Financials

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Revenues, earnings & profits over time
EUR201620172018
EBITDA(<1m)(1.3m)(2.6m)
Profit(<1m)(<1m)(2.3m)

Source: Dealroom estimates

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Recent News about SparingVision

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SparingVision is a biotechnology company dedicated to discovering and developing innovative treatments for inherited retinal diseases, particularly retinitis pigmentosa (RP). RP is a genetic disorder that leads to progressive vision loss and ultimately blindness, affecting nearly two million people worldwide. SparingVision's primary focus is on creating gene therapies that can halt or reverse the degeneration of photoreceptors in the retina, which are crucial for vision.

The company's flagship product, SPVN06, is a groundbreaking gene therapy designed to treat RP. Unlike traditional treatments that target specific genetic mutations, SPVN06 is mutation-agnostic, meaning it can be effective regardless of the specific genetic cause of the disease. This therapy works by delivering two forms of the NXNL1 gene, which are essential for the survival of photoreceptors, into the patient's retina. This innovative approach has the potential to preserve and even restore vision in RP patients.

SparingVision also has a second product in development, SPVN20, which aims to improve visual acuity and color vision in patients with advanced stages of RP. This product further underscores the company's commitment to addressing the unmet needs of individuals suffering from this debilitating condition.

SparingVision operates in the biotechnology and genomic medicine market, serving patients, healthcare providers, and patient advocacy groups. The company's business model revolves around the research, development, and commercialization of its gene therapy products. Revenue is generated through partnerships, licensing agreements, and eventually, the sale of its therapeutic products once they receive regulatory approval.

In summary, SparingVision is at the forefront of developing life-changing treatments for inherited retinal diseases, with a strong focus on innovative gene therapies that offer hope to millions of people affected by retinitis pigmentosa.

Keywords: biotechnology, gene therapy, retinitis pigmentosa, inherited retinal diseases, SPVN06, SPVN20, vision restoration, genomic medicine, photoreceptors, mutation-agnostic.

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