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Abeona Therapeutics® Closes Sale of Rare Pediatric Disease Priority Review Voucher for $155 Million

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Abeona Therapeutics (Nasdaq: ABEO) has completed the sale of its Rare Pediatric Disease Priority Review Voucher (PRV) for $155 million on June 27, 2025. The company's cash position, including PRV proceeds, reached approximately $225 million as of June 30, 2025.

The PRV was awarded by the FDA in April 2025 following the approval of ´Ü·¡³Õ´¡³§°­³Û±·â„�, the first FDA-approved autologous cell-based gene therapy for treating wounds in patients with recessive dystrophic epidermolysis bullosa. The company expects to begin patient treatments with ZEVASKYN in Q3 2025 and projects profitability by early 2026.

Abeona Therapeutics (Nasdaq: ABEO) ha completato la vendita del suo Voucher per la Revisione Prioritaria per Malattie Pediatriche Rare (PRV) per 155 milioni di dollari il 27 giugno 2025. La posizione di cassa dell'azienda, inclusi i proventi del PRV, ha raggiunto circa 225 milioni di dollari al 30 giugno 2025.

Il PRV è stato assegnato dalla FDA nell'aprile 2025 a seguito dell'approvazione di ´Ü·¡³Õ´¡³§°­³Û±·â„�, la prima terapia genica autologa a base cellulare approvata dalla FDA per il trattamento delle ferite nei pazienti con epidermolisi bollosa distrofica recessiva. L'azienda prevede di iniziare i trattamenti ai pazienti con ZEVASKYN nel terzo trimestre del 2025 e stima di raggiungere la redditività all'inizio del 2026.

Abeona Therapeutics (Nasdaq: ABEO) ha completado la venta de su Vale de Revisión Prioritaria para Enfermedades Pediátricas Raras (PRV) por 155 millones de dólares el 27 de junio de 2025. La posición de efectivo de la compañía, incluyendo los ingresos del PRV, alcanzó aproximadamente 225 millones de dólares al 30 de junio de 2025.

El PRV fue otorgado por la FDA en abril de 2025 tras la aprobación de ´Ü·¡³Õ´¡³§°­³Û±·â„�, la primera terapia génica basada en células autólogas aprobada por la FDA para el tratamiento de heridas en pacientes con epidermólisis bullosa distrófica recesiva. La compañía espera comenzar los tratamientos a pacientes con ZEVASKYN en el tercer trimestre de 2025 y proyecta rentabilidad a principios de 2026.

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ì� PRVëŠ� 2025ë…� 4ì›� FDAê°€ ´Ü·¡³Õ´¡³§°­³Û±·â„�ì� 승ì¸í•� í›� 수여ë˜ì—ˆìœ¼ë©°, ì´ëŠ” 열성 유전ì„� 표피박리ì¦� 환ìžì� ìƒì²˜ 치료ë¥� 위한 FDA ìŠ¹ì¸ ìµœì´ˆì� ìžê°€ ì„¸í¬ ê¸°ë°˜ 유전ìž� 치료제입니다. 회사ëŠ� 2025ë…� 3분기ì—� ZEVASKYN í™˜ìž ì¹˜ë£Œë¥� 시작í•� 예정ì´ë©°, 2026ë…� 초까지 수ìµì„±ì„ 달성í•� 것으ë¡� 예ìƒí•©ë‹ˆë‹�.

Abeona Therapeutics (Nasdaq : ABEO) a finalisé la vente de son bon de révision prioritaire pour maladies pédiatriques rares (PRV) pour 155 millions de dollars le 27 juin 2025. La trésorerie de l'entreprise, incluant les recettes du PRV, s'élevait à environ 225 millions de dollars au 30 juin 2025.

Le PRV a été attribué par la FDA en avril 2025 suite à l'approbation de ´Ü·¡³Õ´¡³§°­³Û±·â„�, la première thérapie génique autologue à base cellulaire approuvée par la FDA pour le traitement des plaies chez les patients atteints d'épidermolyse bulleuse dystrophique récessive. L'entreprise prévoit de commencer les traitements des patients avec ZEVASKYN au troisième trimestre 2025 et projette d'atteindre la rentabilité début 2026.

Abeona Therapeutics (Nasdaq: ABEO) hat am 27. Juni 2025 den Verkauf seines Priority Review Voucher (PRV) für seltene pädiatrische Krankheiten für 155 Millionen US-Dollar abgeschlossen. Die Barreserven des Unternehmens, einschließlich der Erlöse aus dem PRV, beliefen sich zum 30. Juni 2025 auf etwa 225 Millionen US-Dollar.

Der PRV wurde von der FDA im April 2025 nach der Zulassung von ´Ü·¡³Õ´¡³§°­³Û±·â„� vergeben, der ersten von der FDA zugelassenen autologen zellbasierten Gentherapie zur Behandlung von Wunden bei Patienten mit rezessiver dystropher epidermolysis bullosa. Das Unternehmen plant, im dritten Quartal 2025 mit der Behandlung von Patienten mit ZEVASKYN zu beginnen und rechnet mit der Erzielung von Gewinnen Anfang 2026.

