Agreement between Vir Biotechnology and GSK has been revised to study and create treatments for coronaviruses
Vir Biotechnology—a San Francisco-based commercial-stage immunology company—stated that their research collaboration agreement with GSK in 2020 has been modified. This modification reflects the fact that Vir will continue its ongoing efforts to discover, innovate, and advance next-generation treatments for COVID-19 and other potential coronavirus outbreaks, either alone or in collaboration. In addition to exploring innovative therapies for influenza and other respiratory illnesses, the companies will continue to ensure that drugs like sotrovimab should be globally accessible.
By the provisions of the newly modified contract, Vir will continue to have exclusive rights to advance next-generation products resulting from the collaborative coronavirus vaccine and antibody initiatives in exchange for tiered low-to mid-single-digit royalties to GSK.
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