Morgan Stanley Reiterates Rating on VIR $VIR
Key Points
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Morgan Stanley reiterated its rating on Vir Biotechnology, Inc. ($VIR) to a "buy" rating in a recent research note and set a price target of $27, a 217.27% upside from the current price.
Vir Biotechnology, Inc. Stock Down 21.4%
Shares of Vir Biotechnology, Inc. ($VIR) traded around $8.51 on Saturday, down 21.4% for the day.
Vir Biotechnology, Inc. Earnings
Analysts Set New Price Targets
About Vir Biotechnology, Inc.
Vir Biotechnology, Inc., a clinical-stage biopharmaceutical company, discovers and develops therapeutic products to treat and prevent serious infectious diseases in the United States and internationally. Its clinical development pipeline consists of product investigational therapies targeting hepatitis delta virus (HDV) and other solid tumors. The company's preclinical candidates include those targeting influenza A and B antibodies and antibody drug conjugates, and coronavirus monoclonal antibodies; and PRO-XTEN, a dual-masked TCEs targeting variety of solid tumors. It has grant collaboration and license agreement with Astellas; license agreement with Norgine for the treatment of CHD; amended and restated letter agreement with the Gates Foundation; an option and license agreement with Brii Biosciences Limited; a collaboration and license agreement with Alnylam Pharmaceuticals, Inc.; license agreement with the Institute for Research in Biomedicine; a license agreement with The Rockefeller University; license agreements with Xencor; and a collaborative research agreement with GlaxoSmithKline Biologicals S.A. Vir Biotechnology, Inc. was incorporated in 2016 and is headquartered in San Francisco, California.
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