Welcome to our dedicated page for Vir Biotechnology news (Ticker: VIR), a resource for investors and traders seeking the latest updates and insights on Vir Biotechnology stock.
Vir Biotechnology, Inc. (VIR) pioneers immunology solutions targeting complex infectious diseases through innovative platforms including antibody therapies, T cell engineering, and siRNA technology. This dedicated news hub provides investors and industry stakeholders with timely updates on clinical developments, strategic partnerships, and regulatory milestones.
Access authoritative updates on VIR's research pipeline, financial performance announcements, and scientific breakthroughs in infectious disease management. Our curated collection ensures transparent access to press releases spanning clinical trial progress, collaborative initiatives, and patent filings.
Key updates include advancements in hepatitis B/HIV therapies, influenza A research, and platform technology licensing agreements. Bookmark this page to efficiently monitor VIR's contributions to biotechnology and its evolving position in global health innovation.
Vir Biotechnology has successfully enrolled approximately 3,000 participants in the Phase 2 PENINSULA trial, assessing VIR-2482 for preventing influenza A illness. Initial results are anticipated in mid-2023. This trial is a landmark study as it explores a monoclonal antibody's role in flu prevention. The increasing severity of the flu season, highlighted by over 150,000 hospitalizations and 9,300 deaths in the U.S., underscores the urgent need for effective preventive measures. The trial's design focuses on efficacy, safety, and tolerability in healthy adults.
Vir Biotechnology has achieved a remarkable milestone by ranking first on the 2022 Deloitte Technology Fast 500, thanks to a staggering 125,138% revenue growth from fiscal years 2018 to 2021. This follows a 70th place ranking in 2021 for 2,383% growth. The CEO, George Scangos, attributes this success to the effective rollout of sotrovimab, a monoclonal antibody therapy for COVID-19, alongside a robust pipeline targeting serious infectious diseases. The company anticipates critical data readouts in hepatitis B, hepatitis D, and influenza A in 2023.
Vir Biotechnology announced promising results from ongoing trials of its HBV therapies, VIR-2218 and VIR-3434. Data revealed that 30.8% of participants achieved HBsAg seroclearance after 48 weeks of treatment combining VIR-2218 with pegylated interferon alpha. The trials showed substantial HBsAg reductions, with VIR-2218 demonstrating a mean decrease of -2.9 log10 IU/mL. No new safety concerns were reported. Additionally, findings from the Phase 2 MARCH trial indicated that the combination of VIR-2218 and VIR-3434 significantly reduced HBsAg levels.
Vir Biotechnology, Inc. announced a $55 million initial investment from BARDA, with a total potential of $1 billion for pandemic preparedness. The company is advancing Phase 2 data for hepatitis B, D, and influenza A, expected in 2023. Financially, Vir reported Q3 revenues of $374.6 million, significantly up from $103.6 million in Q3 2021, driven by collaboration revenue from GSK related to sotrovimab. Vir maintains a strong balance sheet with approximately $2.7 billion in cash, supporting its innovative portfolio.
Vir Biotechnology announced acceptance of four abstracts for presentation at the AASLD The Liver Meeting from November 4-8, 2022, in Washington, D.C. Key highlights include new safety and efficacy data from the Phase 2 MARCH trial involving investigational treatments VIR-2218 (siRNA) and VIR-3434 (monoclonal antibody). Notably, results indicate significant reductions in HBV viral DNA and HBsAg levels. The meeting will feature two oral presentations, including one deemed 'late-breaking,' and two poster presentations, showcasing promising developments in HBV treatment aimed at achieving functional cures.
Vir Biotechnology (Nasdaq: VIR) will provide a corporate update and report its third-quarter financial results on November 3, 2022. These results cover the period ending September 30, 2022, and will be released after market close. Investors can access the update through the company’s website. Vir focuses on immunology and has a development pipeline targeting serious infectious diseases, including COVID-19 and hepatitis. The company combines immunologic insights with advanced technologies to enhance immune response.
Vir Biotechnology has initiated the Phase 2 PENINSULA trial, dosing the first participant with the investigational monoclonal antibody VIR-2482, aimed at preventing influenza A illness. Funded partly by a $55 million U.S. government grant, this trial will assess the efficacy and safety of two doses in about 3,000 healthy adults aged 18 to 64. Initial data is expected in mid-2023. VIR-2482 is designed to provide broad strain protection throughout a flu season and may address the current flu vaccine efficacy gap of around 40%.
Vir Biotechnology announced that Phil Pang, M.D., Ph.D., their executive vice president and chief medical officer, will present at the H. C. Wainwright 3rd Annual Hepatitis B Virus (HBV) Conference on October 18, 2022, at 10:30 a.m. PT / 1:30 p.m. ET. A live webcast of the presentation can be accessed on the Vir website and will be available for 30 days.
Vir focuses on immunology and has a pipeline targeting serious infectious diseases such as COVID-19 and hepatitis B.
Vir Biotechnology announces a multi-year contract with the Biomedical Advanced Research and Development Authority (BARDA), initially valued at $55 million, to develop VIR-2482, a monoclonal antibody for influenza. The contract has the potential to extend up to $1 billion for influenza and other infectious disease candidates. The Phase 2 trial for VIR-2482 is anticipated to start in late 2022, with initial data expected by mid-2023. This collaboration is aimed at enhancing public health responses to infectious disease threats.
On September 22, 2022, Vir Biotechnology announced the dosing of the first patient in the Phase 2 SOLSTICE trial aimed at treating chronic hepatitis D virus (HDV) infection. This trial evaluates the efficacy of VIR-2218 and VIR-3434, a combination strategy designed to reduce HDV viremia and block viral entry. Approximately 12 million people worldwide are affected by HDV, underscoring the urgency for effective treatment options. The initial results from SOLSTICE are expected in 2023, marking a significant step forward in addressing this serious health challenge.
