Inovio links with Chinese group to progress coronavirus candidate IN-4800
Shares of USA-based Inovio Pharmaceuticals (Nasdaq: INO) were up more than 15% at $4.74 pre-market today, as the company revealed it is collaborating with Beijing Advaccine Biotechnology Co to advance the development in China of INO-4800, Inovio's vaccine against the recently emerged strain of coronavirus (2019-nCoV) that has killed numerous people and infected thousands more in China to date.
Inovio recently announced that it is developing INO-4800 through Phase I human testing in the USA to evaluate safety and immunogenicity with the support of an initial grant up to $9 million from the Coalition for Epidemic Preparedness Innovations (CEPI).
Inovio plans to rapidly develop INO-4800 against the new coronavirus and has already started pre-clinical testing and preparations for clinical product manufacturing. The goal of this collaboration is to leverage Advaccine's expertise to run a Phase I trial in China in parallel with Inovio's clinical development efforts in the USA.
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