Investor Summary
Fund Strategy
FUND PERFORMANCE AS OF 31st March 2026
| ANNUALIZED SINCE INCEPTION | QUARTERLY | YTD |
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| - | - | - |
| ANNUALIZED SINCE INCEPTION | QUARTERLY | YTD |
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Jacob Funds experienced one of their worst quarters since Covid due to AI disruption fears and Middle East conflict, but the manager views this as creating attractive opportunities. The core thesis centers on agentic AI representing a transformational shift rivaling the dot-com boom, transitioning from passive question-answering to autonomous task completion at machine speed. Unlike the early Internet pioneers who were private, most agentic AI beneficiaries are already publicly traded. The manager aggressively added four new positions in the Internet Fund: Circle (stablecoin infrastructure at an adoption inflection point), CrowdStrike (critical for securing AI agents in enterprise environments), Reddit (valuable conversational data for AI training), and Robinhood (expanding into a financial super-app with tokenization initiatives). The Discovery Fund added Energous (wireless power technology pivoting to enterprise), while Small Cap Growth added Circle and Vir Biotechnology (innovative cancer immunotherapy with promising BiTEs technology). The manager believes recent market weakness provides unique opportunities to purchase AI beneficiaries at attractive valuations, positioning for accelerating growth as agentic AI moves from niche uses to broad adoption.
The manager believes agentic AI represents a transformational opportunity rivaling the dot-com boom, with the recent market selloff creating attractive entry points into companies positioned to benefit from the transition from passive AI to autonomous task completion at machine speed.
The manager expects agentic AI to create opportunities and disruption over a much shorter period than the early Internet, with most larger beneficiaries already publicly traded. They believe the capital, knowhow and will exists to make agentic AI a force much more quickly than some might imagine.
| Date | Letter | Tickers | Keywords | Pitches | Quick Takes |
|---|---|---|---|---|---|
| Apr 7 2026 | 2026 Q1 | CRCL, CRWD, HOOD, RDDT, VIR, WATT | AI, Biotechnology, cybersecurity, Fintech, growth, innovation, small cap, technology |
CRCL RDDT HOOD WATT VIR |
Jacob Funds suffered a difficult quarter due to AI disruption fears and geopolitical tensions, but the manager sees this as creating attractive entry points into agentic AI beneficiaries. The fund aggressively added positions in Circle, CrowdStrike, Reddit, and Robinhood, betting on the transition from passive AI to autonomous task completion at machine speed. |
| Jan 13 2026 | 2025 Q4 | CABA, OMER, PRME, SNOW | AI, Biotechnology, Cloud, Gene Therapy, growth, small cap, technology | SNOW | Jacob Asset Management sees the AI productivity cycle as real and transformative, adding Snowflake for cloud data infrastructure exposure. Two biotech positions target gene therapy and CAR-T immunotherapy breakthroughs. Recent AI valuation cooling creates attractive entry points for multiyear themes. Smaller companies may benefit disproportionately from potential multiple expansion despite mixed economic signals. |
| Nov 16 2025 | 2025 Q3 | BBBY, COIN, INGN, OMER | AI, Biotechnology, crypto, growth, small caps, technology, Valuations |
CRCL BBBY INGN OMER |
Jacob Asset Management sees continued market upside from an emerging AI productivity cycle despite record valuations. New positions include Circle for crypto infrastructure, Omeros for biotech FDA catalyst, and Bed Bath & Beyond for tokenization exposure. The Fed's dovish shift supports risk assets while the manager focuses on earnings growth and multiple expansion opportunities. |
| Jul 11 2025 | 2025 Q2 | COOP, LWLG, RDFN, RKT | AI, Internet, Mortgage, small cap, technology, Trade Policy |
RKT LWLG RKT LWLG |
Jacob Asset Management added technology-focused positions Rocket Companies and Lightwave Logic during July 2025 market volatility caused by tariff announcements. The firm believes equity markets show resilience with cooling economy unlikely to trigger near-term recession. AI revolution driving infrastructure needs and potential rate cuts supporting mortgage businesses create attractive opportunities for technology-enabled companies. |
| Apr 8 2025 | 2025 Q1 | GRAB, SNAP | Asia, E-Commerce, small caps, Social Media, tariffs, technology |
GRAB SNAP |
