Welcome to our dedicated page for Adverum Biotech news (Ticker: ADVM), a resource for investors and traders seeking the latest updates and insights on Adverum Biotech stock.
Adverum Biotechnologies, Inc. (NASDAQ: ADVM) is a clinical-stage gene therapy pioneer developing innovative treatments for ocular and rare diseases through its proprietary intravitreal platform. This resource provides investors and medical professionals with essential updates on the company's clinical trials, regulatory milestones, and strategic initiatives.
Access real-time information about ADVM's AAV-based therapies designed to reduce treatment burdens in conditions like wet AMD. The page aggregates official press releases, partnership announcements, and trial result disclosures - critical data for evaluating the company's progress in advancing durable single-dose therapies.
Key content includes updates on lead candidates like the wet AMD gene therapy program, manufacturing developments, and peer-reviewed research publications. Track progress across therapeutic areas including ophthalmology and rare genetic disorders through verified company communications.
Bookmark this page for streamlined access to ADVM's latest scientific advancements and corporate updates. Check regularly for new developments in their mission to transform chronic disease management through groundbreaking gene therapy approaches.
Adverum Biotechnologies (ADVM) has granted inducement awards to 5 new employees under its 2017 Inducement Plan. The awards include:
- Non-qualified stock options to purchase 44,380 shares at $4.20 per share
- Restricted stock units (RSUs) for 22,790 shares
The stock options will vest over 4 years, with 25% vesting after the first year and the remaining vesting monthly over 36 months. The RSUs will vest over 3 years, with one-third vesting annually. Both awards are contingent on continued employment with Adverum. These grants were approved by the Compensation Committee as inducement material for new employment in accordance with Nasdaq Listing Rule 5635(c)(4).
Adverum Biotechnologies (Nasdaq: ADVM), a clinical-stage company focused on gene therapy for ocular diseases, announced its upcoming participation in the Cowen 45th Annual Healthcare Life Sciences Conference. The company will present on Tuesday, March 4 at 11:50 a.m. ET.
Investors and interested parties can access a webcast of the presentation through the Events and Presentations section of Adverum's website. A replay will remain available on the site for at least 30 days after the event.
Adverum is working to establish gene therapy as a new standard of care for highly prevalent ocular diseases, positioning this conference appearance as an opportunity for the company to share updates on its clinical progress and pipeline developments.
Adverum Biotechnologies (Nasdaq: ADVM), a clinical-stage company focused on developing gene therapy solutions for common eye diseases, has announced its upcoming participation in the Oppenheimer 35th Annual Healthcare Life Sciences Conference. The company's presentation is scheduled for Tuesday, February 11, at 4:40 p.m. ET.
Interested parties can access the presentation webcast through the Events and Presentations section in the Investors area of Adverum's website. The presentation recording will remain available for viewing on the company's website for a minimum of 30 days after the event.
Adverum Biotechnologies (ADVM) announced that its Compensation Committee granted inducement awards to 13 new employees on December 4, 2024. The awards include non-qualified stock options to purchase 68,640 shares and restricted stock units (RSUs) for 34,920 shares under the company's 2017 Inducement Plan.
The stock options have an exercise price of $6.00 per share, with a four-year vesting schedule: 25% vesting after one year and the remaining vesting monthly over 36 months. The RSUs will vest over three years, with 33 1/3% vesting annually, subject to continued employment.
Adverum Biotechnologies (ADVM) announced that its Compensation Committee granted an inducement award to a new employee on November 17, 2024. The award consists of non-qualified stock options to purchase 55,000 shares of common stock under the company's 2017 Inducement Plan. The stock options have an exercise price of $6.86 per share, based on the closing price on November 15, 2024. The options will vest over four years, with 25% vesting after one year and the remaining vesting monthly over 36 months, contingent on continued employment.
Adverum Biotechnologies announced positive 52-week LUNA and 4-year OPTIC trial results for Ixo-vec, their gene therapy treatment for wet AMD. The LUNA trial demonstrated that the 6E10 dose maintained visual and anatomic endpoints with over 80% reduction in injection burden. No patients using local steroid prophylaxis showed inflammation at week 52. The OPTIC trial showed stable therapeutic effects through 4 years with an 86% reduction in annual anti-VEGF injections. The company plans to advance to Phase 3 trials with the ARTEMIS study, expected to initiate in 1H 2025. Patient preference data showed 93% of LUNA participants preferred Ixo-vec over prior treatments.
Adverum Biotechnologies (Nasdaq: ADVM) announced a webcast scheduled for Monday, November 18th at 7:30 a.m. EST to present important clinical data and program updates. The company will report 52-week LUNA phase 2 clinical data and 4-year OPTIC clinical data, along with key pivotal program design elements. The webcast will include a key opinion leader panel and will be accessible through the company's investor relations website, with a replay available afterward.
Adverum Biotechnologies (NASDAQ: ADVM) reported Q3 2024 financial results and corporate updates. The company ended the quarter with $153.2 million in cash and investments, expected to fund operations into late 2025. Net loss was $27.1 million ($1.30 per share), compared to $32.9 million in Q3 2023. Research and development expenses were $20.4 million, while general and administrative expenses decreased to $9.8 million.
The company appointed Jason Mitchell as Chief Commercial Officer and remains on track to initiate its Phase 3 program in 1H 2025. Key upcoming milestones include LUNA 52-week data, OPTIC 4-year clinical data, and Phase 3 pivotal trial design updates in Q4 2024.
Adverum Biotechnologies (Nasdaq: ADVM) has appointed Jason L. Mitchell as chief commercial officer. Mitchell brings over 20 years of commercial experience, including in retinal disease and the successful launch of SYFOVRE® for geographic atrophy. He will be responsible for the launch strategy and commercial infrastructure for ixoberogene soroparvovec (Ixo-vec), Adverum's potential one-time intravitreal injection for wet age-related macular degeneration (wet AMD).
Adverum plans to announce LUNA 52-week data and pivotal program details in Q4 2024, with the Ixo-vec pivotal program set to initiate in H1 2025. The company believes Ixo-vec has demonstrated a potential best-in-class product profile, with 88% of LUNA patients preferring it over prior anti-VEGF injections. Mitchell's appointment aligns with Adverum's focus on progressing Ixo-vec toward approval and commercialization.
Adverum Biotechnologies (Nasdaq: ADVM) announced on September 5, 2024, that its Compensation Committee granted inducement awards to three new employees on September 3, 2024. The awards, granted under Adverum's 2017 Inducement Plan, include:
1. Non-qualified stock options to purchase 12,660 shares of common stock
2. Restricted stock units (RSUs) for 6,330 shares of common stock
The stock options have an exercise price of $6.76 per share, based on Adverum's closing price on September 3. They vest over four years, with 25% vesting after one year and the remainder monthly over 36 months. The RSUs vest over three years, with 33 1/3% vesting annually. Both are subject to continued employment and the terms of the 2017 Inducement Plan and award agreements.
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