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Atea Pharmaceuticals, Inc. (NASDAQ: AVIR) is a clinical-stage biopharmaceutical company based in Boston, Massachusetts, dedicated to discovering, developing, and commercializing oral antiviral therapies aimed at treating severe viral diseases. Founded in 2012, Atea focuses on addressing unmet medical needs, particularly in serious viral infections caused by single-stranded RNA viruses.
The company's leading product candidate is AT-527 (bemnifosbuvir), an antiviral agent developed for treating COVID-19, caused by the SARS-CoV-2 virus. Currently, AT-527 is undergoing Phase 3 clinical trials. Additionally, the combination of bemnifosbuvir and ruzasvir, an oral NS5A inhibitor, is being developed for treating Hepatitis C Virus (HCV) and has shown promising results in Phase 2 trials. This combination therapy aims to provide a highly potent pan-genotypic antiviral treatment with a short treatment duration and fewer contraindications, particularly beneficial for HCV patients.
Beyond COVID-19 and HCV, Atea is also advancing other antiviral therapies in its pipeline, including AT-787 for Hepatitis C (under Phase 2 clinical trial), AT-752 for Dengue (under Phase 2 trial), and other candidates like AT-889 and AT-934 for Respiratory Syncytial Virus (currently under clinical trials).
Recent achievements include positive initial data from a Phase 2 study of bemnifosbuvir and ruzasvir for HCV, showing a 97% sustained virologic response rate at 12 weeks post-treatment. Furthermore, Atea has completed enrollment for the Phase 3 SUNRISE-3 trial for treating high-risk COVID-19 patients, with results expected in the second half of 2024.
Financially, Atea reported a solid cash position of $578.1 million as of December 31, 2023, enabling them to continue advancing their clinical programs. Collaborations and strategic partnerships play a crucial role in Atea’s progress, helping to broaden its scope and enhance its therapeutic offerings.
Investors and stakeholders can stay informed about Atea’s developments through their regular updates, financial reports, and participation in industry conferences. For more information, visit their official website at www.ateapharma.com.
Atea Pharmaceuticals, Inc. (Nasdaq: AVIR) announced six upcoming presentations at the 36th International Conference on Antiviral Research (ICAR) from March 13-17, 2023, in Lyon, France. Key presentations include:
- The synergistic effects of Bemnifosbuvir and Ruzasvir in treating HCV.
- Low risk of drug-drug interactions for Bemnifosbuvir.
- Pharmacokinetics of [14C]-Bemnifosbuvir.
- Bemnifosbuvir as a potent inhibitor of SARS-CoV-2 variants.
- AT-752 targeting Dengue virus replication.
- Cellular enzymes in the activation pathway of Bemnifosbuvir.
Atea focuses on developing oral therapies for serious viral infections and aims to expand its antiviral pipeline.
Atea Pharmaceuticals (Nasdaq: AVIR) reported its fourth-quarter and full-year 2022 financial results, showing a net loss of $34.4 million and a decline in cash and equivalents to $646.7 million. The company continues enrollment in its Phase 3 SUNRISE-3 trial for bemnifosbuvir, targeting COVID-19 treatment in high-risk patients, with an interim analysis expected in the second half of 2023. Atea has also deprioritized its dengue program to focus on COVID-19 and HCV, with a Phase 2 trial of bemnifosbuvir and ruzasvir for hepatitis C anticipated to start in Q2 2023. The overall research and development expenses decreased significantly due to the cessation of its collaboration with Roche.
Atea Pharmaceuticals, Inc. (Nasdaq: AVIR) announced promising results from three Phase 1 studies of bemnifosbuvir presented at the CROI conference (Feb 19-22, 2023). The data indicates that bemnifosbuvir has a favorable drug-drug interaction profile, requiring no dosage adjustments when co-administered with CYP3A substrates and other commonly prescribed medications for patients at risk of severe COVID-19. This investigational antiviral is currently being evaluated in the Phase 3 SUNRISE-3 trial targeting high-risk non-hospitalized COVID-19 patients. The findings highlight bemnifosbuvir's potential to safely enhance treatment options for vulnerable populations.
