Adverum Releases Interim Data From Gene Therapy Study For Blindness Disorder, Prepares For Pivotal Study
Portfolio Pulse from Vandana Singh
Adverum Biotechnologies Inc (NASDAQ:ADVM) released interim data from its LUNA Phase 2 trial for Ixo-vec, a gene therapy for wet age-related macular degeneration (AMD). The data showed significant reductions in anti-VEGF injections and maintenance of visual and anatomic outcomes. The company plans to initiate a Phase 3 trial in H1 2025.
July 17, 2024 | 6:54 pm
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Adverum Biotechnologies released promising interim data from its LUNA Phase 2 trial for Ixo-vec, showing significant reductions in anti-VEGF injections and maintenance of visual and anatomic outcomes. The company plans to initiate a Phase 3 trial in H1 2025.
The interim data from the LUNA Phase 2 trial is promising, showing significant reductions in anti-VEGF injections and maintenance of visual and anatomic outcomes. This positive data is likely to boost investor confidence and positively impact ADVM's stock price in the short term. The planned Phase 3 trial initiation in H1 2025 further adds to the positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100