Adverum Biotechnologies Reports First Quarter 2024 Financial Results and Provides Pipeline Highlights
REDWOOD CITY, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Adverum Biotechnologies, Inc. (Nasdaq: ADVM), a clinical-stage company pioneering the use of gene therapy as a new standard of care for highly prevalent ocular diseases, today reported financial results for the first quarter of 2024. The company also provided recent pipeline highlights.
- “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.
- The award was granted under the Adverum Biotechnologies, Inc. 2017 Inducement Plan, as amended and restated, and will vest over four years, subject to continued service with Adverum.
- Stock-based compensation expense included in research and development expenses was $1.1 million for the first quarter of 2024.
- Stock-based compensation expense included in general and administrative expenses was $3.0 million for the first quarter of 2024.