AGTC to Host Conference Call on May 6 at 8:00 AM ET to Discuss XLRP Full 12-Month Data from Highest Dose Groups and 24-Month Data from a Subset of Group 4 Patients of its Ongoing Phase 1/2 Clinical Trial

Rhea-AI Summary

Applied Genetic Technologies Corporation (Nasdaq: AGTC) will release significant clinical trial data on May 6, 2021, regarding its Phase 1/2 study targeting X-linked Retinitis Pigmentosa (XLRP). This update includes 12-month data on Groups 5 and 6, focusing on safety and durability of effect, and 24-month data from a subset of Group 4 patients. A conference call will accompany the data release at 8:00 AM ET, providing updates on the ongoing trial. AGTC specializes in gene therapies for rare retinal diseases and is advancing other clinical and preclinical programs.

Positive

• Upcoming release of 12-month and 24-month clinical trial data on XLRP, which may show durability and safety of AGTC's gene therapies.
• Management's proactive approach in sharing trial results and updates indicates transparency and investor engagement.

Negative

• None.

GAINESVILLE, Fla. and CAMBRIDGE, Mass., May 05, 2021 (GLOBE NEWSWIRE) -- Applied Genetic Technologies Corporation (Nasdaq: AGTC), a biotechnology company conducting human clinical trials of adeno-associated virus (AAV)-based gene therapies for the treatment of rare retinal diseases, today announced that it plans to release 12-month data for Groups 5 and 6 evaluating durability of effect and continued safety at higher doses and 24-month data evaluating durability from a subset of Group 4 patients for its Phase 1/2 clinical trial in patients with X-linked Retinitis Pigmentosa (XLRP) on Thursday, May 6, 2021. AGTC management will host a conference call and webcast with accompanying slides to review the data and provide a general update on the XLRP trial beginning at 8:00 AM Eastern Time on the same date.

The live webcast will be available in the Events and Presentations section of the Investor Relations page at http://ir.agtc.com/events-and-presentations. To access the call, dial 866-269-4262 (US) or 323-347-3278 (outside of the US) referencing conference ID# 9770776. The archived webcast and slide presentation will be available in the Events and Presentations section of the Company's website.

About AGTC

AGTC is a clinical-stage biotechnology company developing genetic therapies for people with rare and debilitating ophthalmic, otologic and central nervous system (CNS) diseases. AGTC is a leader in designing and constructing all critical gene therapy elements and bringing them together to develop customized therapies that address real patient needs. AGTC’s most advanced clinical programs leverage its best-in-class technology platform to potentially improve vision for patients with an inherited retinal disease. AGTC has active clinical trials in X-linked retinitis pigmentosa (XLRP) and achromatopsia (ACHM CNGB3 and ACHM CNGA3). Its preclinical programs build on the Company’s industry leading AAV manufacturing technology and scientific expertise. AGTC is advancing multiple important pipeline candidates to address substantial unmet clinical need in optogenetics, otology and CNS disorders. In recent years AGTC has entered into strategic partnerships with companies including Otonomy, a biopharmaceutical company dedicated to the development of innovative therapeutics for neurotology, and Bionic Sight, an innovator in the emerging field of optogenetics and retinal coding.

IR/PR CONTACTS: 
David Carey (IR) or Glenn Silver (PR)
Lazar FINN Partners
T: (212) 867-1768 or (646) 871-8485
david.carey@finnpartners.com or glenn.silver@finnpartners.com

Corporate Contacts:
Bill Sullivan
Chief Financial Officer
Applied Genetic Technologies Corporation
T: (617) 843-5728  
bsullivan@agtc.com

Stephen Potter
Chief Business Officer
Applied Genetic Technologies Corporation
T: (617) 413-2754
spotter@agtc.com

FAQ

What clinical trial data will AGTC release on May 6, 2021?

AGTC will release 12-month data for Groups 5 and 6 and 24-month data from a subset of Group 4 patients from its Phase 1/2 clinical trial for X-linked Retinitis Pigmentosa.

When will AGTC host a conference call regarding the trial updates?

AGTC will host a conference call on May 6, 2021, at 8:00 AM Eastern Time to discuss the trial data and updates.

What is the significance of the 12-month and 24-month data for AGTC?

The 12-month data will assess the durability of effect and safety at higher doses, while the 24-month data will provide insights into long-term outcomes from the trial.

What does AGTC specialize in?

AGTC specializes in developing gene therapies for rare retinal diseases, particularly X-linked Retinitis Pigmentosa and other ophthalmic conditions.