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AVIR Atea Pharmaceuticals Inc

3.96
0.13 (3.39%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Atea Pharmaceuticals Inc NASDAQ:AVIR NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.13 3.39% 3.96 3.84 4.99 3.96 3.795 3.89 164,714 05:00:07

Atea Pharma Hits Development Milestone for Covid-19 Treatment

16/06/2021 12:53pm

Dow Jones News


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By Chris Wack

 

Atea Pharmaceuticals Inc. said it has achieved a milestone associated with the development of AT-527, and expects to receive a related payment under its license agreement with Roche of $50 million.

Under the license agreement, Roche and Atea are jointly developing AT-527 for the treatment of Covid-19.

AT-527 is an orally administered, direct-acting antiviral developmental agent derived from Atea's purine nucleotide pro-drug platform, and it is in Phase 3 development for the treatment of Covid-19, Atea said.

Atea retains rights to commercialize AT-527 in the U.S., and Roche has the exclusive right to commercialize AT-527 outside the U.S.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

June 16, 2021 07:41 ET (11:41 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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