As a vaccine for treating COVID-19 patients is not ready yet to serve billions Oragenics (NYSE: OGEN) decides to join the rally by partnering with Avid Bioservices. Then, the penny stock starts to surge slowly in premarket by 15%.
On Thursday, OGEN gained 6.04% by nearly reaching $1.00 on the daily volume of 18,241,100 shares. Due to the cheap price, different traders may consider buying OGEN. Moreover, 12 months based EPS of -0.5230 isn’t as much bad as compared to other counterparts.
With the development of existing drug Terra CoV-2, Oragenics will proceed with clinical tests for improvement and after everything is done, Avid Bioservices is going to manufacture the prepared vaccine to neutralize SARS-COV-2.
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