War chest brought to bear on growing range of viral diseases
In a broad clinical and strategic update, US biopharma company Atea Pharmaceuticals (Nasdaq: AVIR) has indicated its planned direction of travel, outlining an intention to double-down on its troubled COVID-19 antiviral, while diversifying through in-licensing.
The company’s stock was ravaged in mid-October 2021, when the Phase II MOONSONG trial, evaluating the anti-coronavirus pill bemnifosbuvir, missed its primary endpoint.
A collaboration with Swiss pharma giant Roche (ROG: SIX) was subsequently terminated, leaving Atea to go it alone.
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