Abeona Therapeutics Inc. (NASDAQ: ABEO) was featured in a recent equity research report published by Mizuho Securities USA LLC. The report reads, “Abeona reported 1Q20 results yesterday. 1Q20 EPS was $(0.52) vs. Bloomberg consensus of $(0.24). We do not see earnings as the most meaningful driver of ABEO at this stage. Covid-19 has had some impact on operations but we believe the situation is manageable. Enrollment in the pivotal EB-101 trial could be complete by YE20, depending when patient dosing can resume at the Stanford site. In the MPS III programs, we expect new biomarker updates at ASGCT. We maintain our Neutral rating on the shares. While we acknowledge recent progress at the company, we would like to see additional developments including the build out of the leadership team with the important CFO and CMO positions.”
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About Abeona Therapeutics Inc.
Abeona Therapeutics Inc. is a clinical-stage biopharmaceutical company developing gene and cell therapies for serious diseases. The Company’s clinical programs include EB-101, its autologous, gene-corrected cell therapy for recessive dystrophic epidermolysis bullosa, as well as ABO-102 and ABO-101, novel AAV-based gene therapies for Sanfilippo syndrome types A and B (MPS IIIA and MPS IIIB), respectively. The Company’s portfolio of AAV-based gene therapies also features ABO-202 and ABO-201 for CLN1 disease and CLN3 disease, respectively. Abeona has received numerous regulatory designations from the FDA and EMA for its pipeline candidates, including Regenerative Medicine Advanced Therapy designation for two candidates (EB-101 and ABO-102). www.abeonatherapeutics.com
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