Adverum Biotechnologies Announces FDA RMAT Designation Granted For Ixo-vec For The Treatment Of Wet AMD
Portfolio Pulse from Benzinga Newsdesk
Adverum Biotechnologies (NASDAQ:ADVM) announced that the FDA has granted RMAT designation for its gene therapy product candidate, Ixo-vec, for the treatment of wet AMD.
August 01, 2024 | 12:12 pm
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Adverum Biotechnologies has received FDA RMAT designation for Ixo-vec, a gene therapy for wet AMD. This designation could expedite the development and review process, potentially leading to faster market entry.
The RMAT designation by the FDA is significant as it can expedite the development and review process of Ixo-vec, potentially leading to faster market entry. This is a positive development for Adverum Biotechnologies, likely boosting investor confidence and stock price in the short term.
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