Abeona Therapeutics (ABEO)


Market Price (9/26/2026): $5.405 | Market Cap: $308.3 MilSector: Health Care | Industry: Biotechnology

Abeona Therapeutics (ABEO)


Market Price (9/26/2026): $5.405
Market Cap: $308.3 Mil
Sector: Health Care
Industry: Biotechnology

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -41%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 6280%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -31%

Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Targeted Therapies, Show more.

Weak multi-year price returns
2Y Excs Rtn is -46%, 3Y Excs Rtn is -34%

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.99

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -84 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -328%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 45%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -300%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -319%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -24%

Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 28%

Key risks
ABEO key risks include [1] the commercial success of its lead gene therapy ZEVASKYN, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -41%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 6280%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -31%
3 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Targeted Therapies, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -46%, 3Y Excs Rtn is -34%
5 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.99
6 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -84 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -328%
7 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 45%
8 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -300%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -319%
9 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -24%
10 Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 28%
11 Key risks
ABEO key risks include [1] the commercial success of its lead gene therapy ZEVASKYN, Show more.

ABEO in ETFs

Weight = ABEO's share of each fund

VTI0.00%
ITOT0.00%
IWM0.01%
VTWO0.01%
IWN0.00%
DFAS0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/23/2026

Abeona Therapeutics (ABEO) stock has lost about 5% since 5/31/2026 because of the following key factors:

1. Abeona Therapeutics missed financial expectations for fiscal Q2 2026.

The company reported its financial results for the second fiscal quarter of 2026 (which ended June 30, 2026) on August 13, 2026. Net ZEVASKYN® revenue was $11.4 million, falling short of analyst consensus estimates of $12.24 million. Additionally, the net loss widened to $(20.2) million, or $(0.35) per basic and diluted common share, missing the consensus estimate of $(0.23) per share by $0.12. This financial underperformance likely contributed to a decline in investor confidence.

2. Operational challenges with ZEVASKYN® manufacturing impacted revenue recognition and increased cash burn.

During fiscal Q2 2026, while five patients were treated with ZEVASKYN®, revenue was only recognized for four treatments, as one batch yielded fewer than the threshold number of sheets for revenue recognition. This manufacturing inefficiency meant that 20% of treatments in the quarter did not generate revenue, indicating a drag on gross margins and patient experience. The company's cash, cash equivalents, and short-term investments decreased to $146.8 million as of June 30, 2026, from $191.4 million at the end of December 2025, with a quarterly cash burn exceeding $21 million.

Show more
Updated on 9/23/2026

Abeona Therapeutics (ABEO) stock has lost about 5% since 5/31/2026 because of the following key factors:

1. Abeona Therapeutics missed financial expectations for fiscal Q2 2026.

The company reported its financial results for the second fiscal quarter of 2026 (which ended June 30, 2026) on August 13, 2026. Net ZEVASKYN® revenue was $11.4 million, falling short of analyst consensus estimates of $12.24 million. Additionally, the net loss widened to $(20.2) million, or $(0.35) per basic and diluted common share, missing the consensus estimate of $(0.23) per share by $0.12. This financial underperformance likely contributed to a decline in investor confidence.

2. Operational challenges with ZEVASKYN® manufacturing impacted revenue recognition and increased cash burn.

During fiscal Q2 2026, while five patients were treated with ZEVASKYN®, revenue was only recognized for four treatments, as one batch yielded fewer than the threshold number of sheets for revenue recognition. This manufacturing inefficiency meant that 20% of treatments in the quarter did not generate revenue, indicating a drag on gross margins and patient experience. The company's cash, cash equivalents, and short-term investments decreased to $146.8 million as of June 30, 2026, from $191.4 million at the end of December 2025, with a quarterly cash burn exceeding $21 million.

3. The projected timeline for achieving cash-flow positivity has been delayed.

Management had previously suggested that treating 3.5 or more patients per month could lead to company-wide profitability as early as June 2026. However, in fiscal Q2 2026, Abeona treated only five patients in total (approximately 1.6 patients per month), and the net loss actually worsened. This suggests that the operational leverage required for profitability is taking longer to materialize than initially anticipated, extending the path to positive cash flow.

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Stock Movement Drivers

Fundamental Drivers

The -6.6% change in ABEO stock from 5/31/2026 to 9/25/2026 was primarily driven by a -46.4% change in the company's P/S Multiple.
(LTM values as of)53120269252026Change
Stock Price ($)5.785.40-6.6%
Change Contribution By: 
Total Revenues ($ Mil)152675.5%
P/S Multiple22.512.1-46.4%
Shares Outstanding (Mil)5757-0.7%
Cumulative Contribution-6.6%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/25/2026
ReturnCorrelation
ABEO-6.6% 
Market (SPY)2.2%29.7%
Sector (XLV)14.7%13.1%

Fundamental Drivers

The 5.5% change in ABEO stock from 2/28/2026 to 9/25/2026 was primarily driven by a 6280.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)22820269252026Change
Stock Price ($)5.125.405.5%
Change Contribution By: 
Total Revenues ($ Mil)0266280.0%
P/S Multiple694.312.1-98.3%
Shares Outstanding (Mil)5457-4.9%
Cumulative Contribution5.5%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/25/2026
ReturnCorrelation
ABEO5.5% 
Market (SPY)13.0%38.9%
Sector (XLV)7.5%20.8%

Fundamental Drivers

The -20.9% change in ABEO stock from 8/31/2025 to 9/25/2026 was primarily driven by a -98.7% change in the company's P/S Multiple.
(LTM values as of)83120259252026Change
Stock Price ($)6.835.40-20.9%
Change Contribution By: 
Total Revenues ($ Mil)0266280.0%
P/S Multiple896.912.1-98.7%
Shares Outstanding (Mil)5357-7.9%
Cumulative Contribution-20.9%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/25/2026
ReturnCorrelation
ABEO-20.9% 
Market (SPY)20.9%34.3%
Sector (XLV)26.4%25.4%

Fundamental Drivers

The 21.9% change in ABEO stock from 8/31/2023 to 9/25/2026 was primarily driven by a 615.2% change in the company's Total Revenues ($ Mil).
(LTM values as of)83120239252026Change
Stock Price ($)4.435.4021.9%
Change Contribution By: 
Total Revenues ($ Mil)426615.2%
P/S Multiple22.412.1-46.0%
Shares Outstanding (Mil)1857-68.4%
Cumulative Contribution21.9%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/25/2026
ReturnCorrelation
ABEO21.9% 
Market (SPY)77.8%18.2%
Sector (XLV)34.7%17.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ABEO Return-79%-63%63%11%-5%3%-86%
Peers Return-19%-0%1%-10%1%-11%-34%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
ABEO Win Rate25%33%58%58%42%56% 
Peers Win Rate43%53%42%43%57%40% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
ABEO Max Drawdown-92%-74%-43%-63%-42%-28% 
Peers Max Drawdown-47%-38%-41%-40%-50%-41% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: KRYS, RARE, BMRN, SRPT, RGNX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/25/2026 (YTD)

How Low Can It Go

EventABEOS&P 500
2025 US Tariff Shock
  % Loss-28.7%-18.8%
  % Gain to Breakeven40.2%23.1%
  Time to Breakeven20 days79 days
2024 Yen Carry Trade Unwind
  % Loss-11.4%-7.8%
  % Gain to Breakeven12.9%8.5%
  Time to Breakeven8 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-14.9%-9.5%
  % Gain to Breakeven17.4%10.5%
  Time to Breakeven9 days24 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-26.0%-3.7%
  % Gain to Breakeven35.1%3.9%
  Time to Breakeven16 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-61.2%-12.2%
  % Gain to Breakeven157.6%13.9%
  Time to Breakeven203 days62 days
2014-2016 Oil Price Collapse
  % Loss-86.0%-6.8%
  % Gain to Breakeven614.3%7.3%
  Time to Breakeven582 days15 days

