Why Was Vir Biotechnology Up 74% in February? [The Motley Fool]
Vir Biotechnology, Inc. (VIR)
Company Research
Source: The Motley Fool
What happened Shares of Vir Biotechnology ( NASDAQ:VIR Global Market Intelligence 00 Why the dominant outperformance? Vir is one of a handful shot up Of course it's way too early for trial data, and it will likely be years before any drug is approved by the Food and Drug Administration (FDA). Nonetheless, in a COVID-9 meltdown, small-cap stocks Image source: Getty Images. So what Vir's market cap is $. billion dollars now. That is very expensive for a company that has no profits, and only had $0 million in revenue last year. Vir's most advanced molecule is its hepatitis B treatment, Vir-8, in phase trials. If it works, Vir-8 will be a billion-dollar molecule for sure. So for long-term investors, progress on its hepatitis B drug is far and away the most important thing about this biotech. Driving the incredible gains in the share price in the short term, of course, is its COVID-9 program. And it's not like the market is bullish about good news from a clinical trial. The company has
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VIR
News
- Vir Biotechnology, Inc. (VIR) Reports Q1 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Vir Biotechnology Provides Corporate Update and Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Vir Biotechnology Provides Corporate Update and Reports First Quarter 2024 Financial ResultsBusiness Wire
- GSK Beats Q1 Earnings & Sales Estimates, Ups 2024 Guidance [Yahoo! Finance]Yahoo! Finance
- Vir Biotechnology to Participate in the BofA Securities Healthcare Conference 2024Business Wire
VIR
Earnings
- 5/2/24 - Beat
VIR
Analyst Actions
- 2/23/24 - JP Morgan
VIR
Sec Filings
- 5/2/24 - Form 8-K
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- VIR's page on the SEC website