Jacob Asset Management remains bullish on small-caps despite tariff-driven market correction, viewing it as temporary like Covid sell-off. Added Grab Holdings for Southeast Asian dominance and super-app potential, plus Snap for improved monetization and acquisition appeal. Continues overweighting small-caps across portfolios, seeing favorable environment ahead despite near-term policy uncertainty. |
| Jan 30 2024 | 2023 Q4 | - | Fed policy, growth, Internet, Rate Cuts, small cap | - | Jacob Funds positions for small cap outperformance following Fed's dovish pivot. No rate hikes expected, significant cuts anticipated over 12 months. Manager believes accommodative policy plus soft landing creates ideal conditions for smaller companies. Maintained current positioning, added no new names. Thesis: small caps benefit disproportionately from lower rates and improved economic backdrop. |
| Oct 30 2023 | 2023 Q3 | ESPR, SOFI | Biotechnology, Fintech, growth, healthcare, small cap, technology |
SOFI ESPR |
Jacob Asset Management added SoFi Technologies across funds, betting on student loan refinancing opportunities and financial platform expansion. Also invested in beaten-down biotech Esperion with FDA-approved cholesterol drug showing strong clinical outcomes. Despite mixed economic signals, maintains conviction that small caps will outperform if Fed stops hiking and recession is avoided. |
| Jul 31 2023 | 2023 Q2 | CFLT, GSK, SCYX, ZH | AI, Banking, China, Data, small caps, technology |
CFLT BZH SCYX |
Jacob Asset Management expects small cap stocks to outperform as market breadth improves following the narrowest rally in twenty years. The firm is positioned for AI-driven infrastructure spending through holdings like Confluent and sees value in Chinese internet companies like Zhihu despite geopolitical concerns. Banking system stabilization should benefit the funds' small cap positioning in the second half of 2023. |
| Apr 30 2023 | 2023 Q1 | BRZE, TRUE | growth, Internet, Marketing Technology, small caps, technology |
BRZE TRUE |
Jacob Asset Management added Braze and TrueCar positions across funds, targeting marketing technology and automotive digitization opportunities. Despite inflation concerns and banking sector troubles creating volatility, the manager expects portfolio companies to emerge stronger from current challenges with improved competitive positions and streamlined operations, justifying higher valuations for revenue-growing businesses long-term. |
| Jan 31 2023 | 2022 Q4 | - | - | - | |
| Oct 30 2022 | 2022 Q3 | - | - | - | |
| Jul 31 2022 | 2022 Q2 | - | - | - | |
| Apr 30 2022 | 2022 Q1 | - | - | - |
| QUARTER | THEMES | TAGS |
|---|---|---|
| 2026 Q1 |
AIThe manager sees agentic AI as creating a new wave of innovation rivaling the dot-com boom, transitioning from passive question-answering to completing tasks independently at machine speed. This evolution requires stronger technological capabilities and modern network infrastructure, with most beneficiaries already publicly traded. The recent market weakness has provided opportunities to purchase AI beneficiaries at attractive valuations. |
Agentic AI Innovation Infrastructure Automation Machine Learning |
CybersecurityCrowdStrike operates as a real-time control layer where autonomous AI agents need security, monitoring both human and non-human actors. Enterprises must upgrade security requirements beyond endpoint and perimeter concerns to protect against agents accessing their systems. CrowdStrike is positioned as a critical enabler of safe enterprise adoption of agentic AI. |
Endpoint Protection Enterprise Security AI Security Threat Intelligence Cloud Security | |
FinTechCircle operates a financial technology platform centered on stablecoins and blockchain-based payments infrastructure, generating revenue from interest on reserve assets backing USDC. Robinhood is expanding beyond commission-free trading into a financial super-app with prediction markets and tokenization initiatives showing strong early results and enormous potential. |
Stablecoins Blockchain Digital Payments Super App Tokenization | |
BiotechnologyVir Biotechnology leads in immunotherapy, specifically Bispecific T-Cell engagers (BiTEs) for oncology and infectious diseases. Their approach masks T-Cell engagers with proprietary technology that activates only when encountering diseased cells, increasing effectiveness while minimizing toxicity. A collaboration deal with Astellas provides funding for clinical trials following successful Phase 1 data. |
Immunotherapy BiTEs Oncology Clinical Trials Targeted Therapy | |
| 2025 Q4 |