Compare to KRYS, RARE, BMRN, SRPT, RGNX

In The Past

Abeona Therapeutics's stock fell -28.7% during the 2025 US Tariff Shock. Such a loss loss requires a 40.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventABEOS&P 500
2025 US Tariff Shock
  % Loss-28.7%-18.8%
  % Gain to Breakeven40.2%23.1%
  Time to Breakeven20 days79 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-26.0%-3.7%
  % Gain to Breakeven35.1%3.9%
  Time to Breakeven16 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-61.2%-12.2%
  % Gain to Breakeven157.6%13.9%
  Time to Breakeven203 days62 days
2014-2016 Oil Price Collapse
  % Loss-86.0%-6.8%
  % Gain to Breakeven614.3%7.3%
  Time to Breakeven582 days15 days
2013 Taper Tantrum
  % Loss-52.1%-0.2%
  % Gain to Breakeven108.7%0.2%
  Time to Breakeven82 days1 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-33.6%-15.4%
  % Gain to Breakeven50.6%18.2%
  Time to Breakeven78 days125 days
2008-2009 Global Financial Crisis
  % Loss-78.6%-53.4%
  % Gain to Breakeven367.5%114.4%
  Time to Breakeven185 days1085 days

Compare to KRYS, RARE, BMRN, SRPT, RGNX

In The Past

Abeona Therapeutics's stock fell -28.7% during the 2025 US Tariff Shock. Such a loss loss requires a 40.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Abeona Therapeutics (ABEO)

Abeona Therapeutics Inc. (NASDAQ: ABEO) is a clinical-stage biopharmaceutical company dedicated to developing innovative gene and cell therapies. The company focuses on addressing life-threatening rare genetic diseases that currently have limited or no effective treatments. By leveraging advanced biotechnologies, Abeona aims to provide transformative therapeutic options for patients with significant unmet medical needs.

The company's lead program is EB-101, an autologous, gene-corrected cell therapy that has advanced to Phase III clinical trials for recessive dystrophic epidermolysis bullosa, a severe and debilitating skin condition. Beyond this flagship product, Abeona boasts a robust pipeline of adeno-associated virus (AAV)-based gene therapies. These include ABO-102 for Sanfilippo syndrome type A, ABO-201 for CLN3 disease, ABO-401 for cystic fibrosis, and ABO-50X for various genetic eye disorders.

Abeona Therapeutics further underpins its development efforts with its proprietary AIM vector platform, which is utilized for creating novel AAV-based gene therapies. The company's primary customers are patients afflicted with these rare and often devastating genetic diseases, operating within the specialized and high-demand market segment of rare disease therapeutics where targeted, gene-based interventions hold significant promise.

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  • Like bluebird bio, but focused on gene and cell therapies for a different portfolio of rare genetic diseases.
  • Like a clinical-stage Sarepta Therapeutics, developing gene therapies for a distinct set of rare genetic conditions.

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  • EB-101: A gene-corrected cell therapy in Phase III clinical trial for recessive dystrophic epidermolysis bullosa.
  • ABO-102: An AAV-based gene therapy for Sanfilippo syndrome type A.
  • ABO-201: A gene therapy in development to treat CLN3 disease.
  • ABO-401: A gene therapy in development for the treatment of cystic fibrosis.
  • ABO-50X: A gene therapy in development for the treatment of genetic eye disorders.
  • AIM vector platform programs: Initiatives for developing AAV-based gene therapies utilizing its proprietary vector platform.

AI Analysis | Feedback

Abeona Therapeutics Inc. (ABEO) is a clinical-stage biopharmaceutical company focused on developing gene and cell therapies for life-threatening rare genetic diseases. As of the provided information, the company's lead programs are in various stages of clinical trials (e.g., Phase III for EB-101) and are not yet approved for commercial sale.

Therefore, Abeona Therapeutics currently does not have major commercial customers for its products, and specific customer companies cannot be listed.

However, once its therapies receive regulatory approval and are commercialized, the company would primarily sell its highly specialized treatments to institutional customers within the healthcare system. These customer categories would typically include:

  • Hospitals and Specialized Treatment Centers: Medical facilities equipped to administer complex gene and cell therapies to patients suffering from rare genetic diseases.
  • Healthcare Distributors and Wholesalers: Companies that manage the logistics and distribution of pharmaceutical products from manufacturers to healthcare providers.
  • Government Health Agencies and Large Insurance Providers: Entities, such as national health services or large insurance organizations, that may directly purchase or manage the procurement of high-cost specialized therapies for their covered populations.

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Vishwas Seshadri, Ph.D., M.B.A. Chief Executive Officer, Director

Dr. Vishwas Seshadri joined Abeona in June 2021 as Head of Research & Clinical Development and was appointed President and Chief Executive Officer, and a member of the Company's Board of Directors, in October 2021. He brings over 20 years of experience in academia and various senior and executive leadership roles in the life sciences industry, overseeing product development, regulatory submissions, and commercialization for novel therapies, including personalized, autologous cell and gene therapies. Prior to Abeona, he served in roles of increasing responsibility at Celgene Corporation, a subsidiary of Bristol-Myers Squibb Company (BMS), where he focused on the development and commercialization of novel therapies in hematology and oncology, and notably led the team responsible for the launch of Breyanzi® (lisocabtagene maraleucel). He previously held the position of Head of Early-Stage Upstream Process Development for Biologics at Dr. Reddy's Laboratories. Dr. Seshadri holds a Ph.D. in Microbiology, Immunology & Molecular Biology and completed his post-doc in epigenetics at the University of Arizona. He also earned an M.B.A. in Finance and Healthcare from the Wharton School of the University of Pennsylvania.

Joseph Vazzano Chief Financial Officer

Joseph Vazzano joined Abeona as Chief Financial Officer in March 2022. Before joining Abeona, Mr. Vazzano served as Chief Financial Officer of Avenue Therapeutics, Inc. (Nasdaq: ATXI) from February 2019 to January 2022. Prior to that, he was Avenue's Vice President of Finance and Corporate Controller since August 2017. During his tenure at Avenue, Mr. Vazzano secured multiple equity financings and played a leadership role in signing a complex, two-stage acquisition for Avenue, which included future contingent value rights.

Mohamad Tabrizi, M.S., M.B.A. Chief Business Officer

Mr. Mohamad Tabrizi is an experienced executive, venture capitalist, and former investment banker with a 30-year career that combines scientific expertise with significant financial and corporate leadership. As a General Partner and Managing Director at Pandect Bioventures and Berkley Catalyst Fund, he was instrumental in the firms' investment activities and portfolio management, and also took on operational roles such as CEO for Azkarra Therapeutics and Interim CFO for Circle Pharma. His strategic financial insights were developed early in his career as SVP & CFO for ShangPharma Venture Innovation Center, where he contributed to completing 15 transactions and fostering valuable research collaborations. He also held executive corporate development roles at Nektar Therapeutics and Depomed, focusing on transactions including licensing, M&A, and royalty monetization. Mr. Tabrizi holds an M.B.A. from Cornell University, an M.S. in Biological Sciences from Stanford University, and a B.S. in Genetics from the University of California Davis.

Brian Kevany, Ph.D. Chief Technical Officer & Chief Scientific Officer

Dr. Brian Kevany joined Abeona at the beginning of 2018 as a scientist in the product development department, bringing over 15 years of molecular biology and biochemistry research training. Prior to his time at Abeona, he managed a small biotechnology startup company that specialized in utilizing next-generation sequencing for high-throughput genotyping in both medical and agricultural applications.

Brendan O'Malley, J.D., Ph.D. General Counsel

Brendan O'Malley serves as the General Counsel for Abeona Therapeutics.

AI Analysis | Feedback

Here are the key risks to Abeona Therapeutics (ABEO):

