INOVIO's INO-3107 BLA Accepted by FDA for Review
INOVIO announced that the U.S. Food and Drug Administration, FDA, accepted the company's Biologics License Application, BLA, for INO-3107 for review as a potential treatment for adults with RRP. The review classification designated by FDA is Standard. The FDA assigned INO-3107 a Prescription Drug User Fee Act, PDUFA, review goal date of October 30, 2026, which is the date by which it intends to take action on the application. The FDA has indicated that it is not currently planning to hold an advisory committee meeting to discuss this application. INOVIO filed its BLA under the accelerated approval pathway. In the file acceptance letter, the FDA noted as a potential review issue its preliminary conclusion that the company has not submitted adequate information to justify eligibility for the accelerated approval pathway. INOVIO continues to believe that INO-3107 provides a meaningful therapeutic benefit over existing treatments and fulfills the criteria for accelerated approval. INOVIO plans to request a meeting with FDA to discuss next steps to remain eligible under the accelerated approval program. INOVIO is not currently planning to seek approval for INO-3107 under the traditional pathway.
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- Investigation Launched: Pomerantz LLP is investigating claims of securities fraud against Inovio Pharmaceuticals, focusing on whether the company and its executives engaged in unlawful business practices, which could lead to significant investor losses.
- FDA Review Update: On December 29, 2025, the FDA accepted Inovio's Biologics License Application for INO-3107 but indicated that the company failed to provide adequate information for accelerated approval, highlighting serious regulatory hurdles.
- Stock Price Plunge: Following the FDA announcement, Inovio's stock price fell by $0.56, a 24.45% drop, closing at $1.73 per share, reflecting market pessimism regarding the company's future prospects.
- Future Plans: Inovio announced it does not plan to seek approval under the standard review timeline but intends to meet with the FDA to discuss how to pursue accelerated approval, a strategy that may significantly impact its future market performance.
- Disposition Completed: Inovalis REIT announced the completion of the Trio property disposition, which had been reclassified as an asset held for sale in its financial statements as of September 30, 2025, and this transaction is expected to enhance financial stability.
- Loan Repayment: Proceeds from the disposition were used to repay the mortgage loan secured by the Trio property, with all related financing arrangements fully satisfied and discharged, thereby alleviating the REIT's financial burden.
- Occupancy Impact: At the time of disposition, the Trio property had an occupancy rate of approximately 40%, negatively impacting the REIT's cash flow, and this transaction is anticipated to improve overall cash flow conditions.
- LTV Reduction: The transaction reduced the REIT's overall loan-to-value (LTV) ratio by approximately 5% to 61.5%, aligning with its ongoing portfolio management strategy and reflecting a disciplined approach to asset management.
- Securities Fraud Investigation: Pomerantz LLP is investigating whether Inovio Pharmaceuticals and its executives have engaged in securities fraud or other unlawful business practices, potentially leading to significant losses for investors.
- FDA Review Update: On December 29, 2025, the FDA accepted Inovio's Biologics License Application for INO-3107, but the company failed to provide adequate information for accelerated approval, highlighting regulatory compliance challenges.
- Stock Price Volatility: Following the FDA's review outcome, Inovio's stock price fell by $0.56, or 24.45%, closing at $1.73 per share on December 29, 2025, reflecting market pessimism about the company's future prospects.
- Uncertain Future Plans: Inovio announced it does not plan to seek approval under the standard review timeline and intends to meet with the FDA to discuss the possibility of accelerated approval, indicating uncertainty in its product launch strategy.
- Securities Fraud Investigation: Pomerantz LLP is investigating whether Inovio Pharmaceuticals has engaged in securities fraud or other unlawful business practices, which could undermine investor confidence and lead to further declines in stock price.
- FDA Review Update: On December 29, 2025, the FDA accepted Inovio's Biologics License Application for INO-3107 but denied accelerated approval due to inadequate information, potentially delaying product launch and impacting future revenue.
- Stock Price Reaction: Following the FDA announcement, Inovio's stock price fell by $0.56, a 24.45% drop, closing at $2.29 per share, reflecting market pessimism regarding the company's outlook.
- Future Plans: Inovio announced plans to meet with the FDA to discuss pursuing accelerated approval, which, if successful, could restore market confidence in its product and improve stock performance.

- FDA Review Outcome: On December 29, 2025, the FDA accepted Inovio's Biologics License Application but rejected its request for accelerated approval, indicating significant challenges in the company's drug development efforts.
- Stock Price Reaction: Following the FDA's rejection, Inovio's stock price fell by $0.56, or 24.45%, closing at $2.29 per share on December 29, 2025, reflecting a pessimistic market sentiment regarding the company's future prospects.
- Legal Investigation Initiated: Pomerantz LLP is investigating whether Inovio and its executives have engaged in securities fraud or other unlawful business practices, which could further damage the company's reputation and shareholder confidence.
- Uncertain Future Plans: Inovio announced it does not plan to seek approval under the standard review timeline and intends to meet with the FDA to discuss the possibility of pursuing accelerated approval, creating uncertainty that may affect investor confidence and future investment decisions.
- Stock Plunge: Ultragenyx Pharmaceutical's shares fell sharply by 42% to $19.84 on Monday, primarily due to the failure of its Phase 3 Orbit and Cosmic studies for setrusumab (UX143) in Osteogenesis Imperfecta, leading to a significant decline in market confidence.
- Clinical Trial Failure: The results from Mereo BioPharma and Ultragenyx indicated that setrusumab did not achieve statistical significance in reducing the annualized clinical fracture rate, which not only impacts the company's short-term financial performance but may also have long-term negative implications for its future R&D investments and market competitiveness.
- Severe Market Reaction: The disappointing trial results raised investor concerns about Ultragenyx's future prospects, resulting in a substantial decrease in its market capitalization, reflecting the high sensitivity of investors to the success or failure of clinical trials in the biopharmaceutical sector.
- Industry Impact: Ultragenyx's failure could have a ripple effect across the biopharmaceutical industry, particularly in the bone metabolism disease space, as investors may adopt a more cautious approach towards similar product developments, potentially affecting financing and R&D strategies of related companies.









