Faruqi & Faruqi Investigates Potential Claims Against Inovio Pharmaceuticals
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 24 2026
0mins
Source: Globenewswire
- Legal Investigation Launched: Faruq & Faruq LLP is investigating potential claims against Inovio Pharmaceuticals, specifically targeting investors who purchased securities between October 10, 2023, and December 26, 2025, aiming to provide legal support for affected investors.
- False Statement Allegations: The complaint alleges that Inovio and its executives violated federal securities laws by claiming deficiencies in the manufacturing of the CELLECTRA device, which reduced the likelihood of submitting the INO-3107 Biologics License Application to the FDA by the second half of 2024, thereby impacting the company's market outlook.
- FDA Review Outcome: On December 29, 2025, the FDA accepted Inovio's Biologics License Application for INO-3107 but noted that the company failed to provide adequate information to justify eligibility for accelerated approval, resulting in a 24.45% drop in stock price to $1.73 per share following the announcement.
- Investor Rights Protection: Faruq & Faruq LLP reminds investors that April 7 is the deadline to apply to become the lead plaintiff in the federal securities class action, encouraging anyone with relevant information to contact the firm to better protect investor rights.
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Analyst Views on INO
Wall Street analysts forecast INO stock price to rise
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 1.350
Low
3.00
Averages
7.33
High
13.00
Current: 1.350
Low
3.00
Averages
7.33
High
13.00
About INO
Inovio Pharmaceuticals, Inc. is a biotechnology company focused on developing and commercializing deoxyribonucleic acid (DNA) medicines to help treat and protect people from human papillomavirus (HPV)-related diseases, cancer, and infectious diseases. Its proprietary investigational CELLECTRA devices are designed to deliver the plasmids into the body’s cells for optimal effect, without the use of chemical adjuvants, lipid nanoparticles or viral vectors. Its lead candidate is INO-3107 for the treatment of recurrent respiratory papillomatosis (RRP), a chronic, rare and debilitating disease caused by HPV-6 and HPV-11. Its DNA medicines in the pipeline include INO-3112 for the Treatment of HPV-related Oropharyngeal Squamous Cell Carcinoma, VGX-3100 for the Treatment of HPV-related Cervical HSIL, VGX-3100 for the Treatment of Anal or Perianal HSIL, INO-5401 for the Treatment of Glioblastoma Multiforme (GBM), and INO-5401 for the Prevention of Cancer for People with BRCA1/2 Mutation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Significant Market Potential: VGX-3100 targets human papillomavirus, the most common sexually transmitted infection, and successful commercialization could address the urgent need for cervical dysplasia treatment in China, potentially generating substantial economic returns.
- Milestone Payment Opportunities: Inovio is entitled to receive up to $20 million in milestone payments upon ApolloBio's approval of VGX-3100, along with tiered royalties on net sales, which will significantly enhance the company's financial position.
- Broad Collaboration Prospects: The success of this clinical trial not only boosts Inovio's brand influence in the Chinese market but also lays the groundwork for further collaboration with ApolloBio, potentially driving the development and commercialization of more innovative therapies.
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- Financial Incentives: Under the partnership agreement, INOVIO could receive up to $20 million in milestone payments and royalties if the treatment is approved and sold in the licensed region, significantly enhancing the company's financial outlook and competitive position.
- Positive Market Reaction: Following the announcement of the trial results, INOVIO shares rose 3% in after-hours trading, reflecting investor optimism about the therapy's prospects, despite a 33% decline in stock price over the past year.
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- Future Outlook: The upcoming PDUFA date for INO-3107 represents a major inflection point that could significantly impact stock price and market confidence, prompting investors to closely monitor developments.
- Market Reaction: Despite the earnings beat, the market remains cautious about Inovio's overall performance, with analysts generally maintaining a 'Hold' rating, reflecting uncertainty regarding future profitability.
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See More
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- Earnings Surprise: Inovio Pharmaceuticals reported a Q1 2026 GAAP EPS of -$0.28, beating expectations by $0.07, indicating an improvement in financial performance despite still being in a loss position.
- Cash Position: As of March 31, 2026, Inovio's cash, cash equivalents, and short-term investments totaled $37.7 million, a significant decrease from $58.5 million as of December 31, 2025, reflecting pressure on the company's financial management.
- Funding Activity: Inovio conducted a $16 million public offering in April 2026, aimed at bolstering liquidity to support future R&D and operations, despite the current cash flow decline.
- Market Outlook: With the upcoming PDUFA date for INO-3107, Inovio's stock price may be impacted, as market expectations for its future products will directly influence investor confidence and company valuation.
See More
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- Market Environment Impact: Given the significant declines in rental revenue and FFO, Inovalis may need to reassess its investment strategy and asset management to adapt to the changing market environment and maintain competitiveness.
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- Clinical Trial Success: ApolloBio's Phase 3 trial for the VGX-3100 vaccine successfully met its predefined primary efficacy endpoint, demonstrating a favorable safety and tolerability profile without new safety concerns, which is expected to support regulatory approval in China.
