Markets

Inovio tanks 40% after pausing coronavirus vaccine trial, trading halted

Inovio Pharmaceuticals tumbled as much as 40% in early Monday trading after the biotech firm announced a temporary hold on its coronavirus vaccine’s phase 2/3 trial. The study is on “partial clinical hold” until questions asked by the Food and Drug Administration are answered, Inovio said in a press release. […]
Inovio tanks 40% after pausing coronavirus vaccine trial, trading halted
News

If Trump bypassed the FDA on a COVID-19 vaccine it could ‘upend’ the traditional approval structure and erode the public’s trust in the executive agency, expert says

President Donald Trump suggested that the White House could bypass the US Food and Drug Administration on approving a coronavirus vaccine. Marc Sanchez, an FDA attorney, and consultant, said the remark was an “unfortunate attempt to increase the pressure on the FDA.” Sanchez said doing that would erode public trust […]
If Trump bypassed the FDA on a COVID-19 vaccine it could ‘upend’ the traditional approval structure and erode the public’s trust in the executive agency, expert says
Markets

Abbott soars 10% after its 15-minute COVID-19 test wins FDA approval

Abbott surged 10% on Thursday after the FDA granted emergency authorization for its 15-minute COVID-19 test. Aside from the quick testing results, the new test is also significant because it will cost only $US5. The test, BinaxNOW, can be used at “massive scale” and does not require lab equipment to […]
Abbott soars 10% after its 15-minute COVID-19 test wins FDA approval