Avrobio reports Q4 EPS (67c), consensus (57c)
"2018 was a very productive year for AVROBIO, as we built a solid financial foundation with our IPO and made significant progress advancing our pipeline of gene therapies for Fabry and other lysosomal storage diseases," commented CEO Geoff MacKay. "We enter 2019 with strong momentum. Our recently-presented preliminary clinical data from the Fabry program builds upon a growing body of evidence for the therapeutic potential of AVR-RD-01 as a gene therapy for patients with this debilitating disease. In addition, we look forward to expanding AVROBIO's clinical activities, with trials for Gaucher disease and cystinosis expected to start in 2019. Finally, after three and a half years of development, we were excited to introduce the plato platform, which includes a proprietary vector system, cell manufacturing solution and conditioning regimen with therapeutic drug monitoring. We believe that plato provides the foundation for the potential worldwide commercialization of our gene therapies. We plan to incorporate plato into our Fabry and Gaucher clinical trials in the second half of 2019."