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Strong preliminary data from clinical trials often leads to significant stock price increases, as seen with other biotech firms like Moderna after positive trial results.
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Vir Biotechnology's VIR-5818 shows 50% efficacy in HER2-positive tumors. VIR-5500 demonstrates 100% PSA response in metastatic prostate cancer participants. Data indicates no dose-limiting toxicities for both TCEs. Initial Phase 1 results show good safety and early clinical responses. VIR stock surged 73.60% to $13.70 following the announcement.
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