GeoVax tumbles as HHS ends mid-stage COVID vaccine trial

ReutersApr 14, 2025 9:02 PM

Shares of drug developer GeoVax Labs GOVX.O fall 16% to 89 cents in extended trading

The U.S. Department of Health and Human Services has decided to terminate GeoVax's COVID-19 vaccine project contract — SEC filing

The reason for the termination is stated as "convenience to the government"

GeoVax received a stop-work notice from Advanced Technology International (ATI) directing them to halt all activities related to the project

The project was funded by the Biomedical Advanced Research and Development Authority (BARDA), a division of HHS

The COVID-19 vaccine was in the mid-stage trial

As of last close, stock fell 5.7% YTD

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