Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Magazine

ViroLogic: A Big Gun in the HIV Battle


ViroLogic is a small biotech player in the fight against HIV, the virus that causes AIDS. Its stock trades at 2.55. But ViroLogic partners include Merck, Pfizer, and GlaxoSmithKline. It has developed technologies to assess drug resistance to specific viruses. ViroLogic's novel HIV-testing technology, PhenoSense GT, is being used by Pfizer for its HIV drug-discovery program. The PhenoSense products "are designed to help drugmakers screen HIV clinical-drug candidates faster and more efficiently," says Matt Geller of CIBC World Markets, which handled ViroLogic's initial public offering two years ago.

There are 16 approved HIV drugs and 40 more in the pipeline. ViroLogic's patented technology can be applied to new HIV drug targets and is also being modified for use in vaccine research against HIV, says Chief Financial Officer Karen Wilson. She says ViroLogic is in talks to sign up vaccine makers as partners. Geller figures ViroLogic, which will post a loss this year on sales estimated at $38 million to $42 million, will earn 34 cents a share in 2003, on sales of $85 million. One hedge fund manager, who has been buying, has a target of 8, based on ViroLogic's exceptional sales growth and partnerships with big drugmakers. By Gene G. Marcial


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus