iBio (IBIO) Stock Rockets As COVID-19 Cases Grow

iBio IBIO Stock News

iBio Inc (NYSEAMERICAN: IBIO) is flying in the market this morning, trading on gains of more than 20%. However, the most recent news issued by the company was issued last week. So, what’s the deal? Here’s why the stock is headed up:

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COVID-19 Growth Sends IBIO Stock Skyward

We thought that COVID-19 was getting behind us. We thought the pandemic was coming to an end. Then, the economy reopened, and now it seems as though a resurgence of the pandemic is taking place. 

In a single day last week, the United States saw 50,000 new cases. Florida and other states are seeing record case counts alost every day, and it’s becoming very clear that the coronavirus pandemic is still alive.

That’s where iBio comes in. The company was one of the first to announce that it was working on a vaccine for the Wuhan coronavirus, and it has the tech to be a key player.

In fact, IBIO is the owner of the FastPharming Facility. The facility was commissioned by government authorities in an attempt to provide a weapon in the fight against pandemic outbreaks. Through the FastPharming Facility, the company has the ability to produce vaccines at a rapid rate.

So, not only is the company working on COVID-19 vaccine candidates. If one of these candidates is approved for a commercial launch, the company has the ability to produce massive amounts of the vaccine in a very short period of time, giving it a competitive advantage.

The Bottom Line

The bottom line here is simple. iBio was one of the first to start development of a vaccine for the Wuhan coronavirus. Moreover, the company has the only FastPharming facility in the United States, giving it the ability to mass produce vaccines.

This competitive advantage is massive and could lead to IBIO being a cornerstone in the vaccination against the virus that causes COVID-19. All in all, this could be a massive opportunity.

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