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Take the first federal investigation Linked to vaccine anti-covid. the SECOND in fact, it examines the recent actions of the biotech giant Vaxart, which would have intentionally exaggerated its role in a government vaccine development program, called Operation Warp Speed.
False communications that would have pushed investors to bet heavily on the Californian company, not in vain the issue of a ride on the stock market that led from 3 to 17 dollars In a few weeks.
The program Operation Warp Speed of the United States government aims to develop vaccines and treatments for coronavirus. Vaxart would have highlighted too much, and amplifying his characteristics, his participation in the plan.
In those situations, the hurry to the vaccine proved capable of boosting stock to + 2500%.
The same company has announced that it has been officially investigated by the Securities and Exchange Commission since last October 14, after a grand jury notification from the California District Court that arrived in July.
Anti-covid vaccine: the first investigation is activated
In June, Vaxart published a press release in which he presented his vaccine as “Selected for US Government Operation Warp Speed”.
Put in these terms, the news helped push the stock price to nearly $ 17, giving you just $ 3 up front. Plus the hedge fund Armistice Capital, in which Vaxart controlled, sold shares at a profit of more than $ 200 million as stated in SEC docs.
Just a few weeks before the announcement, Vaxart had changed the warrant agreements, a circumstance that allowed Armistice to sell almost all the shares when their price had soared.
In July, however, the U.S. Department of Health and Human Services (HHS) told al New York Times never having reached an agreement with Vaxart.
The company was not chosen to participate in Operation Warp Speed, but, the Department specified, it had a “Limited participation”.
But the biotech giant remains in their positions for now, stating that the role in the government plan is clear and any contrary news can be denied:
“The Vaxart study was organized and funded by Operation Warp Speed, as stated in the company’s press release on June 26, 2020. The statements contained in that press release are accurate and any allegations to the contrary are without foundation. “.
In the meantime, however, the collapse in the stock market appears to continue in an inevitable race: despite the fact that on October 14 Vaxart announced encouraging results related to the doses of its covid vaccine, the stock has slid to share. . 6 dollars.
