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Adverum gains on Phase I data showing efficacy for wet AMD gene therapy

Updated interim data for Adverum’s intravitreal wet age-related macular degeneration gene therapy bolstered the company’s case that the product could compete with less convenient subretinal gene therapies for the indication.

Adverum rose $1.81 (18%) to $12.05 on Monday.

The data, which included results from the second cohort in the Phase I OPTIC trial of

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