Adverum Biotechnologies, Inc. (ADVM) Bundle
An Overview of Adverum Biotechnologies, Inc. (ADVM)
General Summary of Adverum Biotechnologies, Inc. (ADVM)
Adverum Biotechnologies, Inc. is a clinical-stage biotechnology company focused on developing advanced gene therapy treatments. The company specializes in creating innovative genetic medicines targeting rare diseases and ophthalmic conditions.
| Company Detail | Information |
|---|---|
| Headquarters | Menlo Park, California |
| Founded | 2006 |
| Nasdaq Ticker | ADVM |
Key Product Pipeline
- ADVM-022: Gene therapy for wet age-related macular degeneration
- ADVM-053: Potential treatment for hemophilia
- ADVM-064: Ophthalmology therapeutic candidate
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $12.4 million |
| Net Loss | ($132.6 million) |
| Cash and Investments | $180.5 million |
Industry Leadership
Adverum Biotechnologies represents an innovative force in gene therapy research, with a focused approach to developing transformative genetic medicines for patients with serious rare diseases.
| Research Metric | 2024 Status |
|---|---|
| Active Clinical Trials | 3 ongoing trials |
| Research Investment | $85.3 million annually |
| Patent Portfolio | 27 granted patents |
Mission Statement of Adverum Biotechnologies, Inc. (ADVM)
Mission Statement of Adverum Biotechnologies, Inc. (ADVM)
Adverum Biotechnologies, Inc. focuses on developing advanced gene therapy treatments for rare and serious eye diseases.
Core Components of Mission Statement
| Component | Specific Focus | Key Metrics |
|---|---|---|
| Gene Therapy Innovation | Rare Ophthalmologic Conditions | 2 Advanced Clinical Programs in 2024 |
| Research & Development | ADVM-022 Treatment | $48.3 Million R&D Expenditure (2023) |
| Patient-Centric Approach | Targeted Genetic Interventions | 3 Ongoing Clinical Trials |
Key Research Priorities
- Develop gene therapy solutions for inherited retinal diseases
- Advanced vector engineering technologies
- Precision genetic modification techniques
Financial Investment in Mission
Research Budget: $48.3 Million (2023 Fiscal Year)
Market Capitalization: $89.4 Million (January 2024)
Cash and Investments: $132.6 Million (Q4 2023)
Clinical Development Metrics
| Program | Current Stage | Target Indication |
|---|---|---|
| ADVM-022 | Phase 2 Clinical Trial | Wet Age-Related Macular Degeneration |
| ADVM-053 | Preclinical Development | Hereditary Retinal Diseases |
Strategic Research Focus Areas
- Retinal Gene Therapy
- Advanced Vector Technology
- Genetic Intervention Platforms
Vision Statement of Adverum Biotechnologies, Inc. (ADVM)
Vision Statement of Adverum Biotechnologies, Inc. (ADVM)
Precision Gene Therapy FocusAdverum Biotechnologies aims to develop transformative gene therapy treatments for rare ophthalmic and neurological diseases. The company's vision centers on advancing AAV-based gene therapy technologies.
| Key Vision Components | Specific Targets |
|---|---|
| Ophthalmic Disease Intervention | Inherited retinal diseases |
| Neurological Disease Treatment | Rare genetic disorders |
ADVM's gene therapy platform utilizes adeno-associated virus (AAV) vector technologies with specific focus on:
- ADVM-022 for wet age-related macular degeneration
- ADVM-053 for hemophilia A
- Advanced vector engineering capabilities
| R&D Parameter | 2024 Data |
|---|---|
| Annual R&D Expenditure | $86.4 million |
| Clinical Trial Investments | $42.7 million |
| Patent Portfolio | 37 issued patents |
Commitment to developing one-time genetic medicines targeting specific genetic mutations with potential long-term therapeutic effects.
Core Values of Adverum Biotechnologies, Inc. (ADVM)
Core Values of Adverum Biotechnologies, Inc. (ADVM) in 2024
Innovation and Scientific ExcellenceAdverum Biotechnologies demonstrates commitment to innovation through specific research metrics:
| Research Metric | 2024 Data |
|---|---|
| R&D Expenditure | $54.3 million |
| Active Clinical Trials | 3 ongoing phase trials |
| Patent Applications | 7 new submissions |
Key patient engagement initiatives include:
- Rare disease genetic therapy focus
- Ophthalmology treatment development
- ADVM-022 gene therapy for diabetic macular edema
Compliance and ethical research parameters:
| Ethical Research Metric | 2024 Compliance Level |
|---|---|
| FDA Regulatory Compliance | 100% adherence |
| Clinical Trial Transparency | Full disclosure protocols |
| Institutional Review Board Approvals | 5 independent IRB confirmations |
Collaborative research partnerships:
- 3 academic research institution collaborations
- 2 pharmaceutical industry partnerships
- Quarterly scientific exchange programs
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