Why Vaxart Inc (VXRT) Stock Soared 95% Last Week: What Next?

At the end of another week, it might be a good time for investors to take stock of the situation and take a look at some of the notable gainers. One of the stocks to have recorded significant gains this past week was that of Vaxart Inc (NASDAQ:VXRT).

Why Vaxart Inc (VXRT) Stock Soared 95% Last Week: What Next?

The stock jumped by as much as 17% on Friday to take its gains for the whole week to 95%. The reason behind the optimism lies in a study released by the company in relation to its pill-based COVID 19 vaccine.

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The company announced that according to a study an additional 19 million adults in the United States would be vaccinated if a pill based vaccine was available.

The company stated that injections often prove to be a barrier for patients and hence a pill based vaccine could be the solution. Vaxart has completed the Phase 1 study of its pill based vaccine and the company believes that it could guard against the different COVID 19 variants as well.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.