Mpox-linked stocks extend rally into second week, Geo Vax up 47%, ET HealthWorld

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Mpox-linked stocks extend rally into second week, Geo Vax up 47%, ET HealthWorld

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London: Shares of some mpox vaccine and ***** developers jumped sharply on Monday in premarket trading, putting them on track to extend gains from last week as concerns over an outbreak of the virus rise.

Shares of GeoVax Labs and Tonix Pharmaceuticals led the gains. Both the companies, which have a combined market capitalisation of less than $50 million, do not have any products on the market.

GeoVax’s shares rose 47.9 per cent to $10.44, while Tonix jumped 41 per cent to 63 cents.

Emergent BioSolutions’ shares rose 5.4 per cent to $11.32 premarket. Its vaccine, approved for smallpox, has been used as an mpox shot, but the U.S. Food and ***** Administration is yet to approve its application for use against the virus.

A new variant of mpox has spread rapidly in *******, prompting the World Health Organisation to declare mpox a global public health emergency last Wednesday.

Europe’s ******** prevention agency said on Friday more imported cases will appear in the region, a day after Sweden reported its first case of mpox linked to the new strain.

Danish-listed shares of Bavarian Nordic, which makes an mpox vaccine, were down 4.1 per cent at 271.80 Danish crowns ($40.22). They had jumped 20 per cent on Friday, and rose 50 per cent last week on growing concerns over the virus.

Siga Technologies’ shares were up 1.3 per cent . The stock fell nearly 20 per cent on Thursday after the company’s mpox ***** ******* to meet the main goal in a study.

($1 = 6.7584 Danish crowns)

• Published On Aug 20, 2024 at 07:11 AM IST

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