Adverum Biotech: Q3 Loss, Stock Drop, Future Uncertainty
Update: 2025-11-12
Description
Adverum Biotechnologies, based in Redwood City, California, reported a significant loss of $47.7 million for Q3, translating to a loss of $2.03 per share, falling short of analysts predictions of $1.80 per share. The companys stock price dropped from $7.89 a year ago to $4.30, reflecting investor concerns. This financial update highlights the challenges Adverum faces in the competitive biotech market.
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