Positive
  • Secured $155 million from PRV sale, strengthening cash position to $225 million
  • Cash runway extended to over two years without need for additional capital
  • First ZEVASKYN patient treatment expected in Q3 2025
  • Profitability projected for early 2026
Negative
  • None.

Cash resources totaled approximately $225 million as of June 30, 2025

CLEVELAND, July 02, 2025 (GLOBE NEWSWIRE) -- Abeona Therapeutics Inc. (Nasdaq: ABEO) today announced the closing of the sale of its Rare Pediatric Disease Priority Review Voucher (PRV) for gross proceeds of $155 million on June 27, 2025.

Including net proceeds from the sale of the PRV, the Company reported that unaudited cash, cash equivalents, restricted cash and short-term investments as of June 30, 2025 were approximately $225 million.

“We have reached another key milestone: the successful sale of our PRV has closed,� said Joe Vazzano, Chief Financial Officer of Abeona. “The PRV proceeds, combined with our existing cash, provides Abeona with robust financial flexibility, ensuring over two years of operating capital for sustained growth without the need for further capital infusion and prior to accounting for ZEVASKYN sales. We anticipate the first ZEVASKYN patient treatment in Q3 2025, with profitability projected for early 2026.�

Abeona was awarded the PRV by the U.S. Food and Drug Administration (FDA) in April 2025 in connection with the FDA’s approval of ´Ü·¡³Õ´¡³§°­³Û±·â„� (prademagene zamikeracel), the first and only U.S. approved autologous cell-based gene therapy for the treatment of wounds in adult and pediatric patients with recessive dystrophic epidermolysis bullosa.

About Abeona Therapeutics
Abeona Therapeutics Inc. is a commercial-stage biopharmaceutical company developing cell and gene therapies for serious diseases. Abeona’s ´Ü·¡³Õ´¡³§°­³Û±·â„� (prademagene zamikeracel) is the first and only autologous cell-based gene therapy for the treatment of wounds in adults and pediatric patients with recessive dystrophic epidermolysis bullosa (RDEB). The Company’s fully integrated cell and gene therapy cGMP manufacturing facility in Cleveland, Ohio serves as the manufacturing site for ZEVASKYN commercial production. The Company’s development portfolio features adeno-associated virus (AAV)-based gene therapies for ophthalmic diseases with high unmet medical need. Abeona’s novel, next-generation AAV capsids are being evaluated to improve tropism profiles for a variety of devastating diseases. For more information, visit .

ZEVASKYNTM, Abeona AssistTM, Abeona Therapeutics®, and their related logos are trademarks of Abeona Therapeutics Inc.

Forward-Looking Statements
This press release contains certain statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and that involve risks and uncertainties. We have attempted to identify forward-looking statements by such terminology as “may,� “will,� “believe,� “anticipate,� “expect,� “intend,� “potential,� and similar words and expressions (as well as other words or expressions referencing future events, conditions or circumstances), which constitute and are intended to identify forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, numerous risks and uncertainties, including but not limited to, our ability to commercialize ZEVASKYN; the therapeutic potential of ZEVASKYN, whether the unmet need and market opportunity for ZEVASKYN are consistent with the Company’s expectations, continued interest in our rare disease portfolio; our ability to enroll patients in clinical trials; the outcome of future meetings with and inspections from the FDA or other regulatory agencies, including those relating to preclinical programs; our ability to obtain necessary regulatory approvals; the impact of any changes in the financial markets or global economic conditions; risks associated with data analysis and reporting; and other risks disclosed in the Company’s most recent Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise the forward-looking statements or to update them to reflect events or circumstances occurring after the date of this press release, whether as a result of new information, future developments or otherwise, except as required by the federal securities laws.



Investor and Media Contact:
Greg Gin
VP, Investor Relations and Corporate Communications
Abeona Therapeutics
[email protected]

FAQ

How much did Abeona Therapeutics (ABEO) sell its Priority Review Voucher for?

Abeona Therapeutics sold its Rare Pediatric Disease Priority Review Voucher for $155 million on June 27, 2025.

What is ZEVASKYN and what was it approved for?

ZEVASKYN is the first FDA-approved autologous cell-based gene therapy for treating wounds in adult and pediatric patients with recessive dystrophic epidermolysis bullosa.

What is Abeona's (ABEO) current cash position after the PRV sale?

Abeona's cash, cash equivalents, restricted cash and short-term investments totaled approximately $225 million as of June 30, 2025.

When does Abeona Therapeutics expect to achieve profitability?

Abeona Therapeutics projects reaching profitability by early 2026, following the anticipated first ZEVASKYN patient treatment in Q3 2025.

How long will Abeona's current cash position last?

The company's current cash position provides over two years of operating capital without requiring additional funding, before accounting for ZEVASKYN sales.
Abeona Therapeut

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Biotechnology
Pharmaceutical Preparations
United States
CLEVELAND