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Adverum Biotechnologies

Adverum Biotechnologies

Adverum is a gene therapy company committed to discovering and developing novel medicines to patients living with rare diseases and diseases of the eye.

Adverum, formerly Avalanche Biotechnologies, is a biotechnology company developing gene therapies for patients living with rare diseases and diseases of the eye that is headquartered in Menlo Park, California and was founded in 2006 by Mark S. Blumenkranz, Mitchell H. Finer, Steven D. Schwartz, and Thomas W. Chalberg. The company officially became Adverum Biotechnologies in May, 2016 after the merger of Avalanche Biotechnologies and Annapurna Therapeutics.

Funding
Venture round I

On November 22, 2013 Adverum Biotechnologies completed a venture capital round raising $5.7 million in capital from undisclosed investors.

Series B

On April 22, 2014 Adverum Biotechnologies completed their series B funding round with $55 million in capital from Venrock (lead investor), Sabby Capital, Rock Springs Capital, Redmile Group, Deerfield, and Adage Capital management.

Venture round II

On September 7, 2014 Adverum Biotechnologies completed their second venture capital round with $10 million in funding from undisclosed investors.

Timeline

May 7, 2016
Merger of Avalanche Biotechnologies and Annapurna Therapeutics

The company officially became Adverum Biotechnologies in May, 2016 after the merger of Avalanche Biotechnologies and Annapurna Therapeutics.

September 19, 2014
Venture funding round II

On September 7, 2014 Adverum Biotechnologies completed their second venture capital round with $10 million in funding from undisclosed investors.

September 2014
Adverum Biotechnologies raises a $10,000,000 venture round.
April 22, 2014
Series B funding round

On April 22, 2014 Adverum Biotechnologies completed their series B funding round with $55 million in capital from Venrock (lead investor), Sabby Capital, Rock Springs Capital, Redmile Group, Deerfield, and Adage Capital management.

April 2014
Adverum Biotechnologies raises a $55,000,000 series B round from Adage Capital Management, Deerfield Management Company, Redmile Group, Rock Springs Capital, Sabby Capital and Venrock.
November 2, 2013
Venture funding round I

On November 22, 2013 Adverum Biotechnologies completed a venture capital round raising $5.7 million in capital from undisclosed investor

November 2013
Adverum Biotechnologies raises a $5,700,000 venture round.
July 25, 2006
Adverum Biotechnologies was founded by Mark S. Blumenkranz and Mitchell H. Finer.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Avalanche Biotechnologies Agrees to Buy Annapurna Therapeutics

Genenews

Web

Here's Why Adverum Biotechnologies Dropped as Much as 42.4% Today

Maxx Chatsko

Web

News

Title
Author
Date
Publisher
Description
Nick Paul
July 23, 2021
FierceBiotech
And just like that, half of Adverum Biotechnologies' pipeline is gone. The biotech announced after market Thursday that it would abandon a key eye disease indication and shift focus to another, but analysts aren't sure how the company will overcome the adverse events that sent them in the new, slimmed-down direction.
BioSpace
July 1, 2021
BioSpace
Adverum Biotechnologies, Inc. today announced the appointment of Jon Williams, Ph.D., as vice president, clinical affairs, effective immediately.
BioSpace
June 24, 2021
BioSpace
Adverum Biotechnologies, Inc. today announced that Leone Patterson, president and chief financial officer, has resigned to pursue another opportunity.
DelveInsight Business Research, LLP
May 12, 2021
www.prnewswire.com:443
/PRNewswire/ -- DelveInsight's Diabetic Retinopathy Market Insights report offers detailed information on current treatment practices, emerging drugs, Diabetic...
Pomerantz LLP
May 11, 2021
www.prnewswire.com:443
/PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Adverum Biotechnologies, Inc. ("Adverum" or the "Company") (NASDAQ: ADVM). Such...
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References

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