Excellent news for AlveoGene today with confirmation of our Rare Paediatric Disease Designation from the FDA for AVG-002 indicated in lethal neonatal surfactant deficiency SP-B. This sets us on the pathway to developing a first-and-best-in-class product for this unmet medical need and provide a lasting therapeutic solution enabled by our inhaled gene therapy platform, InGenuITy®. Once approved, we will also qualify for the award of a Priority Review Voucher, which recently have secured associated valuations in the $100-150m range. We are also making excellent progress with AVG-003 indicated in ABCA3 surfactant deficiency, and data in hand supports AVG-001 becoming the preferred future product for the treatment of AATD lung disease.
Great news for AlveoGene
Congrats Gerry!
Deputy Director of Strategic Development at NIHR (National Institute for Health and Care Research) Research Delivery Network
1moGreat news, well done all