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Abeona Therapeutics Inc
LSE:0H7R

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Abeona Therapeutics Inc Logo
Abeona Therapeutics Inc
LSE:0H7R
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Price: 4.525 USD 0.08% Market Closed
Market Cap: $12.8B

Abeona Therapeutics Inc
Investor Relations

Abeona Therapeutics, Inc. is a clinical stage biopharmaceutical company, which engages in the development of gene therapy for severe and life-threatening rare diseases. The company is headquartered in New York City, New York and currently employs 90 full-time employees. The Company’s lead clinical programs consist of EB-101, which is an autologous, gene-corrected cell therapy for recessive dystrophic epidermolysis bullosa (RDEB), ABO-102, which is an adeno-associated virus (AAV)-based gene therapy for Sanfilippo syndrome type A (MPS IIIA), and ABO-101, which is an AAV-based gene therapy for Sanfilippo syndrome type B (MPS IIIB). The company is focused on to develop additional AAV-based gene therapies designed to treat ophthalmic and other diseases and AAV-based gene therapies using the AIM capsid platform that has a license from the University of North Carolina at Chapel Hill and internal AAV vector research programs.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 17, 2026
AI Summary
Q4 2025

Launch momentum: ZEVASKYN commercial launch resumed—2 patients treated since Q4 2025, 1 treated this quarter, 3 additional patients biopsied with more biopsies expected soon.

QTC footprint: Four qualified treatment centers (QTCs) are activated (2 treating, 2 in administrative/onboarding stages); company is working to onboard 5 more and aims for at least 7 QTCs by end of 2026.

Demand growth: Identified eligible patient pool expanded from ~50 to more than 100 after field team deployment; ~10 patients are advancing through administrative steps targeting Q2 2026 biopsies.

Payer coverage: Major commercial payers (UnitedHealthcare, Cigna, Aetna, Anthem and most BCBS plans) cover ZEVASKYN (~80% commercially covered lives); Medicaid baseline coverage across all 50 states and a permanent HCPCS J-code effective Jan 1, 2026.

Manufacturing capacity: Current facility cadence is 6 patients/month with a planned ramp to 10 patients/month later this year; manufacturing lead time is ~25 days per patient.

Financials snapshot: 2025 total revenue $5.8M (includes $2.4M net product revenue from the first commercial treatment and $3.4M license/other), net income $71.2M driven largely by a $152.4M gain from sale of a rare pediatric disease voucher; cash and short-term investments $191.4M as of 12/31/2025.

Profitability trigger: Management stated that roughly >3 patients/month (3.5+ mentioned) would move the company toward profitability versus an annual company burn around $100 million.

Key Financials
Total revenue
$5.8 million
License and other revenues
$3.4 million
Net product revenue
$2.4 million
Clinical milestone (Q4 2025)
$3.0 million
Cost of sales
$1.5 million
Research and development expense
$26.8 million
Selling, general and administrative expense
$65.0 million
Gain on sale of priority review voucher
$152.4 million
Net income (loss)
$71.2 million
Earnings per share - basic
$1.34
Earnings per share - diluted
$1.01
Cash, cash equivalents and short-term investments
$191.4 million
Commercial patients treated since launch
2 patients
Patients treated this quarter
1 patient
Additional biopsies this quarter
3 patients biopsied (treatment scheduled)
Identified eligible patient pool
more than 100 patients
Qualified treatment centers activated
4 QTCs (2 treating, 2 onboarding)
Production lead time per patient
25 days
Current production cadence
6 patients per month
Profitability threshold (management view)
~3 to 3.5 patients per month to reach profitable company level (company burn ~ $100 million per year)
HCPCS J-code effective date
January 1, 2026
Medicaid coverage
baseline coverage across all 50 states
Commercial payer policy coverage
~80% of commercially covered lives
Other Earnings Calls

Management

Dr. Vishwas Seshadri M.B.A., Ph.D.
President, CEO & Director
No Bio Available
Mr. Brian Kevany Ph.D.
Senior VP, CTO & CSO
No Bio Available
Mr. Gregory Gin
Vice President of Investor Relations & Corporate Communications
No Bio Available
Ms. Alison Hardgrove
Chief People Officer
No Bio Available
Mr. Jon Voss
VP & Head of Quality
No Bio Available
Dr. Madhav Vasanthavada M.B.A., Ph.D.
Senior VP, Chief Commercial Officer & Head of Business Development
No Bio Available
Mr. Carl Denny
Senior Vice President of Regulatory Affairs
No Bio Available

Contacts

Address
NEW YORK
New York City
1330 Avenue of the Americas Fl 33
Contacts
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