iBio Inc (IBIO)

[mick]

potential next wk & beyond #2 iBio Stock Is Trading Higher After Announcing Next-Gen COVID-19 Vaccine Candidate
Vandana Singh
Fri, May 7, 2021, 4:01 AM·1 min read

https://finance.yahoo.com/news/ibio-stock-trading-higher-announcing-110113853.html

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iBio Inc (NYSE: IBIO) has provided an update on its IBIO-201 program and reported its progress in developing a second-generation subunit vaccine candidate, IBIO-202, being designed for the prevention of SARS-CoV-2 infection.

IBIO-201 combines antigens derived from the spike protein ("S protein") fused with iBio's patented LicKM booster molecule

It recently completed IND-enabling toxicology studies. No adverse effects at low or high doses were identified.

The Company also reported on the development of IBIO-202, a subunit vaccine candidate that targets the nucleocapsid protein ("N protein") of SARS-CoV-2.

"In light of the successful global roll-out of COVID-19 vaccines targeting the S protein and the emergence of variant strains of the disease, we decided to focus our efforts on the continued development of IBIO-202 as a differentiated vaccine candidate," said Tom Isett, Chairman, and CEO.

iBio has expressed N protein antigens and initiated intramuscular and intranasal preclinical studies to identify favorable antigen-adjuvant combinations using its plant-based FastPharming System.

Results are expected in early Q1 FY2022.

Price Action: IBIO shares are 30.4% at $1.80 during premarket trading on the last check Friday.

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