Atea Pharmaceuticals, Inc. Stock Price, News & Analysis

Atea Pharmaceuticals (Nasdaq: AVIR) reported transformative developments in 2020, bolstered by its antiviral platform against COVID-19. The company advanced its lead candidate, AT-527, entering a strategic partnership with Roche for its development and commercialization. Atea initiated Phase 1a trials for AT-752 to combat dengue fever. Financially, cash reserves soared to $850.1 million from $21.7 million year-over-year, reflecting a net loss reduced to $10.9 million. Collaborations yielded $48.6 million in revenue, demonstrating strong market positioning and ongoing clinical trials aimed at enhancing patient treatment options.

Atea Pharmaceuticals, a clinical-stage biopharmaceutical company, will host a conference call on March 30, 2021, at 4:30 p.m. ET to discuss its fourth quarter and full-year financial results for 2020. The event will also provide a business overview. Investors can access the call via phone or a live audio webcast available on Atea's website. Atea focuses on developing therapies for life-threatening viral diseases using a proprietary nucleotide prodrug platform.

Atea Pharmaceuticals (NASDAQ: AVIR) presented promising results from a Phase 1 study of AT-527, an oral antiviral treatment for COVID-19, at the 28th Annual Conference on Retroviruses and Opportunistic Infections. The study confirmed AT-527's favorable pharmacokinetic profile, showing rapid attainment of steady-state levels in healthy volunteers and potential lung exposure exceeding the effective concentration needed to inhibit SARS-CoV-2 replication. The drug was well tolerated, supporting the 550 mg twice-daily dosing for future clinical trials.

Atea Pharmaceuticals has announced that Chugai Pharmaceutical has obtained exclusive rights to develop and market AT-527 for COVID-19 in Japan from Roche. This collaboration emphasizes a commitment to global accessibility for COVID-19 treatments. AT-527, an oral antiviral, is currently in phase 2 trials and aims to reduce disease severity and transmission. The partnership with Roche, established in October 2020, enhances Atea's capacity to accelerate clinical development and provide treatment options quickly.

Atea Pharmaceuticals announced new data showcasing the potent antiviral activity of AT-527 against SARS-CoV-2, highlighting its potential in treating COVID-19. The research indicates that AT-527, an orally administered agent, effectively inhibits viral replication in respiratory tissues, with a half-life of approximately 40 hours. Current clinical trials are studying a twice-daily regimen of 550 mg AT-527. These findings emphasize AT-527's capacity to minimize disease progression, highlighting its importance in both pre- and post-exposure treatment strategies.

Atea Pharmaceuticals (Nasdaq: AVIR) has commenced a Phase 2 clinical trial for AT-527, an oral antiviral treatment for patients with mild to moderate COVID-19. The trial, conducted in collaboration with Roche, aims to evaluate the drug's virological efficacy, safety, and pharmacokinetics, enrolling up to 220 patients across the UK, Ireland, and other countries. Primary outcomes will measure changes in SARS-CoV-2 virus RNA levels. AT-527 has shown promise in inhibiting viral replication in vitro, and the study aims to support the development of effective outpatient treatment options.

Atea Pharmaceuticals has appointed Jayanthi Wolf as Senior Vice President of Regulatory Affairs and Jonae Barnes as Senior Vice President of Investor Relations and Corporate Communications. These appointments are aimed at strengthening the company’s leadership in regulatory matters and communications as it advances its product candidates, including the Phase 3 program for AT-527 targeting COVID-19 and AT-752 for Dengue fever. Wolf has extensive experience from Merck, while Barnes brings over 20 years from various biotechnology firms.

BOSTON, Dec. 21, 2020 – Atea Pharmaceuticals (Nasdaq: AVIR) announces that CEO Jean-Pierre Sommadossi will present a corporate overview at the 39th Annual J.P. Morgan Healthcare Conference on January 11, 2021, at 9:10 a.m. ET. A live webcast will be available on the company’s website, with a replay for 90 days thereafter.

Atea focuses on developing antiviral therapeutics for severe viral infections including COVID-19, dengue, HCV, and RSV, utilizing a proprietary purine nucleotide prodrug platform.

Atea Pharmaceuticals (Nasdaq: AVIR) has been added to the Russell 2000 Index, effective December 21, 2020. This inclusion is part of the index's quarterly IPO additions and is expected to broaden the company's investor base and increase awareness of its antiviral therapies, especially AT-527 for COVID-19 treatment. The Russell indexes, benchmarked by around $9 trillion in assets, are crucial for investment managers and institutional investors.