Live SportsMario Gabelli emphasizes live entertainment and sports as a major investment theme, noting 55 million viewers for the Kansas City Chiefs vs Dallas Cowboys game and upcoming events like the Super Bowl and World Cup. He recommends Atlanta Braves Holdings, Madison Square Garden Sports, Manchester United, and Rogers Communications as ways to invest in sports teams and related assets. |
Sports Entertainment Media Teams Broadcasting |
MediaGabelli discusses media investments including Fox and Versant Media Group, highlighting Fox's sports broadcasting rights and strong buyback program. He views Versant as attractive following its spinoff from Comcast, expecting debt paydown and cash generation despite near-term selling pressure from index funds. |
Broadcasting Content Television Streaming Networks | |
Natural GasNational Fuel Gas is recommended based on its regulated utility business and substantial mineral ownership in the Appalachian Basin. Gabelli notes that 33% of U.S. gas comes from Appalachia and natural gas provides 40% of U.S. electric power, with the company's reserves strategically located near population centers being underappreciated. |
Utilities Energy Infrastructure Pipelines Distribution | |
AerospaceAlbany International is highlighted for its aerospace composites business, particularly lightweight composite parts for the LEAP engine family. The company is exploring strategic alternatives and potential spin-off of its structures assembly business, which could unlock value by separating the mature paper business from the high-growth engineered composites segment. |
Defense Manufacturing Components Aviation Composites | |
AIGabelli acknowledges AI's transformative impact but warns of potential market corrections similar to 1987. He notes concerns about prediction markets, private debt, leveraged ETFs, and high margin debt that could accelerate any selloff. While recognizing AI's importance, he expresses caution about valuations and market mechanics. |
Technology Innovation Disruption Automation Valuation | |
| 2025 Q3 |
AIThe manager believes artificial intelligence is driving a new productivity cycle that could improve profit margins and earnings growth for businesses while keeping labor markets subdued. Despite high valuations and hype, the technological cycle is still very nascent with significant potential ahead. |
Productivity Technology Margins Earnings Valuations |
CryptoCircle Internet Group was added as a new position, providing digital financial infrastructure and issuing USDC stablecoin. The company operates under regulatory framework with transparent disclosures, differentiating it from competitors like Tether, and benefits from growing stablecoin usage in digital finance. |
Stablecoins Digital Finance Payments Regulatory Infrastructure | |
BiotechnologyOmeros was added with a pipeline focused on complement-related diseases. The company's lead product Narsoplimab faces key FDA approval for treating a difficult clotting disorder, with strong approval chances and favorable risk/reward ratio despite past development challenges. |
FDA Approval Pipeline Immunology Risk/Reward Partnership | |
| 2025 Q2 |
AIArtificial intelligence is driving increasing data demands that are straining Internet infrastructure. Lightwave Logic's technology could dramatically improve speed and efficiency of Internet backbone as AI technological revolution intensifies. The company is working with data center and semiconductor players to test effectiveness of its modulators. |
Data Centers Semiconductors Infrastructure Technology |
MortgageRocket Companies has become one of the largest online mortgage lenders through technology integration. Recent acquisitions of Mr. Cooper and Redfin provide cross-selling opportunities. Lower interest rates could drive uptick in mortgage origination and refinancing activity leading to higher earnings. |
Interest Rates Technology Real Estate Financial Services | |
Trade PolicyGiant across-the-board tariffs were announced with little warning causing major market correction. Investors assessed potential economic effects leading to broader selloff. Flexibility on timing and size of tariffs emerged, avoiding most draconian trade war outcome. |
Tariffs Economic Policy Market Volatility | |
| 2025 Q1 |
Small CapsManager continues to overweight small-cap stocks across portfolios relative to benchmarks and peers, viewing the current environment as favorable for small-cap performance despite market correction concerns. |
Small Cap Overweight Outperformance |
