Vir Biotechnology

Vir Biotechnology, Inc. operates as a clinical-stage immunology company that focuses on combining immunologic insights with cutting-edge technologies to treat and prevent serious infectious diseases. The firm's technology platforms include antibody, T cell, innate immunity and siRNA, which are designed to stimulate and enhance the immune system by exploiting critical observations of natural immune processes. The company was founded by Robert Taylor Nelsen, Klaus Frueh, Jay Parrish, Lawrence Corey, and Louis Picker in April 7, 2016 and is headquartered in San Francisco, CA.

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Vir Biotechnology reports Q2 results, focuses on breakthrough therapies

Vir Biotechnology's Q2 2023 performance reflects strong financial discipline and a focus on advancing breakthrough therapies for infectious diseases.
Despite challenges in trial outcomes and treatment durations, Vir's robust cash position and diverse pipeline position it well for future growth.
The company's strategic strengths in capitalization, pipeline diversity, and commitment to medical innovation present promising opportunities for continued success.

Vir Biotechnology reports Q3 loss, eyes growth in diverse sectors

Vir Biotechnology's Q3 2023 performance reflected revenue decline, high R&D expenses, and a consolidated net loss, offset by strong financial position.
Strengths include a robust financial standing, advancements in next-generation antibodies, and application of trial learnings to enhance analysis.
Challenges encompass expansion into new sectors, regulatory criteria, and dose calibration, while opportunities exist in HIV programs and strategic expansions.
Overall, Vir Biotechnology navigates financial challenges with a focus on innovation and growth in diverse therapeutic areas.

Vir Biotechnology advances hepatitis treatments amidst financial growth and challenges

Vir Biotechnology's Q4 2023 performance reflects progress in drug development for hepatitis delta, hepatitis B, and HIV, supported by a strong financial position.
While facing challenges such as leadership transitions and pipeline restructuring, the company remains focused on clinical trial enrollment and cost management.
Opportunities lie in sharing trial data, expanding treatment regimens, and collaborating for improved disease management, positioning Vir for future growth and innovation.
Strategic allocation of resources and a commitment to advancing therapeutic solutions underscore Vir's resilience and potential for long-term success in the biopharmaceutical industry.

Vir Biotechnology excels in Q1 trials, eyes transformative growth

Vir Biotechnology's Q1 performance reflects progress in clinical trials and strategic initiatives, positioning the company for transformative growth in 2024.
Despite leadership changes and regulatory challenges, Vir Biotechnology's strong pipeline and global study designs offer resilience and potential for market success.
The upcoming data presentations and trial milestones present key opportunities for Vir Biotechnology to solidify its position in the biopharmaceutical industry and drive shareholder value.

Vir Biotechnology reports breakthrough results in hepatitis delta treatment

Vir Biotechnology's Q3 2024 earnings call highlighted promising results from the SOLSTICE trial in chronic hepatitis delta and strategic collaborations with Sanofi.
The company's financial performance and pipeline updates demonstrate a strong foundation for growth and innovation in the biopharmaceutical industry.
While facing challenges in regulatory complexities and financial management, Vir Biotechnology remains well-positioned to capitalize on opportunities in transformative therapies.
Overall, Vir's focus on advancing hepatitis programs and T-cell engagers underscores a commitment to addressing critical medical needs and driving shareholder value.

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GlaxoSmithKline

The European Commission (EC) has granted marketing authorization to GlaxoSmithKline plc (NYSE: GSK) and Vir Biotechnology Inc's (NASDAQ: VIR) Xevudy (sotrovimab) for the early treatment of COVID-19.  Sotrovimab is now approved in the European Union (EU) for adults and adolescents (aged 12 years & above and weighing at least 40kg) with COVID-19 who do not require supplemental oxygen and are at increased risk of progressing to severe COVID-19.

Glaxo-Vir Biotech's Antibody Approved In Europe For Early Treatment Of COVID-19

LONDON and SAN FRANCISCO, Dec. 17, 2021 (GLOBE NEWSWIRE) -- GlaxoSmithKline plc (LSE/NYSE: GSK) and Vir Biotechnology, Inc. (Nasdaq: VIR) today announced that the European Commission (EC) has granted marketing authorization to Xevudy (sotrovimab) for the early treatment of COVID-19. Sotrovimab is now approved in the European Union (EU) for the treatment of adults and adolescents (aged 12 years and over and weighing at least 40kg) with COVID-19 who do not require supplemental oxygen and who are at increased risk of progressing to severe COVID-19.

Xevudy (Sotrovimab) Granted Marketing Authorization by the European Commission for the Early Treatment of COVID-19

The immunology specialist says it can help combat omicron.

Why Vir Biotechnology Stock Surged Today

Vir Biotechnology Inc (NASDAQ: VIR) announced new preclinical data, published to the preprint server  bioRxiv , demonstrating the impact of the significant antigenic shift of the new COVID-19 omicron variant (B.1.1.529).  A significant reduction in plasma neutralizing activity was observed against omicron in sera from vaccinated and convalescent individuals.

