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Vir Biotechnology Ranked the Fastest-Growing Company in North America on the 2022 Deloitte Technology Fast 500™
SAN FRANCISCO, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Vir Biotechnology, Inc. (Nasdaq: VIR) today announced it ranked first on the 2022 Deloitte Technology Fast
About this update from Vir Biotechnology, Inc.
[{"type":"text","content":"SAN FRANCISCO, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Vir Biotechnology, Inc. (Nasdaq: VIR) today announced it ranked first on the 2022 Deloitte Technology Fast 500™, a list of the fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America. The ranking was based on Vir’s revenue growth of 125,138% between fiscal years 2018 and 2021. This is the second year in a row that Vir has been ranked for substantial growth, landing at number 70 in 2021 for 2,383% growth in revenue. “Our number 1 ranking on the Deloitte Technology Fast 500 list reflects the dedication of our team and Vir’s executional success in bringing sotrovimab, a novel monoclonal antibody therapy, to millions of patients around the world in record time and in the midst of the COVID-19 pandemic,” said George Scangos, Ph.D., chief executive officer of Vir. “We are proud of our contribution to the fight against this deadly virus, which also strengthened our balance sheet. We look forward to building on our success as we work to rapidly advance a robust pipeline aimed at some of the world’s most serious infectious diseases with three critical data readouts from our most advanced development programs – hepatitis B, hepatitis D and influenza A – anticipated in 2023.” The Company’s revenue growth between fiscal years 2018 and 2021 was fueled by global sales of sotrovimab, which were recognized in conjunction with Vir’s collaboration partner GSK, as well as additional contract, licensing and grant agreements with GSK and others, including Brii Biosciences and the Bill & Melinda Gates Foundation. About the 2022 Deloitte Technology Fast 500™Now in its 28th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2018 to 2021. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 and current-year operating revenues of at least $...