovio Pharmaceuticals(INO) - 2024 Q4 - Annual Report
2025-03-18 20:00
Clinical Trials and Drug Development - INOVIO Pharmaceuticals reported that 81.3% of participants in the Phase 1/2 trial of INO-3107 experienced a reduction in surgical interventions compared to the year prior[18]. - The median number of surgeries for participants decreased by three in the year following treatment with INO-3107, with a median of four surgeries in the year prior[19]. - INO-3107 received FDA feedback indicating that data from the completed trial could support a Biologic License Application (BLA) submission under the accelerated approval program, with a rolling submission expected to begin in mid-2025[19]. - INOVIO is developing INO-3112 for HPV 16/18 positive oropharyngeal squamous cell carcinoma, with an estimated 20,000 new cases annually in the U.S.[20]. - A clinical collaboration with Coherus BioSciences has been established to evaluate the combination of INO-3112 and LOQTORZI in a planned Phase 3 trial[21]. - INOVIO is also developing INO-5401 for glioblastoma multiforme, with nearly 15,000 expected diagnoses in the U.S. in 2023[22]. - INO-3107 demonstrated an 81.3% reduction in surgical interventions in the year following administration compared to the prior year, with 28.1% of patients requiring no surgery during or after the dosing window[43]. - The median decrease in surgical interventions after INO-3107 treatment was statistically significant at 3 surgeries, with a 95% confidence interval of -3 to -2[43]. - INO-3112 showed an overall response rate of 27.6% in a Phase 1b/2a trial, with a median overall survival of over 29 months, significantly improving upon historical data for similar treatments[47]. - The company announced the discontinuance of the U.S. development program for VGX-3100 for HPV-related cervical HSIL after failing to achieve statistical significance in the biomarker-selected population[49]. - VGX-3100 demonstrated statistical significance for lesion regression and viral clearance in the all-participants population across two Phase 3 trials[50]. - In a Phase 2 clinical trial (HPV-203), 50% of the 22 participants treated with VGX-3100 showed resolution of HPV-16/18-associated anal HSIL at six months[55]. - A separate Phase 2 trial of VGX-3100 has enrolled approximately 90 HIV-positive participants, evaluating histological regression of high-grade anal lesions[56]. - INO-5401, in combination with INO-9012 and Libtayo, demonstrated a median overall survival of 32.5 months for patients with an MGMT methylated promoter[60]. - The ongoing Phase 3 trial of VGX-3100 in China (HPV-303CHN) began dosing participants in 2021[80]. Regulatory and Approval Processes - INO-3107 received Orphan Drug Designation in July 2020 and Breakthrough Therapy Designation in 2023 from the FDA, indicating its potential for significant clinical benefit[46]. - CELLECTRA devices are CE-marked in the EU, allowing for commercialization in regions recognizing CE-marking[34]. - The company plans to use the combined data from two Phase 3 trials of VGX-3100 as supportive data for future regulatory interactions[52]. - The FDA's accelerated approval program allows the use of data from completed Phase 1/2 trials for BLA submissions, which could expedite market entry[96]. - The FDA requires a Biologics License Application (BLA) for product candidates to be legally marketed in the U.S., which involves extensive pre-clinical and clinical testing[110]. - The BLA submission must include proof of safety, purity, potency, and efficacy, supported by comprehensive pre-clinical and clinical trial data[116]. - The FDA aims to review BLAs within ten months for standard review or six months for priority review, depending on the product's significance[119]. - The FDA may require post-approval trials (Phase 4) to further assess a product's safety and effectiveness after initial marketing approval[114]. - The FDA can impose clinical holds on product candidates at any time due to safety concerns or non-compliance during clinical trials[111]. - The Prescription Drug User Fee Act (PDUFA) mandates a user fee for each BLA, which is adjusted annually[117]. - The FDA may issue a Complete Response Letter if the BLA has deficiencies, requiring additional data or trials before approval[122]. - Companies must comply with current good manufacturing practices (cGMP) to ensure product quality and consistency during production[122]. - The FDA may require Risk Evaluation and Mitigation Strategies (REMS) for certain products to ensure safe use, which must be submitted as part of the BLA[123]. - The FDA offers expedited development and review designations such as fast track, breakthrough therapy, and priority review for products addressing unmet medical needs in serious diseases[125]. - Fast track designation allows for more frequent interactions with the FDA and rolling review of application sections, expediting the development process[126]. - Breakthrough therapy designation requires preliminary clinical evidence showing substantial improvement over existing therapies, leading to expedited development and review[127]. - Priority review designation shortens the FDA's review timeline from ten months to six months for drugs that significantly improve safety or effectiveness over existing therapies[128]. - Accelerated approval can be granted based on surrogate endpoints that predict clinical benefit, with post-marketing trials required to verify the drug's effectiveness[130]. - Orphan drug designation is available for products treating rare diseases, granting seven years of exclusivity if the product is the first approved for that condition[136]. - The FDA mandates post-marketing requirements, including monitoring adverse experiences and compliance with