Inovio Pharma's drug to treat cervical lesions meets trial goal

Wed Jul 23, 2014 10:30am EDT

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(Reuters) - Inovio Pharmaceuticals Inc said its drug to treat abnormal growth of pre-cancerous cells on the surface of the cervix met its main goal in a mid-stage trial.

Inovio shares jumped 27 percent to a three-month high of $14.14 on the American Stock Exchange. They were up 23.5 percent at $13.78 in morning trade.

The pre-cancerous cells, commonly know as cervical dysplasia, are caused by the human papillomavirus (HPV), a sexually transmitted disease. Left untreated, the condition can sometimes worsen to an early form of cancer.

The drug, code named VGX-3100, was effective in treating pre-cancerous cervical disease and cleared HPV infection, the company said.

(Reporting by Anand Basu; Editing by Don Sebastian)

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