Inovio Pharmaceuticals Inc (INO)

[Golden Cross]

$INO Gets_$9_million_grant to develop vaccine for new Chinese coronavirus

Link:
https://www.inquirer.com/health/coronavirus-china-vaccine-inovio-bill-gates-20200123.html

by Stacey Burling, Updated: January 23, 2020
Philly-area company gets $9 million grant to develop vaccine for new Chinese coronavirus

Inovio Pharmaceuticals Inc. in Plymouth Meeting announced Thursday that it received a grant of up to $9 million to rapidly develop a vaccine for the new coronavirus that is spreading in China and sparking screenings at some U.S. airports.

The newly identified disease, which emerged last month in Wuhan, China, has sickened hundreds and killed at least two dozen, according to Chinese authorities. China on Thursday further cracked down on public transportation out of the city of 11 million. There have been a handful of cases outside of China, including one in the United States, in a man who had recently returned to Washington state from a trip to China. The U.S. is now screening passengers from Wuhan for signs of illness at airports in Atlanta, Chicago, Los Angeles, New York, and San Francisco.

The grant to Inovio comes from the Coalition for Epidemic Preparedness Innovations (CEPI), a partnership that receives money from public and private groups, including the Bill & Melinda Gates Foundation.