AVTX
NASDAQ
Biotechnology
$18.20
USD
+$0.20 (+1.11%)
Last close
Market Cap:
$954.07M
Volume:
8.5M
Previous Close
$18.00
Day Range
$17.63 - $18.46
52 Week Range
$4.50 - $24.27
Average Volume (10 Days)
1.9M
P/E Ratio
0.00
Dividend Yield
0.00%
Avalo Therapeutics, Inc. is a clinical stage biotechnology company, which engages in the treatment of immune dysregulation by developing therapies that target the LIGHT-signaling network. The company is headquartered in Wayne, Pennsylvania and currently employs 33 full-time employees. The company went IPO on 2015-11-13. The firm's lead asset is AVTX-009, an anti-IL-1β mAb, targeting inflammatory diseases. AVTX-009 is a humanized monoclonal antibody (IgG4) that binds to interleukin-1β (IL-1β) with high affinity and neutralizes its activity. IL-1β is a central driver in the inflammatory process. Overproduction or dysregulation of IL-1β is implicated in many autoimmune and inflammatory diseases. IL-1β is a major, validated target for therapeutic intervention. There is evidence that inhibition of IL-1β could be effective in hidradenitis suppurativa and a variety of inflammatory diseases in dermatology, gastroenterology, and rheumatology. AVTX-009 is in the Phase II LOTUS trial for hidradenitis suppurativa (HS).
CEO
Dr. Garry Neil
Headquaters
Wayne, PENNSYLVANIA, US
Founded
2015
Employees
33
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