BUZZ-Atea Pharma rises as combo drug meets main goal in mid-stage study

Reuters

2024/12/04

** Shares of drug developer Atea Pharmaceuticals AVIR.O rise 6.9% to $3.72 premarket

** Co says its drug combination met the main goal for treating Hepatitis C Virus (HCV) in a mid-stage study

** The combination of bemnifosbuvir and ruzasvir showed 98% success rate in eliminating HCV, co says

** Bemnifosbuvir and ruzasvir are both oral antiviral medications to treat HCV

** HCV is a leading cause of chronic liver diseases and liver transplants, affecting around 50 mln people worldwide

** As of last close, stock had risen 14.1% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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