The Newsroom

Investigations  /  04.27.2020

Investigation of Inovio Pharmaceuticals, Inc.

You Have Legal Options

Inovio Pharmaceuticals, Inc. (INO) Accused of False COVID-19 Vaccine Claims 

On March 11, 2020, the World Health Organization (“WHO”) declared the coronavirus COVID-19 outbreak a global “pandemic” due to its extraordinary “speed and scale of transmission.” In response to mounting public concern, on February 14, 2020, Inovio’s CEO announced on national news that the Company had developed a COVID-19 vaccine “in a matter of about three hours” and re-affirmed this statement two weeks later in a well-publicized meeting with President Trump. As a result, Inovio’s stock price more than quadrupled. However, contrary to these claims, on March 9, 2020, Citron Research exposed Invoio’s misstatements, calling for an SEC investigation into Inovio’s “dangerous claim that they designed a [COVID-19] vaccine in 3 hours.” Consequently, Inovio admitted the Company had not developed a COVID-19 vaccine but rather a “vaccine construct.” On this news, Inovio’s stock price declined to a mere $5.70 per share, representing a 71% decline from the Company’s class period high of $19.36 per share.

  • If you would like more information about your rights and potential remedies please send us a message. 

  • Please Note: Neither the submission to nor the receipt of information by Robbins LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.


How can we help you?

CONTACT US TODAY | 1 800 350 6003 or [email protected]

Tell us your concerns