Monkeypox spreads in Canada: 5 vaccine stocks to keep on your radar

May 28, 2022 12:01 AM EDT | By Kajal Jain
Follow us on Google News:


  • Cases of monkeypox are increasingly being reported across the world, including Canada. 
  • Healthcare stocks, particularly the vaccine makers, are again in the spotlight as monkeypox.
  • SIGA Technologies’ IV product has reportedly been highlighted to be used for monkeypox treatment by the CDC.

Healthcare stocks, particularly vaccine makers, are back in the spotlight as cases of monkeypox are increasingly being reported across the world, including Canada. 

Public Health Agency of Canada (PHAC) reported a total of 26 confirmed cases of monkeypox in the country on Thursday, May 26. Apart from Quebec, Ontario too has reported its first case of the disease, as per PHAC.

Montreal public health has been examining oral and genital ulceration cases since May 12 to find a clue to monkeypox. The nation's health authorities said that close and prolonged contact is needed for monkeypox to spread, due to which, the risk of transmission is said to be comparatively lower than COVID-19.

According to the Centres for Disease Control and Prevention (CDC), monkeypox originated from the same family of viruses as variola that causes smallpox. Experts believe that smallpox vaccines can potentially protect against the monkeypox virus. Historical records from Africa also suggest that the smallpox vaccine can be at least 85 per cent effective against monkeypox.

Let us discuss five vaccine stocks to watch amid surging monkeypox cases in Canada.

SIGA Technologies Inc (NASDAQ: SIGA, SIGA: US)

SIGA Technologies Inc delivered its first delivery of intravenous (IV) TPOXX, worth about US$ 7 million, under the Biomedical Advanced Research and Development Authority (BARDA) base contract in Q1 2022. The company's IV product has reportedly been highlighted to be used for monkeypox treatment by the CDC.

SIGA Technologies received a contract from the U.S. Department of Defense (DoD) on May 12 to procure up to US$ 7.5 million of oral TPOXX. Under this contract, about US$ 3.6 million of oral TPOXX is scheduled for delivery this year, and the remaining contract is optional and can be exercised at the discretion of the agency.

SIGA stock zoomed by about 19 per cent in one week. According to Refinitiv data, its Moving Average Convergence/ Divergence (MACD) indicator significantly grew above its zero line and its Relative Strength Index (RSI) also breached 80-mark (overbought) in May.

Also read: Can monkeypox wreck stock markets? Which TSX stocks to bag for safety?

Chimerix Inc (NASDAQ: CMRX, CMRX: US)

Chimerix Inc is an American biopharma firm that developed TEMBEXA®, a treatment for smallpox for patients of all age groups and those with difficulty in swallowing. The FDA approved this oral antiviral formulation for smallpox treatment on June 4, 2021. On May 16, Chimerix signed a definitive agreement with Emergent Biosolutions Inc (NYSE: EBS, EBS: US) to sell TEMBEXA®.

CMRX stock was approximately up by 14 per cent up from a 52-week low of US$ 1.57 (May 17). CMRX’s RSI value was less than 30 on May 25, indicating that its stock was oversold in the market, as per Refinitiv.

Emergent Biosolutions Inc (NYSE: EBS, EBS: US)

Emergent Biosolutions is a small-cap company that produces speciality vaccines for public health threats. The US$ 1.7 billion market cap company already has its own smallpox vaccine, ACAM2000®. The addition of TEMBEXA® would expand and diversify its medical product portfolio.

EBS stock spiked by about 19 per cent in one week and held an RSI value of 49.53 on May 25, according to Refinitiv.

Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP, TNXP: US)

Tonix Pharmaceuticals is a US-based pharmaceutical firm developing a vaccine for smallpox and monkeypox, TNX-801. The clinical-stage firm believes that TNX-801 may reduce toxicity and offer potential safety compared to existing vaccines with side effects.

TNXP stock climbed almost four per cent in one week. However, its RSI stood at 24.8 on May 25, as per Refinitiv.

Inovio Pharmaceuticals Inc (NASDAQ: INO, INO: US)

Inovio Pharmaceuticals is a small-cap biotech company engaged in multiple clinical programs to develop DNA medicines to treat infectious diseases like COVID-19, Lassa fever, Ebola, etc. 

INO scrip jumped by roughly eight per cent from a 52-week low of US$ 1.6 (May 11). This biotech stock’ RSI value was marginally up from the oversold mark of 30 on May 25, as per Refinitiv findings.

SIGA, EBS, CMRX, TNXP and INO: 5 vaccine stocks to eye amid monkeypox spread

 Also read: MVY, PRSN, DAC: 3 Canadian social media stocks to buy instead of Snap?


With a rise is monkeypox cases, the vaccine stocks discussed above could see a surge in stock prices as demand for inoculation increases. However, it can be crucial to note that companies still developing vaccines are at a lesser advantage and riskier than those that have already commercialized helpful vaccines.

Please note, the above content constitutes a very preliminary observation based on the industry, and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks. 


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Top TSX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK