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Atea Pharmaceuticals (AVIR) investor relations material
Atea Pharmaceuticals Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
C-BEYOND met its primary and secondary endpoints, demonstrating non-inferiority of BEM/RZR versus SOF/VEL; C-FORWARD topline results are expected in early 2027.
AT-587 advanced into Phase 1 for chronic HEV; a Hercules Capital facility provides up to $200 million in financing.
Financial highlights
Q3 2026 operating expenses were $34.013 million, including $27.091 million of R&D and $6.922 million of G&A; operating loss was $34.013 million.
Q3 net loss was $32.162 million versus $42.0 million in Q3 2025; basic and diluted loss per share was $0.40 versus $0.53.
9M 2026 operating expenses were $117.120 million versus $126.0 million; net loss was $110.535 million versus $113.5 million.
9M operating cash use was $112.3 million; investing activities provided $114.1 million, mainly from securities sales and maturities.
Outlook and guidance
C-FORWARD topline results are expected in Q1 2027; pending positive results, a US NDA submission is targeted for Q2 2027 or mid-2027, with an EMA submission targeted for late 2027.
Cash, cash equivalents and investments, together with the initial $65 million facility draw, are expected to fund planned operations into mid-2028; additional borrowing is conditional on milestones and other terms.
AT-587 Phase 1 results are expected early 2027; a proof-of-concept study is planned for H1 2027, with preliminary results expected late 2027.
Planned spending includes HCV Phase 3 completion, NDA-enabling and commercial-scale manufacturing work, potential launch preparation, and HEV development.
- Eight-week hepatitis C regimen achieves strong phase III results, with NDA filing planned for next year.AVIR
Morgan Stanley 24th Annual Global Healthcare Conference - BEM/RZR met Phase 3 endpoints, supporting NDA plans for HCV in 2027 and strong commercial prospects.AVIR
Q2 2026 - Director elections, clinical milestones, and strong financials marked the meeting's key outcomes.AVIR
AGM 2026 - Phase 3 HCV trials advance toward 2026 readouts as R&D drives higher net loss and cash supports runway.AVIR
Q1 2026 - Key votes include director elections, auditor ratification, and executive pay approval.AVIR
Proxy filing - Proxy covers director elections, auditor ratification, and performance-based executive pay.AVIR
Proxy filing - Phase III HCV and HEV programs advance, topline results in 2026, cash $301.8M, net loss $158.4M.AVIR
Q4 2025 - Pivotal COVID-19 and HCV trial results due late 2024; $502.2M cash funds operations into 2027.AVIR
Q2 2024 - Strong phase II HCV results and a pivotal COVID-19 trial set up major milestones for late 2024.AVIR
Jefferies 2024 Global Healthcare Conference
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