promotional standards[137]. - The Biologics Price Competition and Innovation Act allows for an abbreviated approval pathway for biosimilars, with 12 years of data exclusivity for reference products[141][143]. Financial Performance and Funding - Revenue from ApolloBio accounted for 100% in 2024 and 29% in 2023[157]. - Research and development expenses were $75.6 million in 2024, down from $86.7 million in 2023, indicating a decrease of approximately 12.8%[158]. - The company has no material exposure to foreign currency fluctuations, primarily operating in U.S. dollars, with some cash held in South Korean Won[434]. - An accumulated unrealized loss of $1.9 million in the investment portfolio was reported as of December 31, 2024, due to rising interest rates[433]. - The company received a $37.6 million grant from DARPA to develop anti-SARS-CoV-2-specific DMAbs using its DMAb technology[67]. - The ApolloBio Agreement allows the company to receive up to $20 million upon achieving specified milestones related to VGX-3100 regulatory approval[79]. Workforce and Operations - The company employs 134 full-time staff, with 99 in product research and development, and 35 in general and administrative functions[165]. - Approximately 50% of the workforce is comprised of women and individuals with ethnically diverse backgrounds[165]. - The company has invested in employee engagement initiatives to maintain a motivated workforce[167]. - The company’s long-lived assets are entirely located in the United States[159]. - The company is subject to various healthcare laws and regulations, which may impact its operations and compliance costs[154]. - The company relies on third-party manufacturers for clinical supplies, with service agreements in place with multiple manufacturers[90]. - Manufacturing processes for biological products are complex and highly regulated, which may lead to supply interruptions if issues arise with third-party manufacturers[92]. - The company intends to enter into arrangements with third-party commercial partners for product candidates that obtain marketing approval outside the United States[96]. Market and Competitive Landscape - The company faces competition from major biopharmaceutical companies and various development-stage biotechnology firms in the immunotherapy and vaccine sectors[82]. - Cost containment trends in the healthcare industry are leading to increased scrutiny of product effectiveness and pricing by third-party payors and government entities[148]. - Coverage and reimbursement decisions by third-party payors significantly impact the commercialization of pharmaceutical products, with no uniform policies across payors[144][146].
INOVIO Announces Promising Interim Results from Ongoing Proof-of-Concept Clinical Trial of DNA-Encoded Monoclonal Antibodies (DMAbs) for COVID-19
Prnewswire· 2025-03-13 22:15
Core Insights - INOVIO announced promising interim results from a Phase 1 trial evaluating DNA-encoded monoclonal antibodies (DMAbs) for COVID-19, with 100% of participants maintaining biologically relevant levels of DMAbs at week 72 [1][4] - The trial demonstrated no development of anti-drug antibodies (ADA), a significant advantage over traditional gene-based delivery platforms [1][4] - The DMAbs were well tolerated, with mild, temporary injection site reactions being the most common side effects [1][4] Company Overview - INOVIO is a biotechnology company focused on developing DNA medicines to treat HPV-related diseases, cancer, and infectious diseases [7] - The company utilizes a proprietary DNA medicines platform that includes precisely designed DNA plasmids and the CELLECTRA® delivery device [6][7] Trial Details - The Phase 1 trial is the first clinical study using synthetic DNA technology for in vivo production of monoclonal antibodies directly from muscle cells [3] - Participants received intramuscular injections of synthetic DNA plasmids delivered via INOVIO's CELLECTRA 2000 electroporation device [3] - The trial is an open-label, single center, dose-escalation study that began enrollment in May 2022 and completed in March 2024 [4][5] Results Summary - All participants (n=24) who reached week 72 maintained stable DMAb levels [4] - No ADA formation was detected across approximately 1,000 blood samples, indicating a successful immune response [4] - The expressed DMAbs effectively bound to the SARS-CoV-2 Spike protein receptor-binding domain, confirming functional activity [4] Future Directions - A manuscript detailing the interim results has been uploaded for early dissemination and is under peer review for publication [2] - The consortium plans to present these interim results at scientific conferences in 2025 [2]
INOVIO to Report Fourth Quarter and Year End 2024 Financial Results on March 18, 2025
Prnewswire· 2025-03-12 16:55
Core Viewpoint - INOVIO is set to release its fourth quarter and year-end 2024 financial results on March 18, 2025, followed by a live conference call to discuss these results and provide a business update [1]. Group 1: Financial Results Announcement - The financial results will be released after market close on March 18, 2025 [1]. - A live conference call and webcast will take place at 4:30 p.m. ET on the same day to discuss the financial results [1]. Group 2: Webcast Details - The live webcast will be available online and will include a live Q&A session with analysts [2]. - The webcast will be archived for 90 days for replay [2]. Group 3: Company Overview - INOVIO is a biotechnology company focused on developing DNA medicines for HPV-related diseases, cancers, and infectious diseases [3]. - The company's technology aims to optimize the design and delivery of DNA medicines that enable the body to produce its own disease-fighting tools [3].
