Atea Pharmaceuticals
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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.
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Q3 2026 earnings summary9 Nov, 2026

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.

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Frequently asked questions

Atea Pharmaceuticals Inc. is a clinical-stage biopharmaceutical company focused on developing antiviral therapies for the treatment of viral diseases. The company's research and development efforts primarily target diseases such as hepatitis C, dengue, and COVID-19. Atea leverages its expertise in nucleoside and nucleotide therapeutics to create treatments aimed at addressing unmet medical needs in the antiviral space. The company is headquartered in Boston, Massachusetts, and its shares are listed on the NASDAQ.