Virax finishes enrolling patients for its clinical trial assessing ViraxImmun.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 03 2025
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Clinical Study Completion: Virax Biolabs Group has successfully completed patient recruitment for a UK-based clinical study evaluating the ViraxImmune assay's ability to detect T cell dysfunction in Post-Acute Infection Syndromes, including Long COVID, Lyme disease, and ME/CFS, reaching its target of 160 participants ahead of schedule.
Regulatory Pathway Discussions: The company received constructive feedback from the FDA regarding the regulatory pathway for the ViraxImmune T cell assay, which will aid in its development for post-acute COVID-19 infection patients, with plans for a U.S. clinical study to begin in 2026.
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Analyst Views on VRAX
Wall Street analysts forecast VRAX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VRAX is 1.00 USD with a low forecast of 1.00 USD and a high forecast of 1.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
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Moderate Buy
Current: 0.290
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1.00
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1.00
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1.00
Current: 0.290
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1.00
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1.00
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1.00
About VRAX
Virax Biolabs Group Limited is a biotechnology company focused on the detection of immune responses to and diagnosis of viral diseases. The Company is engaged in developing ViraxImmune with the intention of providing an immunology profiling platform that assesses each individual’s immune risk profile against global viral diseases as well as helping with the early diagnosis of post-viral syndromes associated with T cell exhaustion and chronic inflammation. Its product portfolio includes ViraxClear and ViraxVet. ViraxClear offers a range of accurate diagnostic testing kits and machines. ViraxVet offers various rapid and molecular tests for small animal veterinary diagnostics. The Company is initially focused on diseases associated with post-viral syndromes, including SARS-CoV-2, Human Papillomavirus (HPV), Malaria, Hepatitis B, and Herpes (HSV-1).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Virax Biolabs Closes $5 Million Private Placement to Extend Cash Runway
- Successful Financing: Virax Biolabs has successfully closed a $5 million private placement, issuing 12.5 million ordinary shares and preferred investment options, reflecting market confidence in its immunology research.
- Clear Use of Funds: The proceeds from this financing will be used for general working capital, extending the company's cash runway into the first half of 2028, ensuring continued progress in its post-acute sequelae of COVID-19 studies.
- Registration Statement Commitment: Virax has committed to filing a registration statement with the SEC within 45 days to facilitate the resale of securities, enhancing investor confidence and liquidity.
- Adjustment of Preferred Investment Options: The company is reducing the exercise price of existing preferred investment options from $2.934 to $0.40, further lowering the entry barrier for investors and promoting future financing activities.
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Virax Biolabs Secures $5 Million Funding to Extend Cash Runway into 2028
- Successful Financing: Virax Biolabs has successfully closed a $5 million private placement, issuing 12.5 million ordinary shares and preferred investment options, which is expected to extend its cash runway into the first half of 2028, ensuring continued operations in COVID-19 sequelae research.
- Research Advancement: The funding will support Virax in completing its US and UK studies on post-acute sequelae of COVID-19, with plans to submit applications to the FDA and MHRA, further driving innovation in immunology.
- Investor Confidence: The involvement of H.C. Wainwright & Co. as the exclusive placement agent indicates strong market confidence in Virax's future growth, with the successful financing enhancing the company's competitiveness in the biotechnology sector.
- Equity Structure Adjustment: Virax will also reduce the exercise price of existing preferred investment options from $2.934 to $0.40 and extend their term to five years, aiming to increase investor participation and optimize its capital structure.
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