Inovio Pharmaceuticals Faces Class Action Lawsuit for Securities Violations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy INO?
Source: Globenewswire
- Class Action Reminder: The Schall Law Firm is reminding investors of a class action lawsuit against Inovio Pharmaceuticals for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between October 10, 2023, and December 26, 2025, with a deadline to contact the firm by April 7, 2026.
- False Statements Allegation: The complaint alleges that Inovio suffered from manufacturing deficiencies related to its CELLECTRA device and is unlikely to file the INO-3107 Biologics License Application (BLA) by the second half of 2024, rendering the company's public statements throughout the class period false and misleading.
- Investor Losses: As the market became aware of the truth regarding Inovio, investors suffered damages, prompting the Schall Law Firm to encourage affected investors to join the lawsuit to recover losses, highlighting significant deficiencies in the company's transparency and compliance.
- Legal Consultation Opportunity: The Schall Law Firm offers free legal consultations and urges affected shareholders to take action before class certification to ensure their rights are protected, reflecting a commitment to safeguarding investor interests.
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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: 1.610
Low
3.00
Averages
7.33
High
13.00
Current: 1.610
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.
- Class Action Reminder: The Schall Law Firm is reminding investors of a class action lawsuit against Inovio Pharmaceuticals for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between October 10, 2023, and December 26, 2025, with a deadline to contact the firm by April 7, 2026.
- False Statements Allegation: The complaint alleges that Inovio suffered from manufacturing deficiencies related to its CELLECTRA device and is unlikely to file the INO-3107 Biologics License Application (BLA) by the second half of 2024, rendering the company's public statements throughout the class period false and misleading.
- Investor Losses: As the market became aware of the truth regarding Inovio, investors suffered damages, prompting the Schall Law Firm to encourage affected investors to join the lawsuit to recover losses, highlighting significant deficiencies in the company's transparency and compliance.
- Legal Consultation Opportunity: The Schall Law Firm offers free legal consultations and urges affected shareholders to take action before class certification to ensure their rights are protected, reflecting a commitment to safeguarding investor interests.
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- Class Action Deadline: Rosen Law Firm reminds investors who purchased Inovio Pharmaceuticals securities between October 10, 2023, and December 26, 2025, that they must apply to be lead plaintiff by April 7, 2026, to participate in the class action and seek compensation.
- Lawsuit Background: The lawsuit alleges that Inovio made false and misleading statements during the Class Period, particularly regarding deficiencies in the manufacturing of its CELLECTRA device and the overstated prospects of the INO-3107 Biologics License Application, resulting in investor losses.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, being ranked first for the number of securities class action settlements in 2017, showcasing its expertise and success in this field.
- Investor Guidance: Investors are advised to select qualified counsel with a proven track record, avoiding firms that merely act as intermediaries, to ensure effective legal representation and support in the class action process.
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- Legal Investigation Launched: Faruq & Faruqi, LLP is investigating Inovio Pharmaceuticals for potential claims from investors who purchased securities between October 10, 2023, and December 26, 2025, indicating a focus on the company's future legal risks.
- Investor Rights Reminder: The firm reminds investors that April 7, 2026, is the deadline to seek lead plaintiff status in a federal securities class action, emphasizing the importance and urgency of investor participation in legal proceedings.
- Direct Contact Channels: Securities Litigation Partner Josh Wilson encourages affected investors to reach out directly, providing phone numbers to enhance accessibility and confidence in legal support for investors.
- Potential Impact Assessment: This investigation could negatively affect Inovio's stock price and market confidence, prompting investors to monitor legal developments closely to adjust their investment strategies accordingly.
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- Class Action Notice: Rosen Law Firm reminds investors who purchased Inovio Pharmaceuticals securities between October 10, 2023, and December 26, 2025, to apply to be lead plaintiff by April 7, 2026, to potentially receive compensation without any out-of-pocket costs.
- Lawsuit Background: The lawsuit alleges that Inovio made false and misleading statements during the class period, claiming deficiencies in the manufacturing of its CELLECTRA device, which hindered its ability to timely submit the INO-3107 Biologics License Application to the FDA, thereby impacting investor interests.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest settlement against a Chinese company, being ranked No. 1 by ISS Securities Class Action Services in 2017, demonstrating its expertise and success in this field.
- Investor Selection Advice: Investors are advised to carefully choose law firms with a proven track record to ensure effective legal support in class actions, avoiding those that merely act as intermediaries without substantial litigation experience.
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- Lawsuit Background: Glancy Prongay Wolke & Rotter LLP reminds investors that April 7, 2026, is the deadline to file a lead plaintiff motion in the class action for those who purchased Inovio Pharmaceuticals securities between October 10, 2023, and December 26, 2025, indicating significant investor losses due to the company's failure to timely submit its Biologics License Application.
- Stock Price Volatility: Following the release of its Q2 2024 financial results on August 9, 2024, Inovio's stock price fell by $0.27, or 3.1%, to close at $8.44 per share, reflecting market disappointment over the delayed submission of the BLA, which negatively impacted investor sentiment.
- FDA Review Progress: On December 29, 2025, Inovio disclosed that the FDA accepted its INO-3107 BLA under a standard review timeline instead of the anticipated accelerated review, causing the stock to drop by $0.56, or 24.45%, to $1.73 per share, further exacerbating investor losses and raising concerns about the company's regulatory strategy.
- False Statement Allegations: The class action alleges that Inovio made materially false and misleading statements throughout the class period, failing to disclose critical information regarding manufacturing deficiencies and regulatory prospects, which misled investors about the company's business and future outlook, potentially leading to severe legal repercussions.
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- Financial Overview: Inovalis Real Estate Investment Trust reported a Q4 AFFO of -$0.23 and full-year revenue of $6.72 million, with a provision for income tax payable related to a dispute with the French tax administration materially affecting both Q4 and full-year FFO, which stood at -($0.20) and -($0.19) per Unit, respectively, highlighting significant financial strain due to tax issues.
- Non-Recurring Item Impact: Excluding this non-recurring tax burden, the full-year 2025 FFO was $0.02 per Unit, reflecting the REIT's solid underlying occupancy and debt profile, although overall financial metrics remain weak.
- Capital Expenditure Investment: During 2025, the REIT invested $2,670 in capital expenditures, primarily for value-enhancing tenant improvements at the Neu-Isenburg property, indicating a continued focus on enhancing asset value.
- Annual AFFO Analysis: The annual AFFO for 2025 was -($0.26) per Unit, or -($0.05) per Unit excluding the tax reassessment provision, suggesting that cash flow remains under pressure until the tax dispute is resolved.
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