earnings
confidence high
sentiment neutral
materiality 0.60
Vir Biotechnology reports Q4 and full year 2024 financial results and pipeline updates
Vir Biotechnology, Inc.
2024-FY EPS reported
-$3.83
revenue$74,205,000
- Cash, cash equivalents and investments of $1.10 billion as of Dec 31, 2024, providing cash runway into mid-2027.
- Net loss for Q4 2024 was $104.6 million ($0.76 per share) vs $116.0 million ($0.86 per share) in Q4 2023.
- Phase 3 ECLIPSE registrational program in chronic hepatitis delta on track for first patient in first half of 2025.
- Initial Phase 1 data for VIR-5818 showed tumor shrinkage in 50% (10/20) of participants at doses ≥400 µg/kg.
- Company plans to initiate Phase 1 study of VIR-5525, dual-masked EGFR-targeting T-cell engager, in first half 2025.