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Why Inovio Stock Is Crashing Today | The Motley Fool

Author Bio Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries. Follow @keithspeights What happened Shares of Inovio Pharmaceuticals (NASDAQ:INO) were crashing 27.4% as of 10:17 a.m. EDT on Friday. The big decline came after the company announced that the U.S. Department of Defense is discontinuing funding of the phase 3 study evaluating its COVID-19 vaccine candidate INO-4800. So what The loss of funding for the phase 3 study of INO-4800 presents a huge setback for Inovio, so today s major sell-off of the biotech stock after this news isn t surprising. 

Fact check: Post gets details wrong on implant detecting COVID-19

The claim: A new Pentagon microchip can tell if you have COVID-19 A Facebook post with nearly 4,000 shares and reactions claims the Pentagon has developed a microchip implant, equipped with an antenna, capable of detecting a COVID-19 infection. What started off as a conspiracy theory has turned out to be surprisingly real, reads the April 12 post from Russia Today, a page Facebook flags as state-controlled media.  Pentagon scientists have unveiled a microchip implant which can detect a Covid-19 infection. The chip, which is equipped with a small antenna, is meant to act like a ‘check engine’ light, catching asymptomatic cases of the disease.  

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