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Stock impact report

IBIO Stock Will Continue to Slide Lower After Speculative COVID-19 Surge [Yahoo! Finance News]

INTEGRATED BIOPHARMA INC (INBP) 
US:NASDAQ Investor Relations: ibiopharma.com
During the time of Ebola outbreak, there was one company whose stock price surged by 400%. The same company ended uppaying $1.9 million in a false claim lawsuitiBioIBIOIBIO Stock Will Continue to Slide Lower After Speculative COVID-19 SurgeThe reason for the sharp move was the company’s claims on work toward the development of COVID-19 vaccine. And that earlier Ebola matter? Yes, you guessed it — iBio is the same company that had a shell out the nearly $2 million to settle the claim in fiscal 2015.While avaccination for COVID-19InvestorPlace - Stock Market , Stock Advice & Trading TipsLooking back, the company was spun-off from Integrated BioPharma in August 2008. More than a decade later and the company has not completed the development nor commercialized any vaccine or therapeutic product. This does not infuse optimism and, at best, the stock is worth speculating with limited exposure.The point I am making already seems to have been sensed by the markets. After closing at a high of Show less Read more
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