  1. Commercialization, Manufacturing, and Market Adoption Challenges for Zevaskyn: Despite the FDA approval of its lead product, Zevaskyn (EB-101, also referred to as PZIFERDEX), Abeona Therapeutics faces significant hurdles in successfully bringing this gene therapy to market. These include challenges in manufacturing scale-up while maintaining quality, as evidenced by a temporary facility shutdown mentioned in recent reports. The company must also navigate complex and systematic payer coverage across various insurers and Medicaid, along with the operational complexities of patient identification and coordinating a 3-4 month treatment cycle. Furthermore, as a curative therapy for a rare disease, Zevaskyn's market size is inherently limited, and it faces competition from existing and future gene therapy approaches. Slow adoption rates in key markets and difficulties in realizing its potential value outside the U.S. also pose commercialization risks.
  2. Financial Distress and Funding Risk: Abeona Therapeutics' financial health presents a notable risk. The company's Altman Z-Score indicates it is in the distress zone, implying a potential risk of bankruptcy within the next two years. While the company has reported strong liquidity in some aspects, its P/S ratio is significantly high, reflecting current revenue challenges. As a clinical-stage biopharmaceutical company with a costly research and development pipeline, there is a continuous need for substantial capital, and the possibility of requiring additional dilutive financing if cash burn outpaces revenue growth is a significant concern for investors.
  3. Clinical Development and Gene Therapy-Specific Risks for Pipeline Assets: While Zevaskyn is approved, Abeona Therapeutics continues to develop other gene therapies such as ABO-102, ABO-201, ABO-401, and ABO-50X for various rare genetic diseases. These pipeline assets are subject to the inherent risks of failure in clinical trials, which for new drug candidates can be as high as 90% even after entering Phase I. Gene and cell therapies, in particular, carry unique risks including potential immune responses, vector-related complications, challenges in precise cell targeting, and uncertainties regarding long-term safety and efficacy. Any negative results or setbacks in these earlier-stage pipeline programs could significantly impact the company's future prospects and valuation.

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Abeona Therapeutics Inc. (ABEO) develops gene and cell therapies for life-threatening rare genetic diseases. The addressable markets for its main products or services are as follows:

  • EB-101 for recessive dystrophic epidermolysis bullosa (RDEB): The market for Dystrophic Epidermolysis Bullosa (DEB) across the top seven major markets (US, EU4, UK, and Japan) was valued at approximately USD 589.9 million in 2024 and is projected to reach USD 2,128.8 million by 2035. The total Epidermolysis Bullosa market size in these seven major markets was approximately USD 1.7 billion in 2023. RDEB is considered the most critical type of Epidermolysis Bullosa and accounted for over 30% of prevalent cases in 2023. The United States alone represented the largest market size for DEB, at approximately USD 400 million in 2023.
  • ABO-102 for Sanfilippo syndrome type A (MPS IIIA): The global market size for Mucopolysaccharidosis type IIIA (MPS IIIA) treatment was valued at US$ 242.6 million in 2024 and is expected to reach US$ 339.1 million by 2031. North America is expected to lead this market. Another estimate indicates the 7 major Sanfilippo Syndrome markets reached a value of USD 1.8 billion in 2024 and are expected to reach USD 2.7 billion by 2035. The global Sanfilippo syndrome market size is also projected to grow to $15.02 billion in 2030.
  • ABO-201 to treat CLN3 disease (Batten disease): The global Batten Disease Treatment market size was approximately USD 40.2 million in 2023 and is predicted to grow to around USD 65.2 million by 2032. Another report estimates the global batten disease treatment market size to grow from USD 0.43 billion in 2023 to USD 0.72 billion by 2033. North America is expected to dominate this market, followed by Europe.
  • ABO-401 for the treatment of cystic fibrosis (CF): The global cystic fibrosis therapeutics market size was valued at USD 11.81 billion in 2025 and is projected to reach around USD 44.72 billion by 2035. Another estimate indicates the global cystic fibrosis market was valued at USD 10.36 billion in 2023 and is expected to reach USD 56.72 billion by 2032. North America dominated the market in 2024.
  • ABO-50X for the treatment of genetic eye disorders: The global inherited retinal disease market size was estimated at $11.56 billion in 2024 and is projected to reach $17.42 billion by 2029. The inherited retinal diseases treatment market is projected to grow from USD 12.6 billion in 2025 to USD 28.4 billion by 2035. North America was the largest regional market in 2024.

