Avalo Therapeutics

AVTX · NASDAQ

$12.36+$0.77 (+6.64%)TodayMarket closed ·
Prev close $11.59

About AVTX

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).

Employees
33
Headquarters
Wayne, Pennsylvania
Listed
Nov 13, 2015
Sector
Health Care
Industry
Biotechnology

Leadership

Avalo Therapeutics executives
NameTitleSince
Michael Heffernan——
Garry Neil—2020
Christopher Sullivan——
Mittie Doyle——
Jennifer Riley——
Paul Varki——
Mitchell Chan——
Jonathan Goldman——
Rita Jain——
Aaron Kantoff——
Gilla Kaplan——
Kevin Lind——
Samantha Truex——

Revenue by product and region

Fiscal year ended Dec 31, 2023: $1.92M total revenue

By product

  • Product revenue, net$1.40M72.8%
  • License and other revenue$500.00K26.0%

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