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Inovio Pharma drops on stock offering plans

By Reuters News

** Inovio Pharmaceuticals' INO.O shares down 22.1% to $1.13 in extended trading as it seeks equity raise

** Biotech firm announces stock offering without disclosing deal size

** Jefferies and Piper Sandler joint bookrunners

** INO shares more than tripled to close at $1.89 on Mon after the US FDA approved co's rare throat disease treatment, branded as Voceryq

** Plymouth Meeting, Pennsylvania-based INO has ~110.2 mln shares outstanding as of Sept 30, per the prospectus

** INO shares finished down 10.5% at $1.45 on Thurs

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