JP Morgan Downgrades Vir Biotechnology: Here's What You Need To Know

JP Morgan downgraded its rating of Vir Biotechnology VIR to Neutral with a price target of $9.00, changing its price target from $23.00 to $9.00.

Shares of Vir Biotechnology are trading down 6.18% over the last 24 hours, at $8.96 per share.

A move to $9.00 would account for a 0.45% increase from the current share price.

About Vir Biotechnology

Vir Biotechnology Inc is a commercial-stage immunology company focused on treating and preventing infectious diseases. Through internal development, collaborations, and acquisitions, it has four technology platforms, focused on antibodies, T cells, innate immunity, and small interfering ribonucleic acid, or siRNA. The company's pipeline consists of product candidates targeting hepatitis B, HBV, influenza A, human immunodeficiency virus, HIV, and tuberculosis, or TB. Its revenue sources are collaboration revenue, contract revenue, grant revenue, and license revenue.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.