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Adverum Announces Clinical Hold, But It Should Not Hinder Its Gene Therapy Path [Seeking Alpha]

Adverum Biotechnologies, Inc. (ADVM) 
Last adverum biotechnologies, inc. earnings: 3/12 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: adverum.gcs-web.com/investor-overview
Company Research Source: Seeking Alpha
Adverum Announces Clinical Hold, But It Should Not Hinder Its Gene Therapy Path Summary Adverum announced that the FDA has placed a clinical hold on one of its gene therapy products known as ADVM-022 to treat patients with wet age-related macular degeneration. Responses for the FDA's issues with CMC have already been submitted to the FDA and the clinical hold is likely to be lifted in the coming weeks. Adverum expects to release 24-week results from the phase 1 study using ADVM-022 to treat patients with wet age-related macular degeneration in the second half of 2019. Adverum Biotechnologies had $205.1 million in cash as of December 31, 2018, which is expected to last into 2021. Adverum ( announced that one of its gene therapy products FDA Clinical Hold The FDA clinical hold of the phase 1 OPTIC study is only a temporary minor issue. That's because the FDA only needs to review additional CMC data. Adverum received the notice of a clinical hold for this study in early April. However, i Show less Read more
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