Inovio Pharmaceuticals(INO)
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INOVIO to Report Third Quarter 2024 Financial Results on November 14, 2024
Prnewswire· 2024-11-06 13:00
PLYMOUTH MEETING, Pa., Nov. 6, 2024 /PRNewswire/ -- INOVIO (NASDAQ: INO), a biotechnology company focused on developing and commercializing DNA medicines to help treat and protect people from HPV-associated diseases, cancer, and infectious diseases, today announced that third quarter 2024 financial results will be released after the market close on November 14, 2024. Following the release, INOVIO will host a live conference call and webcast at 4:30 p.m. ET to discuss financial results and provide a general ...
INOVIO Announces New Data at Scientific Conferences for Lead Candidate, INO-3107, as a Potential Treatment for RRP
Prnewswire· 2024-10-21 12:00
American Association for Cancer Research (AACR) Special Conference: Tumor Immunology and Immunotherapy: New immunology data showed ability of INO-3107 to induce an antigen-specific T cell response against HPV-6 and HPV-11 and drive recruitment of T cells into airway tissues and papillomaInternational Society of Vaccines Conference: Full safety and efficacy data from Phase 1/2 clinical study in patients with Recurrent Respiratory Papillomatosis (RRP) indicated that INO-3107 was well tolerated and immunogenic ...
INOVIO to Present at Upcoming Scientific Conferences
Prnewswire· 2024-10-01 12:00
PLYMOUTH MEETING, Pa., Oct. 1, 2024 /PRNewswire/ -- INOVIO (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 will present at the following scientific conferences: AACR Special Conference in Cancer Research: Tumor Immunology and Immunotherapy Poster by Dr. Matthew Morrow, VP of Translational Sciences at INOVIO Abstract Title: Reduction in Surgical In ...
INOVIO to Present at Upcoming Scientific Conference
Prnewswire· 2024-09-17 20:30
Group 1 - INOVIO is a biotechnology company focused on developing and commercializing DNA medicines for HPV-related diseases, cancer, and infectious diseases [2] - The company will present at the World Congress of Electroporation on September 18, 2024, with an oral presentation by Trevor Smith, VP of Preclinical R&D [1] - The presentation will cover the development of in vivo-launched synthetic DNA-encoded antibodies using CELLECTRA® electroporation technology [1] Group 2 - The abstract from the conference will be available on INOVIO's website after the presentation [1] - INOVIO's technology aims to optimize the design and delivery of innovative DNA medicines that enable the body to produce its own disease-fighting tools [2]
Inovio Pharmaceuticals(INO) - 2024 Q2 - Earnings Call Transcript
2024-08-09 07:32
Inovio Pharmaceuticals, Inc. (NASDAQ:INO) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Thomas Hong - Manager of Investor Relations Jacqueline Shea - President & Chief Executive Officer Steve Egge - Chief Commercial Officer Michael Sumner - Chief Medical Officer Peter Kies - Chief Financial Officer Conference Call Participants Anish Nikhanj - RBC Capital Markets Roy Buchanan - Citizens JMP Jay Olson - Oppenheimer Sudan Loganathan - Stephens Yi Chen - H.C. Wainwright Operato ...
Inovio Pharmaceuticals(INO) - 2024 Q2 - Quarterly Results
2024-08-08 21:00
Clinical Trials and Regulatory Updates - INO-3107 BLA submission delayed to mid-2025 due to manufacturing issues with the single-use disposable administration component of the CELLECTRA® device[2][3] - INO-3107 designated as an innovative medicine under the U.K.'s Innovative Licensing and Access Pathway (ILAP) and received Advanced Therapy Medicinal Product (ATMP) Certification from the European Medicines Agency[3] - INO-3112 Phase 3 trial design submitted to European regulatory authorities, with plans to investigate INO-3112 in combination with LOQTORZI for oropharyngeal squamous cell carcinoma (OPSCC)[4] - INO-4201 Phase 2/3 clinical trial protocol for Ebola booster expected to be submitted to the FDA in Q3 2024[5] Financial Performance and Cash Position - Cash, cash equivalents, and short-term investments totaled $110.4 million as of June 30, 2024, compared to $145.3 million as of December 31, 2023[7] - R&D expenses for Q2 2024 were $23.1 million, a slight decrease from $23.7 million in Q2 2023[7] - G&A expenses for Q2 2024 were $10.2 million, down from $13.5 million in Q2 2023[7] - Net loss for Q2 2024 was $32.2 million, or $1.19 per share, compared to a net loss of $35.5 million, or $1.61 per share, in Q2 2023[7] - INOVIO estimates its cash runway to extend into Q3 2025, with an operational net cash burn estimate of approximately $28 million for Q3 2024[9] - Cash and cash equivalents increased to $34,392,404 as of June 30, 2024, compared to $14,310,862 as of December 31, 2023[14] - Short-term