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Vir Biotechnology reports Q4 EPS (76c), consensus (39c)
The Fly

Vir Biotechnology reports Q4 EPS (76c), consensus (39c)

Reports Q4 revenue $49.41M , consensus $97.30M."2022 was a seminal year for Vir. We remained on the front lines of the COVID-19 pandemic with the delivery of sotrovimab to millions of patients around the world, initiated two critical Phase 2 trials in influenza and hepatitis D, reported important new data on hepatitis B, secured a multi-year government contract with the potential for up to $1 billion, and recognized $1.5 billion in revenue – all of which served to establish an exceptionally strong foundation on which we will continue to build in 2023," said George Scangos, Ph.D., Chief Executive Officer of Vir Biotechnology. Dr. Scangos added, "I am incredibly proud of all that the Vir team has accomplished in just a few short years and the key elements that are now in place to ensure the Company’s ongoing success – an exciting pipeline, near-term catalysts that have the potential to support important new therapies, a long-term strategic plan, significant cash and an exceptional incoming CEO. I look forward to continuing to support the Company through this important transition period and advancing our ambitious mission of delivering a world without infectious disease."

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