A biotech developing a synthetic biology Covid-19 vaccine comes up short in first data readout — and investors are fleeing

One of the biotechs betting on its vaccine platform proving useful in the long-term fight against Covid-19 reported a new batch of data Friday morning, and it’s not making many investors happy.

Seattle-based Icosavax said that one of its “virus-like particle” programs aiming to protect against SARS-CoV-2 came in “below...

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