Atea plunges after COVID-19 treatment fails to help patients in study

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Atea Pharmaceuticals (AVIR) Strong Sell-Off 'Premature' - William Blair

October 19, 2021 10:55 AM EDT

William Blair analyst Tim Lugo reiterated an Outperform rating and {REMOVEPT} price target on Atea Pharmaceuticals (NASDAQ: AVIR) amid today's sell-off, calling it "premature."

The analyst commented, "While the top-line miss in the Phase II MOONSONG study is a setback for Atea, we... More