Adverum Biotechnologies, Inc., a clinical-stage company, develops gene therapy product candidates to treat ocular diseases. Its lead product candidate is ixoberogene soroparvovec Ixo-vec, a single intravitreal injection gene therapy candidate used for the treatment of patients with wet age-related macular degeneration and diabetic macular edema which is in phase 2 clinical trials. The company is developing BGTF-027 (AAV.7m8-L-opsin), a novel gene therapy product candidate designed to deliver a functional copy of the OPN1LW gene to the foveal cones of patients suffering from blue cone monochromacy. Adverum Biotechnologies, Inc. has license and collaboration agreements with University of California; GenSight Biologics; Ray Therapeutics; Lexeo Therapeutics; and Virovek, Inc. The company was formerly known as Avalanche Biotechnologies, Inc. and changed its name to Adverum Biotechnologies, Inc. in May 2016. Adverum Biotechnologies, Inc. was incorporated in 2006 and is headquartered in Redwood City, California.
Gene Therapy Pionee | Adverum Biotechnologies leads in ocular gene therapies, with pivotal trials for wet AMD treatment progressing ahead of schedule, showcasing operational efficiency |
Safety Innovations | Explore Adverum's efforts to enhance treatment safety through lower doses and increased steroid exposure, potentially improving the therapeutic index |
Financial Tightrope | Delve into Adverum's financial challenges as it balances a $126 million cash position against the high costs of clinical trials, with analyst price targets ranging from $5 to $40 |
Market Dynamics | Learn how Adverum navigates a competitive landscape, facing challenges from emerging long-acting TKIs while targeting the substantial wet AMD treatment market |
Metrics to compare | ADVM | Sector Sector - Average of metrics from a broad group of related Healthcare sector companies | Relationship RelationshipADVMPeersSector | |
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P/E Ratio | −0.4x | −2.0x | −0.5x | |
PEG Ratio | −0.01 | −0.02 | 0.00 | |
Price/Book | 2.1x | 3.9x | 2.6x | |
Price / LTM Sales | 56.4x | 82.2x | 3.2x | |
Upside (Analyst Target) | - | 186.4% | 41.7% | |
Fair Value Upside | Unlock | 20.8% | 6.1% | Unlock |