other material
confidence high
sentiment positive
materiality 0.80
Abeona Therapeutics sells PRV for $155M cash; expects profitability early 2026
ABEONA THERAPEUTICS INC.
- Definitive agreement to sell Rare Pediatric Disease PRV for $155M in gross cash proceeds at closing.
- PRV awarded by FDA on April 28, 2025 upon approval of ZEVASKYN (prademagene zamikeracel) for RDEB.
- CFO: proceeds provide over two years of operating expenses without additional financing; ZEVASKYN launch Q3 2025.
- Expects profitability in early 2026; closing subject to HSR waiting period; Stifel and Jefferies as advisors.