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Expected drivers of future revenue growth for Abeona Therapeutics (ABEO) over the next 2-3 years include:

  1. Commercial Launch and Ramping Sales of ZEVASKYN (EB-101): Abeona Therapeutics received FDA approval for pz-cel (EB-101), now marketed as ZEVASKYN, in April 2025 for the treatment of recessive dystrophic epidermolysis bullosa (RDEB). The company anticipates ZEVASKYN to be available at qualified treatment centers in the third quarter of 2025. Abeona is actively scaling the launch to meet strong and growing patient demand and remains committed to its 2026 launch goals for this gene-corrected cell therapy. This direct commercialization of its lead product is expected to be the most significant immediate revenue driver.
  2. Expansion of ZEVASKYN's Market Access and Treatment Network: The company has established broad market access for ZEVASKYN, securing positive coverage decisions from major commercial payers and all 51 state Medicaid programs. The permanent CMS J-code for ZEVASKYN, which became effective in January 2026, is expected to further enhance payer coverage and facilitate broader adoption. Abeona is also strategically expanding its network of qualified treatment centers to increase patient reach and access to the therapy.
  3. Potential Future Milestone and Royalty Payments from Licensed Assets: Although Abeona no longer directly develops ABO-102 for Sanfilippo syndrome type A, it licensed the global rights to Ultragenyx Pharmaceutical Inc. in May 2022. Under this agreement, Abeona is eligible to receive tiered royalties of up to 10% on net sales and commercial milestone payments following ABO-102's regulatory approval. The successful development and eventual commercialization of ABO-102 by Ultragenyx could provide a recurring revenue stream for Abeona.
  4. Advancement of Gene Therapy Pipeline, notably ABO-503: Abeona continues to progress its pipeline of gene therapies for other rare genetic diseases. Notably, the gene therapy program for X-linked retinoschisis, ABO-503, has been selected for the FDA Rare Disease Endpoint Advancement pilot program. This selection could potentially accelerate its development and bring it closer to potential regulatory approval and commercialization, representing an additional driver of revenue growth in the medium to long term.
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Share Issuance

  • Abeona Therapeutics raised approximately $17.5 million in aggregate gross proceeds from an underwritten public offering of common stock in December 2021.
  • In November 2022, the company completed a private placement financing, generating approximately $35 million in gross proceeds from the sale of common stock, pre-funded warrants, and accompanying warrants.
  • From late 2025 into early 2026, Abeona granted inducement equity awards, consisting of restricted stock awards, to new non-executive employees. For example, 28,676 restricted shares were granted on January 31, 2026, 79,584 restricted shares on December 30, 2025, and 45,685 restricted shares on November 30, 2025.

Inbound Investments

  • Abeona Therapeutics completed the sale of its Rare Pediatric Disease Priority Review Voucher (PRV) for $155 million on June 27, 2025, following the FDA approval of ZEVASKYN™.
  • Strategic collaborations, such as the partnership with Ultragenyx for UX-111, could generate up to $30 million in milestone payments over time, along with ongoing royalties.
  • The company is also partnered with Taysha Gene Therapies on programs TSHA-102 and TSHA-118, which are expected to generate a combination of clinical, regulatory, and sales-based milestones and royalties.

Capital Expenditures

  • Abeona operates a dedicated cGMP facility in Cleveland for patient-specific gene therapy production, with a current capacity of six patients per month and planned expansion to ten patients monthly in 2026.
  • Research and development (R&D) spending for Q3 2025 was $4.2 million, with some costs being capitalized into inventory and reclassified to selling, general, and administrative (SG&A) expenses following FDA approval of ZEVASKYN.

