Adverum Biotechnologies, Inc. is shifting its focus to wet age-related macular degeneration (AMD) after discontinuing development of its gene therapy, ADVM-022, in diabetic macular edema (DME) following a series of adverse events among patients with DME who received the therapy. Nevertheless, it faces a tough road ahead as the adverse events could invite scrutiny from physicians, patients and regulators despite not occurring in wet AMD, a disease area that is also highly competitive.
Redwood City, CA-based Adverum said 22 July that it will shut down its DME development program for ADVM-022, but it...







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