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ARVO 2025: Christine Kay, MD, shares interim results from the PRISM trial population extension cohort

Key Takeaway: At the 2025 ARVO meeting, Dr. Christine Kay presented interim results from the PRISM trial, which evaluates the gene therapy 4D-150 for wet AMD. The phase 2b study focuses on patients with severe disease and those recently diagnosed. The 4D-150 vector aims to enhance retinal cell transduction and reduce treatment burden.
Price reaction · baseline $10.7 (2025-12-03 close) · hit pre-market · 7 other FDMT headline(s) in the window, move may be shared
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Market Sentiment Analysis

POSITIVE FACTORS

  • Interim results indicate potential effectiveness of 4D-150.
  • The trial focuses on a novel gene therapy for wet AMD.
  • Dr. Kay's presentation highlights reduced treatment burden.

BiopharmaWatch Analysis

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Best trade, last catalyst
+128%
120-day peak, hindsight
Typical move
11.2%
average across 9 past catalysts
Cash runway
~18 mo
Low dilution risk
Lead asset
4D-150 IVT
Phase 3 · Macular Neovascularization Secondary to Age-Related Macular Degeneration

Full Press Release Details

The PRISM clinical trial assesses 4D-150 (4D Molecular Therapeutics) in adults with neovascular age-related macular degeneration, also known as wet AMD.
At the 2025 Association for Research in Vision and Ophthalmology (ARVO) annual meeting, Christine Kay, MD, of Vitreoretinal Associates in Gainesville, Florida, shared an update from the PRISM clinical trial. Dr. Kay is a vitreoretinal surgeon and inherited retinal disease specialist. She is actively involved as an investigator in multiple clinical trials at Vitreo Retinal Associates, and presented data on behalf of 4D Molecular Therapeutics (4DMT).
"The PRISM trial is a phase 1/2 clinical trial, looking at a gene therapy for wet [neovascular] macular degeneration," Dr. Kay said. "The 4D-150 vector is designed for intravitreal injection, single delivery, and it is optimized for intravitreal injection with specific retinal tropism, meaning increased transduction to retinal cells. It's also optimized to be able to invade the vitreoretinal barricades. The 4D-150 cassette is a dual vector, dual transgene cassette encoding both aflibercept as well as a micro-mRNA sequence inhibiting VEGF-C."
Dr. Kay provided an interim update on the phase 2b population extension study, which examined patients with severe disease and more recently-diagnosed patients who had seen less progression. To learn more, watch the full video and hear Dr. Kay's full summary of the results, including her analysis of the reduction in treatment burden.

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Frequently Asked Questions

What is the PRISM trial about?

The PRISM trial assesses the gene therapy 4D-150 for treating wet AMD.

Who presented the interim results at ARVO 2025?

Dr. Christine Kay presented the interim results at the ARVO 2025 meeting.

What is the focus of the phase 2b study in PRISM?

The phase 2b study focuses on patients with severe disease and recently diagnosed patients.

What does the 4D-150 vector target?

The 4D-150 vector is optimized for retinal cell transduction and intravitreal injection.

Last updated: Dec 4, 2025