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4/5, 2:34 PM (Source: TeleTrader)
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Vir, GSK's treatment works against California COVID strain

Vir Biotechnology Inc. and GlaxoSmithKline plc (GSK) claimed on Monday that their coronavirus antibody treatment remains effective versus the COVID-19 strain initially detected in California.

Data obtained through new preclinical research hinted that the antibody treatment called VIR-7831 could be utilized in combating the California variant, due to the strain's ability to "confer some degree of resistance to vaccines and [convalescent plasma] antibody therapies," the statement read. It added that VIR-7831 targets a different part of the virus's protein, thus providing more substantial protection from its variations.

"These data add to the growing body of evidence supporting our rationale for targeting a non-RBM epitope and the potential of VIR-7831 to combat the current variants of concern, including the evasive California variant, either as monotherapy or as a foundational therapy for future combinations," Vir CEO George Scangos concluded.

Vir's shares jumped 3.47% in the premarket, selling for $51.29, while GSK moved up by 0.36%, to go for $35.95.

Breaking the News / BU