Virax Biolabs

Virax Biolabs

VRAX
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VRAX · Stock Price

USD 0.14-0.94 (-87.38%)
Market Cap: $1.1M

Historical price data

Market Cap: $1.1MFounded: 2013HQ: London, United Kingdom

Overview

Virax Biolabs is a public immunology diagnostics company focused on decoding the adaptive immune response to address unmet needs in chronic, post-infectious conditions such as Myalgic Encephalomyelitis/Chronic Fatigue Syndrome (ME/CFS). Its strategy is built on a dual business model: providing research-use-only (RUO) products to the scientific community while advancing its core ViraxImmune™ platform toward FDA-regulated in-vitro diagnostics (IVDs). Key recent achievements include a clinical partnership with Emory University and preparations for an FDA pre-submission meeting, positioning the company to potentially deliver the first objective blood-based diagnostic for Post-Acute Infection Syndrome (PAIS).

Post-Acute Infection SyndromeMyalgic Encephalomyelitis/Chronic Fatigue Syndrome (ME/CFS)Chronic Inflammation

Technology Platform

Proprietary platform utilizing pathogen-specific peptide pools to stimulate T cells, coupled with high-sensitivity ELISpot/FluoroSpot assays, designed to profile functional cellular immune responses for diagnostic purposes.

Funding History

2
Total raised:$14.5M
IPO$12M
Seed$2.5M

Opportunities

The primary opportunity lies in addressing the massive, underserved global population suffering from Post-Acute Infection Syndromes like ME/CFS and Long COVID, where no objective diagnostic currently exists.
A successful test could also enable patient stratification for therapeutic trials, creating partnership value with pharmaceutical companies.

Risk Factors

Key risks include the scientific uncertainty of correlating T cell signatures to complex chronic diseases, the regulatory challenges of a novel diagnostic pathway with the FDA, and the company's financial position as a micro-cap stock requiring further dilutionary financing to reach commercialization.

Competitive Landscape

Competition in RUO immunology reagents is intense with large, established players. In the clinical PAIS diagnostic space, competition is emerging but fragmented; Virax's first-mover focus on a functional T-cell assay and its progress toward FDA engagement provide a distinct, though unproven, competitive position.

Company Timeline

2013Founded

Founded in London, United Kingdom

2021Seed

Seed: $2.5M

2022IPO

IPO — $12.0M