Social MediaAdded Snap as new position due to renewed focus on monetization through Snapchat+ subscription service, cost reductions creating sustainable financial trajectory, and potential acquisition interest from larger companies. |
Snap Monetization Subscription Acquisition | |
E-commerceInvested in Grab Holdings as leading ride-sharing and delivery service in Southeast Asia with dominant market position and opportunity to consolidate regionally while expanding into super application services. |
Grab Delivery Southeast Asia Super App | |
| 2023 Q4 |
Small CapsManager believes smaller cap companies are positioned to significantly outperform if the Fed takes a more accommodative stance and the economy averts recession. The funds maintain maximum exposure to these trends. |
Small Cap Outperformance Fed Policy Interest Rates |
RatesFederal Reserve pivot to dovish posture with no more rate hikes foreseen and expectation of significant rate cuts over next 12 months. This accommodative stance creates favorable conditions for small cap outperformance. |
Fed Policy Rate Cuts FOMC Monetary Policy Dovish | |
| 2023 Q3 |
FinTechSoFi Technologies represents the evolution from student lending to comprehensive financial services platform. The company serves over 6 million customers with sophisticated risk pricing methods, offering competitive rates on loans and deposits to build long-term customer relationships. |
Digital Banking Student Loans Financial Platform Risk Pricing Customer Acquisition |
BiotechnologyEsperion Therapeutics exemplifies beaten-down biotech companies with approved assets. The CLEAR study demonstrated Nexletol reduces cardiovascular events by 20%, creating momentum for broader labeling and potential acquisition by larger pharmaceutical companies. |
Cholesterol Cardiovascular FDA Approved Clinical Studies Biopharma M&A | |
| 2023 Q2 |
AIGrowing awareness of Artificial Intelligence technology is creating investment opportunities. Generative AI has reached mainstream adoption with ChatGPT gaining 100 million users in two months. The technology will drive corporate spending on computing power, speed and storage, benefiting tech platforms including fund holdings. |
Generative AI ChatGPT Computing Data LLM |
Small CapsSmaller companies have underperformed in one of the narrowest market rallies in over twenty years as growth investors moved toward larger-cap perceived safety. Valuations are not nearly as stretched for smaller companies, and they are expected to catch up to major indexes in the second half of the year. |
Valuations Outperformance Market Rally Relative Performance | |
CloudCompanies are transitioning from legacy batch processing systems to modern real-time data streaming. Multi-cloud deployments and on-premise infrastructure management challenges are driving demand for more robust commercial solutions to handle AI data generation demands. |
Data Streaming Multi-cloud Infrastructure Real-time | |
| 2023 Q1 |
E-commerceThe fund added positions in marketing technology companies that enable customer engagement and automotive lead generation platforms, reflecting opportunities in digital commerce infrastructure as companies prioritize first-party data strategies. |
Marketing Technology Customer Engagement Lead Generation Digital Commerce |
| Date | Pitch Type | Author | Ticker | Company | Industry | Sub Industry | Bull / Bear | Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|---|
| Apr 7, 2026 | Fund Letters | Jacob Fund | WATT | Energous | Communication Equipment | Technology Hardware & Equipment | Bull | NASDAQ | Device Tracking, Enterprise Technology, IoT Sensors, PowerBridge Pro, Reference Customer, turnaround, Wireless Devices, Wireless Power | Login |
| Apr 7, 2026 | Fund Letters | Jacob Fund | VIR | Vir Biotechnology | Biotechnology | Biotechnology | Bull | NASDAQ | biotechnology, BiTEs, Immunotherapy, infectious diseases, Oncology, Phase 1 Data, Sanofi Partnership, T-Cell Engagers | Login |
| Apr 7, 2026 | Fund Letters | Jacob Fund | CRCL | Circle Internet Group | Capital Markets | Financial Technology | Bull | New York Stock Exchange | Blockchain, Developer Infrastructure, Digital Currency, Fintech, Payments infrastructure, stablecoin, Tokenization, USDC | Login |
| Apr 7, 2026 | Fund Letters | Jacob Fund | RDDT | Internet Content & Information | Interactive Media & Services | Bull | New York Stock Exchange | Ad Monetization, AI Training Data, Community Platform, Conversational Data, Data licensing, LLM, social media, User-generated content | Login | |
| Apr 7, 2026 | Fund Letters | Jacob Fund | HOOD | Robinhood | Capital Markets | Investment Banking & Brokerage | Bull | NASDAQ | commission-free trading, crypto trading, financial services, Financial Super App, Fintech, Payment for Order Flow, prediction markets, Tokenization | Login |
