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Last $2.00 USD
Change Today -0.16 / -7.41%
Volume 2.5M
AVEO On Other Exchanges
As of 8:10 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

aveo pharmaceuticals inc (AVEO) Snapshot

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05/21/15 - $3.50
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aveo pharmaceuticals inc (AVEO) Details

AVEO Pharmaceuticals, Inc., a biopharmaceutical company, develops targeted therapies for patients with cancer and related diseases. Its product candidates under development include Tivozanib, an tyrosine kinase inhibitor for various vascular endothelial growth factors; Ficlatuzumab, a hepatocyte growth factor inhibitory antibody, which has completed Phase II trial; and AV-203, an anti-ErbB3 monoclonal antibody that has completed a Phase I dose escalation study. The company’s development programs also comprise AV-380 Program, a humanized IgG1 inhibitory monoclonal antibody for the treatment or prevention of cachexia, which is a multi-factorial syndrome of involuntary weight loss associated with various cancers and diseases outside of cancer. It has strategic partnerships with Ophthotech Corporation; Biodesix, Inc.; St. Vincent’s Hospital Sydney Limited; Biogen Idec Inc.; and Kyowa Hakko Kirin. The company was formerly known as GenPath Pharmaceuticals, Inc. and changed its name to AVEO Pharmaceuticals, Inc. in March 2005. AVEO Pharmaceuticals, Inc. was incorporated in 2001 and is headquartered in Cambridge, Massachusetts.

57 Employees
Last Reported Date: 03/6/15
Founded in 2001

aveo pharmaceuticals inc (AVEO) Top Compensated Officers

Chief Executive Officer, President, Secretary...
Total Annual Compensation: $504.1K
Executive Officer
Total Annual Compensation: $480.3K
Chief Financial Officer
Total Annual Compensation: $350.9K
Compensation as of Fiscal Year 2014.

aveo pharmaceuticals inc (AVEO) Key Developments

AVEO Oncology Announces New Corporate Headquarters in Cambridge, Massachusetts

AVEO Oncology announced the relocation of its corporate headquarters to One Broadway in Cambridge, Massachusetts, effective on May 26, 2015. The new facility consists of approximately 5,000 square feet of office space under flexible lease terms, with no laboratory or vivarium space. The new headquarters represents a reduction of approximately 90% in facilities from its prior Cambridge location at 650 E. Kendall Square.

AVEO Oncology Announces Presentation of Final Results of Extension Study 902 and FDA Regulatory Feedback for Advancing Tivozanib in Renal Cell Carcinoma

AVEO Oncology announced that final results from the TIVO-1 extension study, known as Study 902, in which patients with advanced renal cell carcinoma (RCC) received tivozanib as second-line treatment subsequent to disease progression on sorafenib in the company’s Phase 3 TIVO-1 first-line RCC study, will be presented at the 2015 American Society of Clinical Oncology (ASCO) Annual Meeting. The Company previously reported interim median progression free survival (PFS) results of 8.4 months among the 163 patients enrolled in Study 902. Final results now show a median PFS in this setting of 11.0 months and median overall survival (OS) of 21.6 months, demonstrating the efficacy of tivozanib in a VEGF treatment refractory population. AVEO also announced that it has received a written response from the U.S. Food and Drug Administration (FDA) stating that a phase 3 study outlined by the Company, in patients with RCC who have failed at least two prior regimens, including VEGF therapy, “may support AVEO’s proposed indication for tivozanib in the 3rd line setting.” In response to whether the study, together with the TIVO-1 study, would be sufficient to support licensure of tivozanib as a treatment for advanced RCC, the FDA indicated: “whether the results from this study can support AVEO’s proposal for tivozanib in the first line setting is a review issue. The study design shared with the FDA is a randomized, controlled, multi-center, open-label Phase 3 study of approximately 314 subjects randomized 1:1 to receive either tivozanib or sorafenib. Subjects enrolled in the study may include those who have received prior immunotherapy, including immune checkpoint (PD-1) inhibitors, reflecting a potentially evolving treatment landscape. The primary objective of the study would be PFS. Secondary objectives would include OS and objective response rate (ORR) as well as safety and pharmacokinetic endpoints.

AVEO Oncology Announces Unaudited Consolidated Earnings Results for the First Quarter of 2015; Provides Earnings Guidance for the Third Quarter of 2016

AVEO Oncology announced unaudited consolidated earnings results for the first quarter of 2015. The company reported a wider-than-expected loss for the first quarter of 2015, but beat the analyst estimate by $0.04 per share. The company reported a net loss of $10.9 million, or $0.21 per share compared to for the same quarter last year, reported a loss of $6.4 million, or $0.12 per share. As a result of an additional one-time recognition of $14.1 million of previously deferred revenue as a result of the modification of Aveo's arrangement with Biogen Idec (BIIB), revenue was only $134,000 versus $15.3 million for first quarter of 2014. Total revenue was $10.283 million against $21.181 million a year ago. Loss from operations was $10.149 million against $5.892 million a year ago. The increase in the net loss is primarily driven by the additional one-time recognition of previously deferred revenue during first quarter of 2014, partially offset by the decrease in R&D and G&A expense. Based on its current operating plan, the company expects its $39.1 million in cash resources as of March 31, 2015 will be sufficient to fund operations into the third quarter of 2016.


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Valuation AVEO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 38.3x
Price/Book 8.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 20.8x

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