Business
INOVIO Reports Financial Results and Highlights for the Third Quarter 2022
Announced positive interim data for INO-3107 as a potential first-in-class treatment for Recurrent Respiratory PapillomatosisAdvanced strategy to focus on
About this update from Inovio Pharmaceuticals, Inc.
[{"type":"text","content":"Announced positive interim data for INO-3107 as a potential first-in-class treatment for Recurrent Respiratory PapillomatosisAdvanced strategy to focus on developing candidates that have the greatest opportunity for near-term successUpdates prior financial guidance and extends cash runway into first quarter of 2025Company will hold investor call today at 4:30 PM ETPLYMOUTH MEETING, Pa., Nov. 8, 2022 /PRNewswire/ -- INOVIO (NASDAQ: INO), a biotechnology company focused on developing and commercializing DNA medicines to help treat and prevent infectious diseases, cancer, and diseases associated with HPV, today reported financial results for the quarter and nine months ended September 30, 2022. INOVIO's management will host a live conference call and webcast at 4:30 p.m. Eastern Time today to discuss financial results and provide a general business update for the third quarter. The live webcast and replay may be accessed by visiting INOVIO's website at http://ir.inovio.com/events-and-presentations/default.aspx.\nDr. Jacqueline Shea, INOVIO's President and Chief Executive Officer, said, \"INOVIO continues to implement its strategy of delivering the potential of DNA medicines to patients, focusing its resources on those candidates that have the greatest opportunity for near-term success. In the third quarter, INOVIO announced positive Phase 1/2 data for INO-3107, a promising DNA medicine candidate as a potential treatment for recurrent respiratory papillomatosis. These results are exciting to us because they build upon our ongoing work indicating that DNA medicines have the potential to treat HPV-associated diseases. We are also encouraged by other candidates in our pipeline, such as INO-5401, which has also shown positive results this year as a potential treatment for glioblastoma. We look forward to continuing to advance these programs as well as other pipeline programs for which we continue to anticipate data announcements in the coming months.\"\nDr. Shea continued: \"In the third quarter, we also continued our efforts to create a more focused company rooted in operational excellence and optimized capital and resource allocation. Our decision to discontinue our internally funded development of INO-4800 as a heterologous COVID-19 booster is in line with this strategy and we will deploy cost savings from this effort to the developm...