- Significant Market Potential: VGX-3100 targets human papillomavirus, the most common sexually transmitted infection, and successful commercialization could address the urgent need for cervical dysplasia treatment in China, potentially generating substantial economic returns.
- Milestone Payment Opportunities: Inovio is entitled to receive up to $20 million in milestone payments upon ApolloBio's approval of VGX-3100, along with tiered royalties on net sales, which will significantly enhance the company's financial position.
- Broad Collaboration Prospects: The success of this clinical trial not only boosts Inovio's brand influence in the Chinese market but also lays the groundwork for further collaboration with ApolloBio, potentially driving the development and commercialization of more innovative therapies.
See More
INOVIO's Cervical Dysplasia Therapy Trial Achieves Success
- Trial Success: ApolloBio's final-stage clinical trial for INOVIO's cervical dysplasia treatment met its primary goal, demonstrating the therapy's ability to reverse precancerous changes and clear high-risk HPV, indicating significant therapeutic potential.
- Good Safety Profile: The trial confirmed a favorable safety profile with no major new side effects reported, providing strong support for future approval applications in China, which could expedite market entry.
- Financial Incentives: Under the partnership agreement, INOVIO could receive up to $20 million in milestone payments and royalties if the treatment is approved and sold in the licensed region, significantly enhancing the company's financial outlook and competitive position.
- Positive Market Reaction: Following the announcement of the trial results, INOVIO shares rose 3% in after-hours trading, reflecting investor optimism about the therapy's prospects, despite a 33% decline in stock price over the past year.
See More
Inovio Pharmaceuticals Q1 2026 Earnings Call Insights
- Regulatory Progress: CEO Jacqueline Shea indicated that the FDA's mid-cycle review raised no new issues, with a late-cycle review scheduled for Q3, establishing a solid foundation for the October 30, 2026 PDUFA date and reducing approval risks.
- Financial Update: As of Q1 2026, Inovio reported $37.7 million in cash and short-term investments, down from $58.5 million as of December 31, 2025; however, the April public offering is expected to extend the cash runway into Q1 2027, ensuring operational continuity.
- Commercialization Readiness: Chief Commercial Officer Steven Egge revealed plans for self-managing commercialization with support from a contract sales organization, reflecting confidence in market entry and a strategy for differentiating from existing products.
- Operating Expense Reduction: Operating expenses decreased from $25.1 million in Q1 2025 to $21.9 million in Q1 2026, a 13% reduction, indicating significant progress in cost control, which will help improve overall financial health.
See More
Inovio Pharmaceuticals Q4 2025 Earnings Snapshot
- Earnings Performance: Inovio Pharmaceuticals reported a GAAP EPS of -$0.28 for Q4 2025, beating expectations by $0.07, indicating improvements in cost management and revenue growth, although the company remains in a loss position.
- Future Outlook: The upcoming PDUFA date for INO-3107 represents a major inflection point that could significantly impact stock price and market confidence, prompting investors to closely monitor developments.
- Market Reaction: Despite the earnings beat, the market remains cautious about Inovio's overall performance, with analysts generally maintaining a 'Hold' rating, reflecting uncertainty regarding future profitability.
- Industry Dynamics: At the World Federation of Hemophilia World Congress, Inovio showcased its latest research findings, further solidifying its position in the biopharmaceutical sector while paving the way for future collaboration opportunities.
See More
Inovio Pharmaceuticals Q1 2026 Earnings Beat Expectations
- Earnings Surprise: Inovio Pharmaceuticals reported a Q1 2026 GAAP EPS of -$0.28, beating expectations by $0.07, indicating an improvement in financial performance despite still being in a loss position.
- Cash Position: As of March 31, 2026, Inovio's cash, cash equivalents, and short-term investments totaled $37.7 million, a significant decrease from $58.5 million as of December 31, 2025, reflecting pressure on the company's financial management.
- Funding Activity: Inovio conducted a $16 million public offering in April 2026, aimed at bolstering liquidity to support future R&D and operations, despite the current cash flow decline.
- Market Outlook: With the upcoming PDUFA date for INO-3107, Inovio's stock price may be impacted, as market expectations for its future products will directly influence investor confidence and company valuation.
See More
Inovalis Real Estate Investment Trust Q1 Financial Results
- Decline in Rental Revenue: Inovalis Real Estate Investment Trust reported Q1 2026 rental revenue of $5.42 million, a 16.6% year-over-year decline, indicating weakened market demand and reduced leasing activity, which could negatively impact future cash flows.
- FFO Calculation Adjustment: Management excluded $17,020 of non-recurring finance income related to the Trio disposition from the Q1 2026 FFO calculation, reflecting a more conservative approach in financial reporting to ensure accurate investor understanding of financial health.
- Zero FFO and AFFO per Unit: The FFO and AFFO per unit for Q1 2026 were both nil, consistent with current occupancy levels and borrowing costs, highlighting challenges in operational efficiency and profitability that may affect investor confidence.
- Market Environment Impact: Given the significant declines in rental revenue and FFO, Inovalis may need to reassess its investment strategy and asset management to adapt to the changing market environment and maintain competitiveness.
See More
