US FDA Approves Inovio Treatment

The US Food and Drug Administration approved Inovio Pharmaceuticals therapy for a rare respiratory condition, marking the company first approved product and sending shares higher.

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FILE PHOTO: Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo

Inovio Pharmaceuticals secured United States regulatory clearance for Voceryq, sending shares up 257% in extended trading. The approval marks the first commercial product for the biotechnology firm.