Here's Why Inovio (INO) Could be Great Choice for a Bottom Fisher
ZACKS· 2025-02-12 15:55
Core Viewpoint - Inovio Pharmaceuticals (INO) has experienced a downtrend, losing 13.2% over the past two weeks, but a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, with selling pressure likely subsiding, which could lead to a bullish trend for the stock [2][4]. - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that bears may be losing control and bulls are starting to gain support [3][4]. - This pattern can occur across various timeframes and is utilized by both short-term and long-term investors [4]. Fundamental Analysis - There has been a notable upward trend in earnings estimate revisions for INO, which is a bullish indicator suggesting potential price appreciation [6]. - Over the last 30 days, the consensus EPS estimate for the current year has increased by 22%, indicating that analysts expect better earnings than previously predicted [7]. - INO currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [8].
Clinical and Immunological Results from Phase 1/2 Study of INO-3107 as a Treatment for Recurrent Respiratory Papillomatosis Published in Nature Communications
Prnewswire· 2025-02-12 13:00
Core Insights - INOVIO's INO-3107 shows promise as a treatment for recurrent respiratory papillomatosis (RRP), with clinical trial data indicating significant reductions in the need for surgeries among patients [1][2][3] - The Phase 1/2 trial results were published in Nature Communications, highlighting the immunological impact and efficacy of INO-3107 [1][2] - INOVIO plans to submit a biologics license application (BLA) for INO-3107 in mid-2025, aiming for accelerated approval from the FDA [1][6] Clinical Trial Results - 81.3% of patients (26 out of 32) experienced a decrease in surgical interventions post-treatment, with 28.1% (9 out of 32) requiring no surgeries at all [3][5] - The Overall Response Rate, including both Complete and Partial Responses, was 72% [3] - Patients had a median of 4 surgeries in the year prior to treatment, with a median decrease of 3 surgical interventions after dosing [5] Safety and Tolerability - INO-3107 was well tolerated, with 41% of patients reporting treatment-related adverse events, primarily low-grade [3][5] - The most common adverse events included injection site pain (31%) and fatigue (9%), with no severe adverse events reported [3][5] Mechanism of Action - INO-3107 induced T cell responses specific to HPV-6 and HPV-11, including cytotoxic CD8+ T cells, which persisted at week 52, indicating a memory response [3][5] - The treatment engaged both innate and adaptive immune responses, leading to the emergence of new T cell populations that targeted infected tissues [2][3] Regulatory Designations - INO-3107 has received Orphan Drug and Breakthrough Therapy designations from the FDA, facilitating its path to market [6] - The European Commission also granted Orphan Drug designation, and INOVIO has CE-marked its CELLECTRA® delivery device for commercialization in the EU [6] Market Context - RRP is a rare disease primarily caused by HPV-6 and HPV-11, leading to significant quality of life issues and risks associated with repeated surgeries [4] - The standard treatment involves surgical removal of papillomas, but recurrence is common, highlighting the need for effective alternatives like INO-3107 [4][5]
Immune Response Data for INO-3107 to be Presented as a Poster at American Association for Cancer Research Immuno-Oncology (AACR-IO) Conference
Prnewswire· 2025-02-10 13:05
Core Insights - INOVIO announced the presentation of an abstract detailing the loss of detectable HPV-6 in patients with Recurrent Respiratory Papillomatosis after treatment with INO-3107 [1][2] - The abstract will be presented at the American Association for Cancer Research conference focused on immuno-oncology from February 23-26, 2025 [2] - INOVIO specializes in developing DNA medicines aimed at treating HPV-related diseases, cancer, and infectious diseases [3] Company Overview - INOVIO is a biotechnology company dedicated to the development and commercialization of DNA medicines [3] - The company's technology focuses on optimizing the design and delivery of innovative DNA medicines that enable the body to produce its own disease-fighting tools [3]
