Atea sees light at end of tunnel for troubled coronavirus pill

17 November 2021

In recent weeks, stellar results from Merck & Co (NYSE: MRK) and from Pfizer (NYSE: PFE) have elevated expectations for the potential of antivirals to treat coronavirus disease.

Not all developers have been so successful, however, with Roche (ROG: SIX) and Atea Pharmaceuticals’ (Nasdaq: AVIR) candidate AT-527 flunking the Phase II Moonsong trial.

The Swiss cancer giant has now walked away from the project, leaving Boston, USA-based Atea to pick up the pieces.

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