The company is actively presenting clinical trial results and advancing its gene therapy pipeline at major industry conferences. Presentation of Phase 2 data and continued development of programs for significant unmet medical needs in blindness diseases demonstrates progress and investor engagement, which are positive indicators for the company's trajectory.
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Small biotech cited as example of company that failed to develop competitive COVID-19 vaccine in timely manner, illustrating difficulty in predicting vaccine development success.
Phase 2 trial data showed 46% reduction in macular lesion growth with no serious adverse events; multiple analyst upgrades and price target increases; company closed $22.5 million funding round extending cash runway.
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