Company Description
Abeona Therapeutics Inc. (NASDAQ: ABEO) is a commercial-stage biopharmaceutical company focused on developing cell and gene therapies for serious diseases. According to company disclosures, Abeona’s lead commercial product is ZEVASKYN® (prademagene zamikeracel), described as the first and only autologous cell-based gene therapy for the treatment of wounds in adult and pediatric patients with recessive dystrophic epidermolysis bullosa (RDEB), a rare and severe blistering skin disorder. The company is classified under pharmaceutical preparation manufacturing within the broader manufacturing sector and its common stock trades on The Nasdaq Capital Market under the symbol ABEO.
Business focus and therapeutic platform
Abeona Therapeutics states that it is developing cell and gene therapies for serious diseases, with a particular emphasis on rare conditions where medical need is high. ZEVASKYN is an autologous cell sheet-based gene therapy, meaning it uses a patient’s own skin cells that are genetically modified outside the body (ex vivo) and then surgically applied to wounds. Company materials explain that ZEVASKYN incorporates the functional COL7A1 gene into a patient’s skin cells using a replication-incompetent retroviral vector, enabling production of functional type VII collagen in treated wounds. This approach is intended to address the underlying genetic defect in RDEB.
The company also reports that it operates a fully integrated cell and gene therapy cGMP manufacturing facility in Cleveland, Ohio, which serves as the manufacturing site for ZEVASKYN commercial production. This in-house capability is positioned as a core operational asset supporting Abeona’s commercial-stage activities in gene-modified cellular therapies.
ZEVASKYN® and recessive dystrophic epidermolysis bullosa (RDEB)
Company descriptions highlight that RDEB is a rare blistering disorder characterized by severe skin wounds that cause pain and can lead to systemic complications affecting length and quality of life. People with RDEB have a defect in both copies of the COL7A1 gene, which prevents production of functional type VII collagen needed to anchor the dermal and epidermal layers of the skin. Without this anchoring structure, the skin is fragile, blisters easily, and wounds may repeatedly open and close or fail to heal.
Abeona reports that ZEVASKYN has demonstrated clinically meaningful wound healing and pain reduction with a single surgical application in treated wounds. The therapy is indicated for the treatment of wounds in adult and pediatric patients with RDEB. Company communications also describe ZEVASKYN as an FDA-approved autologous gene therapy and note that it is administered at designated Qualified Treatment Centers (QTCs), which are specialized clinical sites trained and authorized to deliver the product.
Manufacturing and commercialization infrastructure
Abeona emphasizes that its cGMP manufacturing facility in Cleveland, Ohio is the production site for ZEVASKYN commercial supply. The company’s updates describe activities such as manufacturing full batches of drug product following patient biopsy collection and implementing optimized release assays to satisfy regulatory requirements for product sterility testing. These disclosures indicate that Abeona combines development, manufacturing, and commercial launch functions within a single organization.
In addition to manufacturing, Abeona references a network of Qualified Treatment Centers across the United States. Company news mentions activation of centers such as academic medical institutions and children’s hospitals, which are described as recognized sites for complex skin disease and wound care. Abeona also notes that it works with both commercial health plans and public payers, and that the Centers for Medicare and Medicaid Services (CMS) has established a permanent HCPCS J-code (J3389) for ZEVASKYN, effective January 1, 2026, to support billing and reimbursement for the therapy.
Pipeline and AAV-based gene therapy programs
Beyond ZEVASKYN, Abeona reports a development portfolio of adeno-associated virus (AAV)-based gene therapies targeting ophthalmic diseases with high unmet medical need. Company materials state that Abeona’s novel, next-generation AAV capsids are being evaluated for a variety of devastating diseases. As one example, the company has disclosed a program designated ABO-503, a gene therapy candidate for X-linked retinoschisis (XLRS), which was selected for participation in the U.S. Food and Drug Administration’s Rare Disease Endpoint Advancement (RDEA) Pilot Program. Within this program, Abeona expects enhanced communication with the FDA to help develop and validate product-specific efficacy endpoints for the XLRS program.
