Glaxo (GSK), Vir Seek EUA for Intramuscular Sotrovimab in US
Zacks Investment Research | Jan 13, 2022 10:30PM ET
GlaxoSmithKline (NYSE:GSK) industry ’s 17% increase.
Shares of Vir have risen 3.2% in the same period against the industry ’s 32.4% decline.
Glaxo and Vir signed a supply agreement with the U.S. government last year for sotrovimab doses for approximately $1 billion. Earlier this week, the companies signed a new agreement with the federal government for the supply of an additional 600,000 doses with options for more doses. Glaxo and Vir have secured agreements with various entities across the world to supply nearly 1.7 million doses of sotrovimab.
While sotravimab holds promise, it faces stiff competition from other monoclonal antibodies developed by Eli Lilly .
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