| Jan 13, 2026 | Fund Letters | Ryan Jacob | SNOW | Snowflake Inc. | Information Technology | Application Software | Bull | New York Stock Exchange | AI, cloud, Data, hyperscalers, infrastructure | Login |
| Nov 16, 2025 | Fund Letters | Ryan Jacob | OMER | Omeros Corporation | Health Care | Biopharmaceuticals | Bull | NASDAQ | Biotech, FDA, Immunology, Orphandisease, Partnership, pipeline, Smallcap | Login |
| Nov 16, 2025 | Fund Letters | Ryan Jacob | CRCL | Circle Internet Group, Inc. | Financials | Data Processing & Outsourced Services | Bull | NYSE | Blockchain, Digitization, Fintech, Payments, Regulation, stablecoins, Tokenization | Login |
| Nov 16, 2025 | Fund Letters | Ryan Jacob | BBBY | Bed Bath & Beyond, Inc. | Other | Home furnishings retail | Bull | NYSE | Blockchain, ecommerce, Homegoods, restructuring, Specialsituations, Spinoffs, Tokenization | Login |
| Nov 16, 2025 | Fund Letters | Ryan Jacob | INGN | Inogen, Inc. | Health Care | Respiratory care devices | Bull | NASDAQ | aging, Copd, Homecare, Medicaldevices, Respiratory, Smallcap, turnaround | Login |
| Jul 11, 2025 | Fund Letters | Ryan Jacob | RKT | Rocket Companies, Inc. | Financials | Application Software | Bull | New York Stock Exchange | Acquisitions, AI, Fintech, Mortgage, Rates | Login |
| Jul 11, 2025 | Fund Letters | Ryan Jacob | LWLG | Lightwave Logic, Inc. | Information Technology | Internet & Direct Marketing Retail | Bull | NASDAQ | AI, data center, infrastructure, Optics, Polymers | Login |
| Jul 1, 2025 | Fund Letters | Jacob Fund | RKT | Rocket Companies | Financials | Thrifts & Mortgage Finance | Bull | NYSE | AI technology, cross-selling, Fintech, Interest Rate Sensitive, market share gains, Mortgage Lender, operational efficiency, Real Estate | Login |
| Jul 1, 2025 | Fund Letters | Jacob Fund | LWLG | Lightwave Logic | Information Technology | Electronic Components | Bull | NASDAQ | AI infrastructure, data centers, Licensing Revenue, Optical networks, Photonics, Quantum Computing, semiconductors, Technology Commercialization | Login |
| Apr 30, 2025 | Fund Letters | Jacob Fund | SNAP | Snap Inc. | Communication Services | Interactive Media & Services | Bull | NYSE | acquisition target, Ad platform, Cost Reduction, monetization, social media, Subscription service, technology, turnaround, user engagement | Login |
| Apr 30, 2025 | Fund Letters | Jacob Fund | GRAB | Grab Holdings Limited | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising revenue, cash generation, digital platform, food delivery, growth, market consolidation, Ride Sharing, Southeast Asia, super app | Login |
| Oct 31, 2023 | Fund Letters | Jacob Fund | SOFI | SoFi Technologies | Financials | Consumer Finance | Bull | NASDAQ | consumer finance, digital banking, Financial Services Platform, Fintech, growth, net interest margin, Refinancing, Student loans | Login |
| Oct 31, 2023 | Fund Letters | Jacob Fund | ESPR | Esperion Therapeutics | Health Care | Biotechnology | Bull | NASDAQ | acquisition target, biotechnology, cardiovascular, Cholesterol, Clinical Outcomes, FDA-approved, Label Expansion, turnaround | Login |
| Jul 31, 2023 | Fund Letters | Jacob Fund | CFLT | Confluent Inc | Information Technology | Systems Software | Bull | NASDAQ | AI infrastructure, Apache Kafka, Cloud computing, Data Streaming, Enterprise software, Real-time Processing, SaaS | Login |
| Jul 31, 2023 | Fund Letters | Jacob Fund | BZH | Zhihu Inc | Communication Services | Interactive Media & Services | Bull | NYSE | AI technology, China, Chinese Internet, contrarian, LLM, Q&A Platform, social media, Value Investment | Login |
| Jul 31, 2023 | Fund Letters | Jacob Fund | SCYX | SCYNEXIS Inc | Health Care | Biotechnology | Bull | NASDAQ | Antifungal, biotechnology, FDA approval, GSK partnership, Infectious Disease, Novel Mechanism, Phase III, royalties | Login |
| Apr 1, 2023 | Fund Letters | Jacob Fund | BRZE | Braze Inc | Software & Services | Application Software | Bull | NASDAQ | Customer Engagement, First Party Data, Marketing Technology, Mobile-Friendly, Real-Time Messaging, SaaS, System Integrators | Login |
| Apr 1, 2023 | Fund Letters | Jacob Fund | TRUE | TrueCar Inc | Consumer Services | Internet & Direct Marketing Retail | Bull | NASDAQ | automotive technology, Cash-Rich Valuation, Dealer Network, Digital Car Buying, Lead Generation, Supply Chain Recovery, turnaround | Login |
| TICKER | COMMENTARY |
|---|---|