Why Are Vir Biotech Shares Gaining Today?

– Data demonstrate sotrovimab, developed by Vir in conjunction with GlaxoSmithKline, continues to retain in vitro neutralizing activity against all tested variants of concern, including Omicron –

Preclinical Data Highlight the Significant Antigenic Shift of the Omicron SARS-CoV-2 Variant and its Effect on the Neutralizing Activity of Monoclonal Antibodies, Convalescent Antibodies and Vaccine-Elicited Antibodies

– Trial to evaluate antigen suppression combined with immunomodulation as a functional cure regimen for chronic HBV –

Vir Biotechnology Announces Initiation of Phase 2 Clinical Trial Evaluating VIR-2218, Selgantolimod and Nivolumab for the Treatment of Chronic Hepatitis B Virus Infection

The stock price of Vir Biotechnology Inc (NASDAQ: VIR) increased by over 11% today. This is why it happened.

Vir Biotechnology Stock (VIR): Why The Price Jumped Today

GlaxoSmithKline plc (NYSE: GSK) said that its antibody-based COVID-19 therapy with U.S. partner Vir Biotechnology Inc (NASDAQ: VIR) is effective against all mutations of the new Omicron coronavirus variant, citing new data from preclinical studies. The data shows that the companies' treatment, sotrovimab, is effective against all 37 identified mutations to date in the spike protein.

Preclinical Data Shows GSK-Vir COVID-19 Drug Works Against All Omicron Mutations

A second batch of preclinical data shows sotrovimab is effective against all 37 mutations identified to date in the spike protein of Omicron.

Glaxo and Vir Antibody Drug Works on Omicron Mutations, New Data Show

--Company to Host Conference Call on Tuesday, December 7, 2021, at 8:30 am ET-- --Company to Host Conference Call on Tuesday, December 7, 2021, at 8:30 am ET--

Vir Biotechnology to Host a Call on Sotrovimab's Retained Activity Against the Omicron SARS-CoV-2 Variant

– New preclinical findings generated through in vitro testing of sotrovimab against the complete pseudo-virus updated to bioRxiv

Preclinical Studies Demonstrate Sotrovimab Retains Activity Against the Full Combination of Mutations in the Spike Protein of the Omicron SARS-CoV-2 Variant

Glaxo (GSK) and Vir Biotechnology announce promising pre-clinical data from the study of their antibody candidate, sotrovimab, against mutations found in the Omicron variant.

Glaxo (GSK), Vir COVID Drug Appears Effective Against Omicron

The stock price of Vir Biotechnology Inc (NASDAQ: VIR) increased by over 20% pre-market today. This is why it happened.

Vir Biotechnology (VIR) Stock: Why The Price Surged Today

GlaxoSmithKline plc (NYSE: GSK) and Vir Biotechnology Inc (NASDAQ: VIR) have announced an update to bioRxiv, a preprint server, with preclinical data for sotrovimab, COVID-19 targeting monoclonal antibody. The data demonstrated that sotrovimab retains activity against key mutations of the new Omicron SARS-CoV-2 variant, including those found in the binding site of sotrovimab.

Vir Biotech - GSK's COVID-19 Antibody Shows Preclinical Activity Against Omicron Variant

GlaxoSmithKline says early tests show that its antibody treatment was effective against the new strain, which was first identified in southern Africa.

Glaxo and Vir Say Early Tests Show Antibody Drug Works Against Omicron

– Preclinical data demonstrate sotrovimab, authorized in multiple countries around the world, retains activity against all tested variants of concern, including key mutations of Omicron –

Preclinical Data Demonstrate Sotrovimab Retains Activity Against Key Omicron Mutations, New SARS-CoV-2 Variant

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The shares of Vir Biotechnology Inc (NASDAQ: VIR) have received a price target of $200 from H.C. Wainwright.

Vir Biotechnology (VIR) Stock: $200 Price Target From H.C. Wainwright

H.C. Wainwright has raised the Vir Biotechnology Inc (NASDAQ:VIR) price target to $200 from $135, suggesting an upside of 330%. Analyst Patrick Trucchio reiterates a Buy rating on the stock.

Why Did HC Wainwright Beef Up Vir Biotech's Target Price?

An analyst upped his price target for the biotech stock.

Why Vir Biotechnology Stock Is Soaring Today

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Why Vir Biotechnology Is Up More Than 13% Today

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VIR's sotrovimab is a monoclonal antibody that binds to a highly conserved domain on the SARS-COV2 virus. The emergence of the South African variant has shown why mAbs are still highly relevant to treating covid-19 patients.

Vir Biotechnology: mAbs Gaining Traction After New South African Covid Variant

Glaxo (GSK) and Vir Biotechnology (VIR) sign purchase contract with the U.S. government to supply doses of sotrovimab worth approximately $1 billion by next month.

News for Vir Biotechnology Stock (VIR)