Vir Biotechnology Q4 revenue beats estimates

Reuters
02/24
<a href="https://laohu8.com/S/VIR">Vir Biotechnology</a> Q4 revenue beats estimates

Overview

  • Biopharmaceutical firm's Q4 revenue beat analyst expectations, driven by Norgine license revenue

  • Company reported a net loss for Q4, decreased compared to last year

  • Company announced collaboration with Astellas for prostate cancer treatment development

Outlook

  • Vir expects cash reserves to fund operations into Q2 2028

Result Drivers

  • NORGINE LICENSE REVENUE - Q4 revenue increase driven by $64.3 mln license revenue from Norgine agreement for hepatitis delta treatment

  • COST SAVINGS - Decrease in R&D and SG&A expenses due to cost savings from restructuring initiatives

Company press release: ID:nBwbtQvVSa

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Beat

$64.10 mln

$23.18 mln (6 Analysts)

Q4 EPS

-$0.31

Q4 Net Income

-$42.9 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the biotechnology & medical research peer group is "buy"

  • Wall Street's median 12-month price target for Vir Biotechnology Inc is $14.50, about 95.2% above its February 23 closing price of $7.43

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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