INOVIO Highlights Anticipated 2025 Milestones and 2024 Key Accomplishments
Prnewswire· 2025-01-09 13:04
Core Insights - INOVIO anticipates 2025 to be a transformational year, focusing on becoming a commercial-stage company and advancing DNA medicines for rare diseases [2][4] - The company plans to submit a biologics license application (BLA) for INO-3107 by mid-2025, aiming for priority review from the FDA [4][6] Anticipated Milestones for 2025 - Submission of BLA to the FDA for INO-3107, which could be the first DNA medicine approved in the U.S. for recurrent respiratory papillomatosis (RRP) [4][6] - Resolution of manufacturing issues expected by February 2025, followed by retesting of the CELLECTRA® device [4] - Initiation of a confirmatory trial at approximately 20 U.S. academic centers, enrolling around 100 patients [4][6] - Submission of a redosing study protocol to the FDA based on recent durability data [4] - Presentation and publication of recent clinical trial data in a peer-reviewed journal [4] Key Accomplishments from 2024 - Reported that 50% of RRP patients treated with INO-3107 achieved a complete response after two years, an increase from 28% in the first year [4][6] - 95% of patients maintained or enhanced their overall response rate after two years [4] - New immunology data demonstrated INO-3107's ability to induce T cell responses against HPV-6 and HPV-11 [4] - No serious adverse events were reported in the Phase 1/2 trial, with most adverse events being mild [4][6] Emerging Pipeline - INO-3112 is set to undergo a Phase 3 trial in collaboration with Coherus BioSciences, focusing on HPV16/18-positive oropharyngeal squamous cell carcinoma [5][6] - INO-4201 is being developed as a potential booster to ERVEBO® with Phase 2 trial protocols to be finalized [5][6] - Ongoing Phase 1 trial for a DNA encoded monoclonal antibody targeting SARS-CoV-2, with first clinical data expected in Q1 2025 [5][6] Corporate Developments - Strengthened balance sheet with over $60 million in net proceeds from equity offerings in 2024 [6] - Appointment of Steven Egge as Chief Commercial Officer, bringing extensive experience in HPV-related diseases and commercial product launches [6][7]
Gold Down Over 1%; Inovio Pharmaceuticals Shares Plummet
Benzinga· 2024-12-13 19:10
U.S. stocks traded mixed toward the end of trading, with the S&P 500 edging lower on Friday.The Dow traded down 0.14% to 43,851.19 while the NASDAQ rose 0.04% to 19,911.75. The S&P 500 also fell, dropping, 0.04% to 6,048.90.Check This Out: Jim Cramer Says This CEO ‘Built An Amazing Company,’ Recommends Buying NetflixLeading and Lagging SectorsInformation technology shares jumped by 0.3% on Friday.In trading on Friday, materials shares fell by 1.1%.Top HeadlineU.S. import prices increased by 0.1% from the pr ...
INOVIO Announces Pricing of $30 Million Public Offering
Prnewswire· 2024-12-13 12:00
PLYMOUTH MEETING, Pa., Dec. 13, 2024 /PRNewswire/ -- INOVIO Pharmaceuticals, Inc. (Nasdaq: INO), a biotechnology company focused on developing and commercializing DNA medicines to help treat and protect people from HPV-related diseases, cancer, and infectious diseases, today announced the pricing of an underwritten public offering of 10,000,000 shares of its common stock and accompanying warrants to purchase 10,000,000 shares of its common stock at an exercise price of $3.76 per share of common stock, at a ...
INOVIO Announces Proposed Public Offering
Prnewswire· 2024-12-12 21:01
PLYMOUTH MEETING, Pa., Dec. 12, 2024 /PRNewswire/ -- INOVIO Pharmaceuticals, Inc. (Nasdaq: INO), a biotechnology company focused on developing and commercializing DNA medicines to help treat and protect people from HPV-related diseases, cancer, and infectious diseases, today announced that it intends to offer and sell shares of its common stock and accompanying warrants to purchase shares of its common stock, in an underwritten public offering. All of the securities in the proposed offering will be sold by ...