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Adverum Biotechnologies to Host Webcast to Review Clinical Data from the 26-Week Interim Analysis of the Ongoing LUNA Phase 2 Trial in Wet AMD Being Presented at ASRS Annual Meeting

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Adverum Biotechnologies (Nasdaq: ADVM) has announced plans to host a webcast on July 17, 2024, to review the 26-week interim data from its ongoing LUNA Phase 2 trial. The trial evaluates ixoberogene soroparvovec (Ixo-vec) for treating wet age-related macular degeneration (wet AMD). This data will be presented at the American Society of Retina Specialists (ASRS) Annual Scientific Meeting. Dr. Charles C. Wykoff, a key investigator in the LUNA study, will lead the presentation. The webcast will start at 8:00 a.m. ET, with the ASRS presentation scheduled for 8:45 a.m. CEST. Both the live webcast and a subsequent replay will be accessible on Adverum’s website.

Positive
  • Adverum Biotechnologies is presenting new interim data from its LUNA Phase 2 trial, which could positively impact investor confidence.
  • The data presentation will be led by a renowned expert, Dr. Charles C. Wykoff, enhancing the credibility of the findings.
Negative
  • The announcement does not specify the nature of the interim results (positive or negative), which may create uncertainty for investors.

REDWOOD CITY, Calif., July 10, 2024 (GLOBE NEWSWIRE) -- Adverum Biotechnologies, Inc. (Nasdaq: ADVM), a clinical-stage company pioneering the use of gene therapy as a new standard of care for highly prevalent ocular diseases, today announced that the company will host a webcast to review the interim 26-week landmark data from its ongoing LUNA Phase 2 study of ixoberogene soroparvovec (Ixo-vec) for the treatment of wet age-related macular degeneration (wet AMD) being presented at the American Society of Retina Specialists (ASRS) Annual Scientific Meeting. The webcast will be held on Wednesday, July 17 at 8:00 a.m. ET and will include a presentation from Dr. Charles C. Wykoff, Director of Research, Retina Consultants of Texas, Professor of Clinical Ophthalmology, Blanton Eye Institute, Houston Methodist Hospital, and principal investigator in the LUNA study.

ASRS Annual Scientific Meeting Presentation Information:

Title: Ixoberogene Soroparvovec (Ixo-vec) IVT Gene Therapy for Neovascular AMD: First-Time 26-Week Interim Analysis Results From the Phase 2 LUNA Study
Date / Time: Wednesday, July 17th, 2024 at 8:45am CEST
Session: Wet AMD Symposium 1
Presenter: Dr. Charles Wykoff

Company Conference Call and Webcast Information

The live webcast will be accessible under Events and Presentations in the Investors section of the company's website. Listeners can register for the webcast via this webcast link. Analysts wishing to participate in the question and answer session should use this dial-in link. A replay of the webcast will be available on the company’s website shortly after the conclusion of the webcast and will be available for at least 30 days following the webcast.

The presentation from ASRS will be available on the News and Publications section of Adverum’s website shortly after the presentation.

About Adverum Biotechnologies

Adverum Biotechnologies (NASDAQ: ADVM) is a clinical-stage company that aims to establish gene therapy as a new standard of care for highly prevalent ocular diseases with the aspiration of developing functional cures to restore vision and prevent blindness. Leveraging the capabilities of its proprietary intravitreal (IVT) platform, Adverum is developing durable, single-administration therapies, designed to be delivered in physicians’ offices, to eliminate the need for frequent ocular injections to treat these diseases. Adverum is evaluating its novel gene therapy candidate, ixoberogene soroparvovec (Ixo-vec, formerly referred to as ADVM-022), as a one-time, IVT injection for patients with neovascular or wet age-related macular degeneration. Additionally, by overcoming the challenges associated with current treatment paradigms for debilitating ocular diseases, Adverum aspires to transform the standard of care, preserve vision, and create a profound societal impact around the globe. For more information, please visit www.adverum.com.

Forward Looking Statements

Statements contained in this press release regarding events or results that may occur in the future are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include but are not limited to statements regarding the anticipated release of interim 26-week landmark data from the LUNA trial. Actual results could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, including risks inherent to, without limitation: Adverum’s novel technology, which makes it difficult to predict the timing of commencement and completion of clinical trials; regulatory uncertainties; enrollment uncertainties; the results of early clinical trials not always being predictive of future clinical trials and results; and the potential for future complications or side effects in connection with use of Ixo-vec. Additional risks and uncertainties facing Adverum are set forth under the caption “Risk Factors” and elsewhere in Adverum’s Securities and Exchange Commission (SEC) filings and reports, including Adverum’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 filed with the SEC on May 9, 2024. All forward-looking statements contained in this press release speak only as of the date on which they were made. Adverum undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.

Inquiries:
Adverum Investor Relations
Email: ir@adverum.com


FAQ

When will Adverum Biotechnologies host the webcast to review the LUNA Phase 2 trial data?

Adverum Biotechnologies will host the webcast on July 17, 2024, at 8:00 a.m. ET.

What is the focus of Adverum Biotechnologies' LUNA Phase 2 trial?

The LUNA Phase 2 trial focuses on evaluating ixoberogene soroparvovec (Ixo-vec) for the treatment of wet age-related macular degeneration (wet AMD).

Who will present the 26-week interim analysis results at the ASRS Annual Meeting?

Dr. Charles C. Wykoff, Director of Research at Retina Consultants of Texas and a principal investigator in the LUNA study, will present the 26-week interim analysis results.

Where can I access the live webcast and its replay?

The live webcast and its replay will be available on the Events and Presentations section of Adverum Biotechnologies' website.

What is the significance of the 26-week interim data for Adverum Biotechnologies?

The 26-week interim data from the LUNA Phase 2 trial may provide critical insights into the efficacy and safety of Ixo-vec for treating wet AMD, potentially influencing investor sentiment.

Adverum Biotechnologies, Inc.

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