So that’s the promise to get you to sign up — a stock he thinks has 758% potential. What is it? Thinkolator sez this is the oft-touted Inovio Pharmaceuticals (INO), the very promotional biotech company which has been publicly traded for over 20 years now (without its “rapid development” DNA-based vaccine technology generating any meaningful revenue).
And in case you want some confirmation, the photo of the R&D lab that Robinson includes matches this photo from Inovio’s website… all Robinson did was scrub off the “Inovio” sign…
(That lab is in San Diego, incidentally, so you’re a really seasoned driver if you consider that nearly 500-mile trip to be a “short drive” from Silicon Valley, but I’m sure Robinson is counting on the fact that everyone wants to be associated with Silicon Valley and its dreams of high-tech riches — Inovio’s headquarters, in case you’re curious, is in the Philadelphia suburbs… a little less glamorous).
Inovio was one of the first names on pundits’ lips when everyone started looking for the vaccine plays — and that was the case in past outbreaks like MERS, Ebola and SARS, too. I can’t imagine trusting this company with a long-term investment, given what has always seemed to me to be a tendency of the company to overpromise and overpromote (Citron earlier this year called them “The COVID-19 Version of Theranos”, which is a great image but, of course, may not be fair)… but that doesn’t mean the stock won’t go up if they have good clinical trial results from the vaccine trials underway (or even good headlines).
Inovio raised money this quarter, and they were already in pretty good shape on the cash front, so they will get through this fine as they try to push their various vaccines through clinical trials — but whether the stock is at $25 or $4 in six months depends a lot more on what the “story” of the COVID-19 vaccine candidate turns out to be, and on that front, of course, I have no clue what the future holds. They treated their first patient on April 6th in this Phase 1 trial for INO-4800 (that’s the COVID-19 vaccine), and they expect “preliminary safety and immune response data by late June” — so that’s where Robinson’s June 30 date comes from. Their other vaccines may well generate some news before too long as well, they have several other clinical trials ongoing both on their own and with partners, but I imagine the stock will trade based almost exclusively on these COVID-19 results in the near future.
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