Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
An announcement from Adverum Biotechnologies (ADVM) is now available.
Adverum Biotechnologies recently shared updates on its LUNA Phase 2 trial of Ixoberogene soroparvovec (Ixo-vec) for treating wet age-related macular degeneration (AMD), showing promising interim results. The trial demonstrated that Ixo-vec significantly reduced the need for anti-VEGF injections, a common treatment for AMD, and maintained visual acuity and fluid control without serious adverse effects. A high percentage of patients preferred the Ixo-vec treatment over previous therapies, indicating its potential as a preferred AMD treatment. The company is preparing for further regulatory interactions and aims to initiate a Phase 3 trial in the first half of 2025.
See more insights into ADVM stock on TipRanks’ Stock Analysis page.