AveXis has raised $75.0M in total across 2 funding rounds.
AveXis's investors include Atlas Venture, Deerfield Management, Hatteras Venture Partners, Omega Funds, RA Capital, Roche Venture Fund, Jonathan Root.
AveXis, Inc. is a biotechnology company specializing in gene therapies for rare genetic diseases, particularly those affecting the central nervous system. Founded in 2013 and headquartered in Bannockburn, Illinois, it pioneered AAV9 vector technology and achieved FDA approval in May 2019 for Zolgensma, a one-time treatment for spinal muscular atrophy (SMA) in infants.[1] The company developed therapies targeting the genetic root causes of diseases like SMA, Rett syndrome, and SOD1-ALS, serving patients and families with life-threatening conditions.[1][2] Acquired by Novartis, it was renamed Novartis Gene Therapies in 2020, expanding its pipeline and global reach, including successful European clinical trials and commercialization.[3][4][5]
AveXis built a transformational gene therapy platform, addressing unmet needs in orphan diseases through cutting-edge science and rapid clinical advancement.[1][2]
AveXis was founded in 2013 with a singular focus on advancing gene therapies from research to clinical use for patients with devastating genetic diseases.[1][5] Key early milestones included foundational research establishing AAV9 as an optimal vector for central nervous system gene transfer, which formed the basis of its pipeline.[1] The company gained pivotal traction with FDA approval of its lead SMA therapy in 2019, followed by European expansion efforts that involved hiring 36 senior experts across EMEA for trials and commercialization.[3] This momentum led to its acquisition by Novartis, after which it was rebranded as Novartis Gene Therapies in September 2020 to integrate into the parent's growing gene therapy strategy.[4][5]
AveXis rode the explosive growth of gene therapy, a trend shifting treatments from symptom management to one-time genetic cures for rare diseases, amplified by advances in viral vectors like AAV9.[1][2] Its timing was ideal amid rising FDA fast-track designations for orphan drugs and surging investor interest in biotech, as seen in backing from firms like Foresite Capital.[2] Market forces favoring AveXis included regulatory support for advanced therapy medicinal products and demand for CNS therapies, where traditional drugs fall short.[3] By proving scalable gene therapy models, it influenced the ecosystem, paving the way for Novartis-scale manufacturing and broader adoption, accelerating industry-wide progress in genetic medicine.[4][5]
As Novartis Gene Therapies, AveXis is positioned to expand its pipeline beyond SMA into Rett syndrome, ALS, and new indications, leveraging Novartis' global infrastructure for faster approvals and access programs.[1][5] Trends like AI-optimized vector design and expanded CNS delivery will shape its path, potentially dominating the $20B+ gene therapy market by 2030. Its influence may evolve from pioneer to platform leader, enabling ecosystem-wide cures while tying back to its founding mission: redefining possibilities for genetic disease patients.[1][4]
AveXis has raised $75.0M across 2 funding rounds. Most recently, it raised $65.0M Series D in September 2015.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2015 | $65.0M Series D | Atlas Venture, Deerfield Management, Hatteras Venture Partners, Omega Funds, RA Capital, Roche Venture Fund, Jonathan Root | |
| Jan 1, 2015 | $10.0M Series C | Atlas Venture, Deerfield Management, Hatteras Venture Partners, Omega Funds, RA Capital, Roche Venture Fund, Jonathan Root |
