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Vir Biotechnology Q3 2023 Earnings Report

Vir Biotechnology logo
$7.16 -0.19 (-2.59%)
(As of 05:27 PM ET)

Vir Biotechnology EPS Results

Actual EPS
-$1.22
Consensus EPS
-$1.21
Beat/Miss
Missed by -$0.01
One Year Ago EPS
N/A

Vir Biotechnology Revenue Results

Actual Revenue
$2.64 million
Expected Revenue
$12.57 million
Beat/Miss
Missed by -$9.93 million
YoY Revenue Growth
N/A

Vir Biotechnology Announcement Details

Quarter
Q3 2023
Time
N/A

Conference Call Resources

Conference Call Audio

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Vir Biotechnology Earnings Headlines

U.S. Government: “this could save civilization.”
Experts indicate that ChatGPT alone consumes up to 17,000 times more electricity than the average U.S. household uses in a single day. And with companies like Google and Microsoft implementing AI into everything we do, that energy consumption is only going to exponentially increase. Thing is, outside of a small group of elite investors, nobody has connected the dots on how this military contractor could be the most important company in the AI boom.
Vir receives FDA, EMA designations for tobevibart and elebsiran
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About Vir Biotechnology

Vir Biotechnology (NASDAQ:VIR), an immunology company, develops therapeutic products to treat and prevent serious infectious diseases. Its clinical development pipeline consists of product candidates targeting hepatitis delta virus (HDV), hepatitis B virus (HBV), and human immunodeficiency virus (HIV). The company's preclinical candidates include those targeting influenza A and B, coronavirus disease 2019, respiratory syncytial virus (RSV) and human metapneumovirus (MPV), and human papillomavirus (HPV). The company has grant agreements with Bill & Melinda Gates Foundation and National Institutes of Health; an option and license agreement with Brii Biosciences Limited; a collaboration and license agreement with Alnylam Pharmaceuticals, Inc.; license agreements with MedImmune, LLC; collaboration with WuXi Biologics (Hong Kong) Limited and Glaxo Wellcome UK Ltd.; and a collaborative research agreement with GlaxoSmithKline Biologicals S.A, as well as license agreement with Sanofi for three clinical-stage masked T-cell engagers (TCEs) and exclusive use of the protease-cleavable masking platform for oncology and infectious diseases. It also has a manufacturing agreement with Samsung Biologics Co.,Ltd. The company was incorporated in 2016 and is headquartered in San Francisco, California.

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