Adverum Biotechnologies (ADVM), a clinical-stage gene therapy company, discovers and develops novel medicines for patients suffering from rare and ocular diseases.
ADVM's pipeline includes product candidates, which are used for the treatment of wet age-related macular degeneration (wAMD), alpha 1 antitrypsin deficiency (A1AT), and hereditary angioedema. Its lead gene therapy programs include ADVM-022 and ADVM-032, which are in the preclinical development for wAMD diseases; and ADVM-043 for the treatment of A1AT. ADVM is also developing ADVM-053 to treat hereditary angioedema; and other product candidates that comprise ocular therapeutics, including AVA-311 for the treatment of juvenile X-linked retinoschisis.
It has collaboration agreements with Regeneron Pharmaceuticals, Inc. to research, develop, and commercialize gene therapy products for ophthalmic diseases; and Editas Medicine, Inc. to explore the delivery of genome editing medicines for the treatment of inherited retinal diseases.
The company was formerly known as Avalanche Biotechnologies, Inc. and changed its name to Adverum Biotechnologies, Inc. in May 2016. Adverum Biotechnologies, Inc. was founded in 2006 and is headquartered in Menlo Park, California.
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Insight, foresight and recommendation
Adverum Biotechnologies (ADVM - January '18 opened at $3.65 rolled up to $7.70 on February '18. After a $69 M offering of 10.22 M shares priced at $6.75 financing ... it's all about milestones and waiting for the news of catalysts.
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