Adverum Biotechnologies reports Q1 EPS ($1.50), consensus ($1.40)

“Building upon our potentially best-in-class product profile at both the 2E11 and 6E10 doses of Ixo-vec and supported by the strong dataset from our first-in-human OPTIC trial, we are excited to present additional data from the LUNA trial at ASRS this summer,” stated Laurent Fischer, M.D., president and chief executive officer of Adverum Biotechnologies. “Our presentation will feature a 26-week landmark interim analysis, which is expected to serve as the basis of our FDA end-of-Phase 2 meeting. As the LUNA dataset matures, we look forward to confirming the optimal dose(s) and prophylactic regimen for pivotal studies and demonstrating that Ixo-vec can deliver a target product profile that has the potential to shift the treatment paradigm for patients with wet AMD.”