Inovio Shares Fall After Analyst Cut, Traders Wait for FDA Decision
Inovio Pharmaceuticals shares fell 2.7% to $1.275 after H.C. Wainwright cut its price target to $2.50, citing share dilution and focus on an FDA decision for INO-3107, expected by Oct. 30, 2026. Inovio’s share count rose to 82.3 million following a recent offering. Precigen’s rival RRP drug posted $21.6 million in Q1 sales. Inovio reported a first-quarter net loss of $19.7 million.