Adverum Biotechnologies Inc (NAS:ADVM)

$ 8.75 -0.18 (-2.02%) Market Cap: 181.62 Mil Enterprise Value: 163.87 Mil PE Ratio: 0 PB Ratio: 1.00 GF Score: 50/100

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Adverum Biotechnologies Inc at Jefferies Healthcare Conference Transcript

Jun 09, 2023 / 02:00PM GMT

Release Date Price: $15.6 (+6.12%)

Transcript

Unidentified_Participant

Welcome, everyone. This is [Yao], equity research associate at Jefferies. It is my great pleasure to welcome our guests, Linda Rubinstein, CFO of Adverum Biotechnologies, will give us a presentation today. Please take away.

Linda Rubinstein

Adverum Biotechnologies, Inc. - CFO

Thank you, and thank you to Jefferies for having Adverum to present at the conference. I'm delighted to tell you about Adverum, we're a gene therapy company focusing on highly prevalent ocular diseases. Our lead program, Ixo-vec is in Phase 2 for wet AMD, and we'll be presenting data on a trial starting in Q3 of this year.

Importantly, we have unparalleled data based on our OPTIC trial, including data showing that our drug is effective past three years, and we are looking forward to replicating that data in our new trial. We are well funded with cash into 2025.

Though anti-VEGF market for wet AMD is very large, global revenues are about $13 billion, Eylea is the monster in there with $10 billion in revenues, of which two-thirds are in the US and one

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