| CRCL | Circle is a financial technology platform centered on stablecoins and blockchain-based payments infrastructure, most notably as the issuer of USDC, a dollar-backed digital currency. Today, the company generates revenue primarily from interest earned on reserve assets, such as short-term Treasuries, backing its stablecoins, while expanding into developer infrastructure, payments networks, and tokenized financial products. While recent results already highlight rapid growth in USDC circulation and transaction volumes, we believe we're at an inflection point where adoption could accelerate over the next few years. |
| CRWD | CrowdStrike is a leading cloud-native cybersecurity company delivering endpoint protection, threat intelligence, and incident response through its Falcon platform. Because CrowdStrike already operates as a real-time control layer where autonomous AI agents will need to be secured, it can monitor both human and non-human actors within the same architecture. Enterprises will need to upgrade their security requirements from only endpoint and perimeter concerns to protecting themselves from agents that will need to have access to their systems, making CrowdStrike a critical enabler of safe enterprise adoption of agentic AI. |
| RDDT | Reddit operates a global social platform built around user-generated communities monetized primarily through advertising and premium subscriptions. With over 100 million daily active users, the platform benefits from highly engaged niche communities and a large database of real-time conversational data, which is increasingly valuable for ad targeting and AI training. Acknowledging that Reddit has done an impressive job improving ad monetization, the real opportunity is to broaden its reach by becoming tied in with all the large language model companies. Already signing some small licensing deals, we believe that Reddit's data will become more valuable over time as machine-generated content becomes more pervasive and less useful. |
| HOOD | Robinhood is a consumer fintech platform offering commission-free trading alongside a growing suite of financial services, including crypto trading, banking, credit, and advisory products. Its business model historically has been from transaction-based revenues (notably payment for order flow), net interest income, and subscriptions. Recent initiatives around prediction markets and tokenization have enormous potential and strong early results that could make Robinhood into the broader financial super-app it has long wanted to be. This diversification and future growth potential gives Robinhood a much larger opportunity beyond its current addressable market that we believe will lead to higher earnings and a higher valuation multiple. |
| WATT | Energous is a name we have tracked for a long time, as we were intrigued by its consumer-focused wireless power technology. Unfortunately, the company was never able to overcome numerous technical and operational challenges and was very close to going bankrupt. However, the company made a smart pivot to utilize its wireless technology capabilities in the enterprise space. Its PowerBridge Pro transmitters help its clients keep track of the vast array of ambient wireless devices, tags and sensors that are now key data-gathering elements of most modern enterprises' networks. The company has secured one large retail client to help serve as a major reference customer and prove its capabilities and expertise. That client has meant big revenue growth and narrowing losses over the past 12 months, and hopefully a robust pipeline of opportunities will lead to more substantial clients and a breakeven business soon. |
| VIR | Vir Biotechnology is a leader in the exciting field of immunotherapy, and specifically a therapy known as Bispecific T-Cell engagers, or BiTEs. BiTEs hold a tremendous amount of promise in oncology, as the therapy helps recruit a patient's innate immune system to kill cancer cells, as well as for infectious diseases, like hepatitis delta and HIV. Vir's approach is to mask their T-Cell engagers with a proprietary technology exclusively licensed from Sanofi, so that the therapy is only activated when it encounters diseased cells, which should increase the effectiveness of the treatment while minimizing off-target toxicity, a major problem encountered by other BiTEs in development. Vir recently completed a large collaboration deal with Astellas following the release of successful Phase 1 data for its drug in prostate cancer, which will give them enough cash to fund clinical trials for the next several years. |
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