Geometry Dash APK Hill Climb Racing APK
15.6 F
New York
Friday, January 21, 2022

Ibio Inc (NYSEAMERICAN:IBIO) Stock Consolidates After The Recent Rally: What to do Now?

Must read

Humbl Inc (OTCMKTS:TSNPD) Bounces Back and Lands On The Radar

Over the course of the past months, Humbl Inc (OTCMKTS:TSNPD) stock has managed to record massive gains and much of that has...

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Looks to Maintain Critical Momentum

Stocks that make massive gains over a reasonable period of time cannot hope to maintain them forever. At some point, a correction...

Green Thumb Industries Inc (OTCMKTS:GTBIF) Trades Near All-Time High: What Next?

After having been in the dumps for more than a year, the cannabis sector has managed to make a remarkable comeback. Investors...

VIVO Cannabis Inc (OTCMKTS:VVCIF) Stock Turns Volatile: Uptrend in Jeopardy

Anyone watching the market knows the cannabis sector has been booming again. Since the start of the year, the cannabis sector has...

Although most stocks have recorded significant losses in recent weeks due to the coronavirus pandemic induced economic turmoil, some stocks have managed to go against that trend. One particular category of stocks to have done so is that of companies that are involved in developing a coronavirus vaccine. Ibio Inc (NYSEAMERICAN:IBIO) is one such stock, and since January, the stock has generated significant gains for working on the development of a COVID 19 vaccine.

Major News

The vaccine in question is IBIO 200, and it is believed that it is solely responsible for propelling the IBIO share price to $1 a share in May from $0.30 a share in January.

Considering the remarkable rally enjoyed by the stock, it is worthwhile to have a closer look at IBIO. It is now quite clear that there is a massive demand for a coronavirus vaccine, and IBIO is one among many companies that are working on such a product. In favor of IBIO, it needs to be pointed out that the company is aiming to scale up its production capabilities considerably.

In addition to that, the company has also decided to collaborate with the National Institute for Innovation in Manufacturing Biopharmaceuticals (NIIMLB) in order to boost its production capabilities.

The company’s focus on boosting production capabilities is positive for its shareholders, and the possibilities are promising as well. IBIO already owns Fast Pharming technology of its own, and once the expertise of NIIMLB is added to the mix, the company is expected to be able to raise its production capabilities at a remarkable clip.

The company’s Chief Executive Officer Tom Isett has stated that if IBIO 200 is eventually approved, then IBIO will be able to produce 500 million doses per year at its plant in Texas. That sort of figure could make the company a major player in the coronavirus vaccine space. Due to the company’s ambitious plans, market watchers are expecting good things about the stock in 2020. Sign up below for $IBIO breaking updates and other fast-moving stock alerts.

Latest article

iQSTEL Inc (OTCMKTS:IQST) Stock Makes a Big Move: Jumps 45% In a Week

In the past week, iQSTEL Inc (OTCMKTS: IQST) has emerged as a point of focus among a large number of investors and...

HUMBL Inc (OTCMKTS:HMBL) Stock Sees Big Bounce After Recent Slump

Since the beginning of 2021, HUMBL Inc (OTCMKTS:HMBL) had been one of the major movers from among penny stocks and had come into...

Dividend Stocks to Buy Now

A classic mistake that investors make when looking for dividend stocks is to just go for the biggest dividend yield. It makes...

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service