Atea Pharmaceuticals, Inc. (Nasdaq: AVIR) announced a live conference call scheduled for February 28, 2023, at 4:30 p.m. ET. The call will disclose financial results for the fourth quarter and full year ended December 31, 2022, alongside a business update. Atea focuses on developing oral therapies for serious viral diseases, including COVID-19 and hepatitis C, utilizing its proprietary nucleos(t)ide prodrug platform. The event will be accessible via registration, with a live webcast available on the Atea website. Archived content will be accessible for 90 days post-event.
BOSTON, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Atea Pharmaceuticals, Inc. (Nasdaq: AVIR) announced two poster presentations at the Conference on Retroviruses and Opportunistic Infections (CROI) taking place from February 19-22, 2023, in Seattle. The posters include:
- Poster 512: No Dose Adjustments for CYP3A4 Substrates with Bemnifosbuvir
- Poster 513: Bemnifosbuvir Has Low Potential to Inhibit P-gp, BCRP, and OATP1B1 Mediated Transport
Atea focuses on developing oral therapies for severe viral diseases and utilizes a proprietary nucleos(t)ide prodrug platform to create candidates targeting ssRNA viruses like COVID-19, dengue, and hepatitis C.
BOSTON, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Atea Pharmaceuticals, Inc. (Nasdaq: AVIR) announced that its CEO, Jean-Pierre Sommadossi, will present a business update during a fireside chat at the SVB Securities Global Biopharma Conference on February 14, 2023, at 3:00 p.m. ET. A live webcast of the event will be accessible here and will remain available for 90 days after the event.
Atea specializes in developing oral therapies for severe viral diseases, focusing on antiviral treatments for COVID-19, dengue, and HCV.
Atea Pharmaceuticals (Nasdaq: AVIR) provided a clinical update, highlighting progress in its pipeline for 2023. The SUNRISE-3 Phase 3 trial for bemnifosbuvir, targeting high-risk, non-hospitalized COVID-19 patients, continues with interim analysis expected in 2H23. The company anticipates proof-of-concept results for AT-752 for dengue in 1Q23, and initiation of a Phase 2 study of bemnifosbuvir and ruzasvir for Hepatitis C in 2Q23, with data expected in 4Q23. Atea boasts a strong balance sheet to support these initiatives through 2025.
Atea Pharmaceuticals (Nasdaq: AVIR) announced that CEO Jean-Pierre Sommadossi will present a business update at the 41st Annual J.P. Morgan Healthcare Conference on January 11, 2023, at 3:00 p.m. PT in San Francisco. A live webcast of the presentation will be available on Atea's website and will remain accessible for 90 days. Atea, a clinical-stage biopharmaceutical company, focuses on developing oral therapies for severe viral diseases, including COVID-19, dengue, and hepatitis C.
Atea Pharmaceuticals (AVIR) has initiated the SUNRISE-3 Phase 3 trial to evaluate bemnifosbuvir, an oral antiviral treatment for COVID-19, in high-risk non-hospitalized patients. The trial aims to enroll at least 1,500 participants and will assess its efficacy against hospitalization and death. Bemnifosbuvir targets the SARS-CoV-2 RNA polymerase, boasting a unique mechanism that helps mitigate resistance. Previous late-stage trials indicated a 71% reduction in hospitalization rates for treated patients compared to placebo. This development highlights Atea's focus on unmet medical needs in COVID-19 treatment.
Atea Pharmaceuticals, Inc. (Nasdaq: AVIR) announced that CEO Jean-Pierre Sommadossi and the management team will present a business update at the 5th Annual Evercore ISI HealthCONx Conference on November 29 at 9:40 a.m. ET. A live webcast will be available on the company’s website, with an archived version accessible for 90 days post-event.
Atea focuses on developing oral antiviral therapies for severe diseases, including COVID-19, hepatitis C, and dengue, leveraging its nucleos(t)ide prodrug platform to address unmet medical needs.
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