These disclosures indicate that Abeona’s pipeline strategy centers on genetic diseases, particularly in ophthalmology, where gene therapy may offer a way to address the root cause of disease by delivering functional copies of defective genes.
Patient support and access programs
Abeona highlights a patient support initiative branded as Abeona Assist®, described as a patient support program for individuals receiving ZEVASKYN. According to company communications, Abeona Assist offers personalized support that can include helping eligible patients understand insurance benefits and financial assistance options, as well as providing travel and logistical assistance related to treatment. This program is presented as part of Abeona’s approach to facilitating access to its gene therapy for patients with RDEB.
The company also notes that multiple commercial health plans have published coverage policies for ZEVASKYN and that a significant portion of RDEB patients are covered by these plans. In addition, the assignment of a permanent J-code by CMS is described as an important step for streamlining claims and reimbursement processes between qualified treatment centers and payers.
Corporate and financial reporting
Abeona Therapeutics files periodic and current reports with the U.S. Securities and Exchange Commission (SEC). Recent Form 8-K filings reference quarterly financial results, operational updates, and the completion of an asset sale involving a Rare Pediatric Disease Priority Review Voucher (PRV) awarded by the FDA in connection with the approval of ZEVASKYN. The company’s common stock is registered under the Exchange Act and listed on The Nasdaq Capital Market under the trading symbol ABEO.
In its financial disclosures, Abeona has discussed cash, cash equivalents, restricted cash, and short-term investments, as well as research and development and selling, general and administrative expenses associated with the commercial launch of ZEVASKYN. The company has also reported the impact of the PRV sale on its financial position. These regulatory filings provide investors with insight into Abeona’s capital resources, operating expenses, and progress in transitioning from a clinical-stage to a commercial-stage biopharmaceutical company.
Position within the biopharmaceutical and gene therapy space
Based on its own descriptions, Abeona Therapeutics operates at the intersection of biopharmaceutical development, gene therapy, and rare disease treatment. The company focuses on autologous cell-based gene therapy for a severe dermatologic condition and on AAV-based gene therapies for ophthalmic diseases. Its integrated manufacturing facility, network of specialized treatment centers, and patient support program are presented as structural elements that support the development and commercialization of its therapies.
For investors and observers, ABEO stock represents exposure to a company that states it is commercial-stage with an FDA-approved gene therapy product and a pipeline of gene therapy candidates. The company’s disclosures emphasize the seriousness of the diseases it targets, the genetic mechanisms underlying those conditions, and the regulatory and reimbursement infrastructure that underpins its commercial efforts.
Key risk and safety considerations (as described by the company)
Company communications about ZEVASKYN include Important Safety Information. Abeona notes that serious allergic reactions can occur and that there is a potential risk that treatment may contribute to the development of cancer because of how the therapy works, requiring lifelong monitoring for signs of cancer. The therapy is made using human and animal materials, and while these are tested, the company states that the risk of transmitting infections cannot be completely eliminated. The most common side effects mentioned are procedure-related pain and itching. Abeona advises that this is not a complete list of side effects and directs patients to consult their care team and to report side effects to the company or the FDA.
These safety disclosures underscore that, while ZEVASKYN is presented as a gene therapy option for RDEB, it also carries risks that are described in its prescribing information and regulatory documentation.
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Short Interest History
Short interest in Abeona Therapeut (ABEO) currently stands at 13.2 million shares, down 5.4% from the previous reporting period, representing 28.7% of the float. Over the past 12 months, short interest has increased by 425.8%. This high level of short interest suggests significant bearish sentiment among traders. With 14.0 days to cover, it would take significant time for short sellers to close their positions based on average trading volume.
Days to Cover History
Days to cover for Abeona Therapeut (ABEO) currently stands at 14.0 days, up 37.3% from the previous period. This elevated days-to-cover ratio indicates it would take over two weeks of average trading volume for short sellers to exit their positions, suggesting potential for a short squeeze if positive news emerges. The days to cover has increased 39% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.3 to 14.0 days.