Inovio Pharmaceuticals Inc (INO)

[kris_kade]

I used to share your enthusiasm especially after upbeat comments by Dr. Kim at RetailInvestorsConference event in feb. Dr. Kim gave all out promise of impending partnerships and how he dislikes dilution etc. The slides are still available. And what did we get ? Secondary below market price soon after and a 'proxy' failure from chrontech that Innovio failed to handle properly with all their stellar BOD crew.

The red flag currently is lack of institutional investment (other than few Hedgies who got in below market and with fat warrants) and how they botched especially the PR on chrontech vaccine failure. Why would Innovio own up the news release when it was not their vaccine ?

With regard to R/S, actually it might prove to be the right step for Dr. Kim to prop up the price significantly if no partnerships with sizable investment happens soon. 600 Million auth is one step towards that direction. He has a long hurdle to prove that his platform outweighs Novartis's $1 Billon vaccine plant and its adjuvant based approach.