Vaccine maker ETF rises to Trump’s positive proclamation

Vaccine makers were climbing during Thursday’s volatile market session when investors took President Trump’s bullish proclamation on Wednesday that a vaccine to treat COVID-19 is closer than many expected to hear.

Inovio Pharmaceuticals (INO) – Get report jumped more than 17% on Thursday, while Sorrento (SRNE) – Get report Almost 14% up. On Tuesday Inovio said he received $ 71 million from the United States Department of Defense to increase production of his smart devices that deliver his experimental coronavirus vaccine, INO-4800, to the skin.