ABEO News & Events

Abeona Therapeutics granted equity awards to new executive and non-executive employees who joined the Company. The equity awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4). On December 30, the Compensation Committee of Abeona's Board of Directors granted restricted stock equity awards as a material inducement to employment to seven individuals hired by Abeona, which equity awards relate to, in the aggregate, up to 79,584 restricted shares of Abeona common stock. One-third of the shares subject to such restricted stock awards will vest yearly on each anniversary of the Grant Date, such that the shares subject to such restricted stock awards granted to each employee will be fully vested on the third anniversary of the Grant Date, in each case, subject to each employee's continued employment with Abeona on the applicable vesting dates.

Abeona Therapeutics announced the appointment of Mohamad Tabrizi as Senior Vice President, Chief Business Officer. In this role, Mr. Tabrizi will lead the Company's corporate strategy and business development functions, as well as drive operating efficiency for the Company. Tabrizi transitions to Abeona from the venture capital sector, where he served as a General Partner and Managing Director at Pandect Bioventures

Abeona Therapeutics announced activation of The University of Texas Medical Branch in Galveston, Texas, as the newest Qualified Treatment Center for the administration of Zevaskyn gene-modified cellular sheets. Zevaskyn, a first-of-its-kind, FDA-approved autologous, gene therapy is indicated for the treatment of wounds in adult and pediatric patients with recessive dystrophic epidermolysis bullosa.

Abeona Therapeutics announced the first commercial patient treatment with FDA-approved ZEVASKYN, a first-of-its-kind, autologous gene therapy for treating wounds in adult and pediatric patients with recessive dystrophic epidermolysis bullosa (RDEB). ZEVASKYN was administered at Lucile Packard Children's Hospital Stanford in Palo Alto, CA. "Treating our first patient is a proud moment for Abeona and a testament to the tireless resolve of our team," said Vish Seshadri, Chief Executive Officer of Abeona. "We are humbled to bring ZEVASKYN to the RDEB community and grateful to our growing network of Qualified Treatment Centers. Momentum is building, with additional patients already scheduled for treatment in the new year."