On March 3, 2020, Inovio publicized “an accelerated timeline for developing its DNA vaccine INO-4800.” The Company’s CEO said that, “[u]sing our modern DNA medicines platform, we designed our DNA vaccine INO-4800 in three hours after the publication of the genetic sequence of the novel coronavirus that causes COVID-19.”
The complaint alleges that defendants misled investors regarding the feasibility of its Covid-19 vaccine, just three hours after publication of the Covid-19 DNA sequence.
Inovio Pharmaceuticals, Inc.
Investors who purchased the Company’s securities between February 14, 2020 and March 9, 2020 are encouraged to contact the firm prior to May 12, 2020.
If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
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