Should You Buy Inovio Pharmaceuticals Stock Right Now?

Should You Buy Inovio Pharmaceuticals Stock Right Now?

The biotech is developing a potential vaccine for the coronavirus.. The stock gave up most of those gains over the next few weeks.. Inovio is one of a handful of drugmakers that are frantically scrambling to develop a vaccine for the deadly virus.. Before answering whether you'd buy Inovio stock, it's first important to understand what's going on with coronavirus drug and vaccine development.. The biotech should also have milestones on the way for its other experimental vaccines.. It plans to report results in 2020 from its phase 1 study of INO-A002 in preventing or treating Zika virus infection.. Investing in biotech stocks can be a risky proposition.. The company isn't in the lead position in the race to develop a coronavirus vaccine..