Invivyd (NASDAQ: IVVD), a biopharmaceutical company focused on developing protection against serious viral infectious diseases, is back in the spotlight with notable share price movement.
IVVD shares closed Monday’s regular session at $0.56, but surged 73% to $0.97 in Tuesday’s pre-market trading following renewed attention on its monoclonal antibody candidate positioned as an alternative to traditional COVID-19 vaccines.
The spike followed a report from STAT News’ Adam Feuerstein, who highlighted Invivyd as a potential COVID-19 vaccine alternative amid growing political skepticism toward conventional immunizations.
The company’s proprietary INVYMAB platform integrates viral surveillance, predictive modeling, and advanced antibody engineering to deliver next-generation therapies, beginning with SARS-CoV-2.
New funding round impact
Investor momentum has also been buoyed by a $58 million financing round backed by RA Capital and Janus Henderson, with Fidelity listed among institutional holders. This support has reinforced confidence in Invivyd’s long-term development path.
The rally coincides with reports of a possible U.S. policy shift, as the Donald Trump administration and Health and Human Services Secretary Robert F. Kennedy Jr. are said to be weighing reduced support for traditional COVID-19 vaccines.
Such developments have sharpened market focus on alternatives like Invivyd’s antibody-based approach.
It’s worth noting that Invivyd shares previously spiked nearly 193% in February after positive safety and pharmacokinetic data.
Featured image via Shutterstock
Source: https://finbold.com/this-fidelity-stock-rockets-over-70-on-covid-19-alternative-vaccine-time-to-buy/