Atea Pharmaceuticals reports Q4 EPS (40c), consensus (29c)

“I am pleased to share that we recently had a successful End-of-Phase 2 meeting with the FDA, and we expect enrollment to begin next month in our global HCV Phase 3 program evaluating the regimen of bemnifosbuvir and ruzasvir. Results to-date demonstrate the potency of our potential best-in-class regimen with a short 8-week treatment duration, low risk of drug-drug interactions and convenience with no food effect,” said Jean-Pierre Sommadossi, CEO and founder of Atea. “Globally, the burden of untreated HCV infection is significant, with approximately 50 million people living with the disease, including up to 4 million in the US. We believe our regimen, if approved, has the potential to play a major role in the eradication of HCV in the US and to disrupt and expand the global HCV market, which is approximately $3 billion in annual net sales.”