Inovio Q3 2024 Earnings Report
Key Takeaways
INOVIO's primary focus is driving toward the regulatory approval and commercialization of its lead product candidate, INO-3107. The company is preparing regulatory submissions for INO-3107 and expects to have all non-device BLA modules completed by the end of 2024, with BLA submission targeted for mid-2025.
Continued progress on preparing regulatory submissions for INO-3107, with all non-device BLA modules on track for completion by end of 2024 and BLA submission targeted for mid-2025.
Presented new immunology data supporting INO-3107's mechanism of action, showing its ability to induce antigen-specific cytotoxic T cell response against HPV-6 and HPV-11.
Presented full safety and efficacy data for INO-3107's Phase 1/2 trial, demonstrating it was well tolerated and had clinical benefit, with 81% of patients experiencing a decrease in surgical interventions.
Advanced plans for a Phase 3 trial of INO-3112 for HPV-related oropharyngeal squamous cell carcinoma and a Phase 2 trial of INO-4201 as a heterologous boost to the FDA licensed Ebola vaccine.
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Forward Guidance
INOVIO estimates its cash runway to extend into the third quarter of 2025, which includes an operational net cash burn estimate of approximately $24 million for the fourth quarter of 2024. These projections do not include any further capital-raising activities that INOVIO may undertake.