investments decreased to $76,029,116 as of June 30, 2024, from $130,982,913 as of December 31, 2023[14] - Total current assets decreased to $117,561,045 as of June 30, 2024, from $153,113,100 as of December 31, 2023[14] - Total liabilities decreased to $37,057,996 as of June 30, 2024, from $53,602,294 as of December 31, 2023[14] - Revenue from collaborative arrangements and other contracts for the six months ended June 30, 2024, was $100,762, compared to $340,914 for the same period in 2023[15] - Research and development expenses for the six months ended June 30, 2024, were $44,001,307, compared to $53,920,481 for the same period in 2023[15] - General and administrative expenses for the six months ended June 30, 2024, were $20,781,337, compared to $27,413,708 for the same period in 2023[15] - Net loss for the six months ended June 30, 2024, was $(62,706,969), compared to $(76,183,850) for the same period in 2023[15] - Basic and diluted net loss per share for the six months ended June 30, 2024, was $(2.48), compared to $(3.50) for the same period in 2023[15] - Weighted average number of common shares used to compute net loss per share for the six months ended June 30, 2024, was 25,244,657, compared to 21,784,343 for the same period in 2023[15] Leadership and Organizational Updates - Steve Egge appointed as Chief Commercial Officer to lead commercial strategy and operations, bringing extensive experience in HPV, immunology, and rare diseases[6]
INOVIO Reports Second Quarter 2024 Financial Results and Recent Business Highlights
Prnewswire· 2024-08-08 20:05
PLYMOUTH MEETING, Pa., Aug. 8, 2024 /PRNewswire/ -- INOVIO (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 its financial results for the second quarter of 2024 and provided an update on recent company developments. "We continue to make progress with our lead candidate, INO-3107, which has the potential to significantly improve the lives of patients with R ...
Inovio Receives Advanced Therapy Medicinal Product Certificate from European Medicines Agency for Quality and Non-Clinical Data for Lead Candidate INO-3107
Prnewswire· 2024-07-25 20:05
"This latest regulatory achievement further validates our efforts to bring INO-3107 to RRP patients around the world and shows that our cross functional development team is meeting the highest of standards in pursuit of that goal," said Cheryl Elder, INOVIO's Senior Vice President of Regulatory Affairs. "We're pleased to receive confirmation that our development efforts in Europe continue to make progress." INO-3107 is designed to elicit an antigen-specific T cell response against both HPV-6 and HPV-11 prot ...
Inovio (INO) Up as Lead Drug Gets Innovative Medicine Tag in UK
ZACKS· 2024-07-12 15:11
Core Viewpoint - Inovio's lead DNA medicine candidate, INO-3107, has received the Innovation Passport designation under the UK's Innovative Licensing and Access Pathway (ILAP), which is expected to enhance its potential to transform treatment for recurrent respiratory papillomatosis (RRP) patients [2][13]. Company Developments - Inovio plans to initiate a confirmatory study of INO-3107 for RRP before submitting the Biologics License Application (BLA) to the FDA, with submission expected in the second half of 2024 [3][21]. - The company has completed a phase I/II study for INO-3107, which met its efficacy endpoint, indicating promising results for the treatment of HPV-related RRP [9][20]. - If approved, INO-3107 could be the first DNA medicine available for RRP patients in the United States and Inovio's first approved product [10]. Clinical Pipeline - Inovio's clinical pipeline includes several other DNA medicine candidates targeting various cancers and infectious diseases, indicating a diverse development strategy [4]. Market Performance - Year to date, Inovio's shares have surged by 80.3%, significantly outperforming the industry average rise of 5.1% [8]. - The Zacks Consensus Estimate for Inovio's 2024 earnings per share has not changed, remaining at 5 cents, while the 2025 loss per share estimate is pegged at 11 cents [5]. Regulatory Pathway - The Innovation Passport designation provides a streamlined process for regulatory approval, including a potential 150-day accelerated marketing authorization application assessment and continuous benefit-risk assessment [7]. - Inovio plans to engage with ILAP partners to determine the regulatory pathway for INO-3107's approval in the UK [15].
Inovio (INO) Soars 19.0%: Is Further Upside Left in the Stock?
ZACKS· 2024-07-12 14:31
Inovio Pharmaceuticals (INO) shares rallied 19% in the last trading session to close at $11.04. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.1% loss over the past four weeks. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price mo ...