Adverum Biotechnologies, Inc. announced the opening of its new corporate headquarters, located at 800 Saginaw Drive in Redwood City, CA. Located in the Seaport Center, one of the large biotechnology research complexes in the San Francisco Bay Area, this new 80,000 square foot facility will serve as the company's headquarters and will include expanded laboratory space and manufacturing process capabilities to further advance Adverum's gene therapies. This facility includes two buildings, located at 800 and 900 Saginaw Drive in Redwood City, CA.

The first building will be approximately 40,000 square feet, with approximately half dedicated to office space and half for laboratory space to support Adverum's novel vector discovery and development platform. The second building also will have approximately 40,000 square feet of space, enabling expanded process development and manufacturing capabilities, pharmacodynamics laboratories, quality control laboratories, and warehouses. The company's commitment to the local economy and job market is reflected in its plans to grow its workforce over the course of 2020 and beyond as it continues to advance the clinical development of ADVM-022 for wet age-related macular degeneration and diabetic retinopathy and further develop its pipeline of research-stage gene therapies.