AstraZeneca pullback hits Inovio shares

30 May 2019

Inovio Pharmaceuticals (Nasdaq: INO) regained much of the losses it suffered in the stock market on Wednesday, but the company’s share price was heading south again on Thursday.

The stock started falling after Inovio, which is a US company advancing immunotherapy technologies for the treatment of infectious diseases and cancer, announced a setback in its collaboration with Anglo-Swedish pharma major AstraZeneca (LSE: AZN).

Inovio disclosed in a stock market filing that AstraZeneca was to discontinue its work on research programs in the collaboration other than those involving MEDI0457.

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