Vir Biotechnology Reiterates FY24 GAAP Combined R&D And SG&A Expense Range $650M-$680M
Portfolio Pulse from Benzinga Newsdesk
Vir Biotechnology has reaffirmed its forecast for combined research and development (R&D) and selling, general, and administrative (SG&A) expenses for fiscal year 2024, projecting a range of $650 million to $680 million.

May 02, 2024 | 8:22 pm
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Vir Biotechnology has confirmed its fiscal year 2024 expense forecast, with combined R&D and SG&A expenses expected to be between $650 million and $680 million.
Reiterating the expense forecast indicates stability in Vir Biotechnology's financial planning and operational execution. This transparency may reassure investors about the company's management and strategic direction. However, the impact on the stock price is likely neutral in the short term as this reaffirmation does not introduce new information but confirms previous expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100