Prediction: This Pharma Stock Will Be the Best Performer the Rest of 2024
Market pullbacks can make nervous investors leery of investing in industries that are more speculative. Wall Street still has big expectations for Vir Biotechnology.
NASDAQ: VIR
Vir Biotechnology, Inc. is a clinical-stage biopharmaceutical company focused on discovering and developing medicines for serious infectious diseases and cancer by harnessing the immune system. Its most advanced program targets chronic hepatitis delta (CHD), the most severe form of chronic viral hepatitis, using a combination regimen of elebsiran (an HBV-targeting siRNA licensed from Alnylam) and tobevibart (a broadly neutralizing monoclonal antibody targeting HBsAg). The company's ECLIPSE registrational program comprises three Phase 3 trials designed to support global regulatory filings. In oncology, Vir is developing a pipeline of PRO-XTEN dual-masked T-cell engagers (TCEs) designed to remain inactive until reaching the tumor microenvironment, including VIR-5500 (PSMA-targeted, for prostate cancer, partnered with Astellas), VIR-5818 (HER2-targeted), and VIR-5525 (EGFR-targeted). The company also maintains a preclinical portfolio of masked TCEs directed at clinically validated solid tumor targets and programs across infectious diseases. Updated
Market pullbacks can make nervous investors leery of investing in industries that are more speculative. Wall Street still has big expectations for Vir Biotechnology.
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Vir Biotechnology shares jumped on Tuesday after the firm announced that it would be expanding its late-stage COVID-19 study in conjunction with GlaxoSmithKline.
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Vir Biotechnology, Inc. is a clinical-stage biopharmaceutical company focused on discovering and developing medicines for serious infectious diseases and cancer by harnessing the immune system.