Peer Outperformance in Biotechnology

ABEO has trailed 51% of its 374 Biotechnology peers over 5Y. Biotechnology ranks 10th of 10 industries in Health Care by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Biotechnology constituents that ABEO has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
53%
of 467 industry peers · 0.7% return
3Y
66%
of 415 industry peers · 34.3% return
5Y
49%
of 374 industry peers · -81.7% return
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Median price return by industry across the Health Care sector, ranked by 5Y. Biotechnology is ABEO's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 6 10.8%42.7%87.6% CAH 380% · MCK 337% · COR 165%
Managed Health Care 8 34.8%-9.4%3.1% OSCR 74% · HQY 34% · ELV 12%
Health Care Services 20 21.2%37.1%0.2% HIMS 263% · RDNT 142% · DGX 70%
Health Care Facilities 24 4.5%14.6%-0.9% NHC 275% · THC 264% · ENSG 135%
Health Care Equipment 50 -1.7%-1.1%-19.3% POCI 11475% · UFPT 375% · GKOS 205%
Health Care Supplies 12 29.6%-7.7%-38.4% LNTH 270% · HAE 52% · MMSI 21%
Pharmaceuticals 62 -8.9%7.3%-41.9% LQDA 2284% · INDV 1094% · ETON 1051%
Life Sciences Tools & Services 113 1.3%-10.1%-67.2% SNWV 1957% · NTRA 249% · MEDP 212%
Health Care Technology 21 -32.6%-53.0%-78.2% SPOK 72% · HSTM 2% · VEEV -6%
Biotechnology ← 375 -8.7%-23.0%-79.7% CELZ 1371% · DNTH 1085% · ELVN 965%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ABEOKRYSRAREBMRNSRPTRGNXMedian
NameAbeona T.Krystal .Ultragen.BioMarin.Sarepta .Regenxbio 
Mkt Price5.40345.8214.5060.2618.677.4016.59
Mkt Cap0.310.21.511.72.00.41.7
Rev LTM264407173,4071,974174579
Op Inc LTM-84198-528149-62-164-73
FCF LTM-82258-49472575-250-3
FCF 3Y Avg-66140-476543-302-178-122
CFO LTM-76272-485857111-24717
CFO 3Y Avg-62150-459651-195-175-118

Growth & Margins

ABEOKRYSRAREBMRNSRPTRGNXMedian
NameAbeona T.Krystal .Ultragen.BioMarin.Sarepta .Regenxbio 
Rev Chg LTM6,280.0%22.6%17.5%11.2%-20.4%12.0%14.8%
Rev Chg 3Y Avg--21.3%15.1%31.5%26.3%23.8%
Rev Chg Q2,745.0%24.1%28.1%19.9%-34.3%405.7%26.1%
QoQ Delta Rev Chg LTM75.5%5.6%7.0%5.1%-9.6%98.7%6.3%
Op Inc Chg LTM-12.2%30.1%-4.5%-80.8%-6,578.0%0.3%-8.4%
Op Inc Chg 3Y Avg-23.2%1,235.7%7.3%80.3%-2,191.0%13.8%10.6%
Op Mgn LTM-327.6%44.9%-73.6%4.4%-3.2%-94.1%-38.4%
Op Mgn 3Y Avg-29.9%-90.2%13.8%-0.2%-158.9%-0.2%
QoQ Delta Op Mgn LTM310.3%2.1%10.1%-5.3%-3.2%198.2%6.1%
CFO/Rev LTM-299.5%61.8%-67.6%25.2%5.6%-141.4%-31.0%
CFO/Rev 3Y Avg-35.4%-78.1%21.0%-10.9%-137.5%-10.9%
FCF/Rev LTM-319.5%58.5%-68.9%21.3%3.8%-143.1%-32.5%
FCF/Rev 3Y Avg-32.2%-81.3%17.4%-16.5%-140.0%-16.5%

Valuation

ABEOKRYSRAREBMRNSRPTRGNXMedian
NameAbeona T.Krystal .Ultragen.BioMarin.Sarepta .Regenxbio 
Mkt Cap0.310.21.511.72.00.41.7
P/S12.123.22.13.41.02.22.8
P/Op Inc-3.751.6-2.878.1-31.6-2.4-2.6
P/EBIT-4.151.6-2.950.1-33.2-2.5-2.7
P/E-4.942.3-2.5159.7-14.4-2.0-2.3
P/CFO-4.037.5-3.013.617.7-1.66.0
Total Yield-20.4%2.4%-39.7%0.6%-6.9%-50.3%-13.7%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-24.3%2.2%-13.6%4.8%-8.9%-31.3%-11.2%
D/E0.10.00.00.40.50.20.1
Net D/E-0.4-0.1-0.20.30.1-0.1-0.1

Returns

ABEOKRYSRAREBMRNSRPTRGNXMedian
NameAbeona T.Krystal .Ultragen.BioMarin.Sarepta .Regenxbio 
1M Rtn-10.1%-3.9%-45.2%-8.2%-4.1%-21.1%-9.2%
3M Rtn-3.7%-7.1%-52.9%2.1%10.8%-29.4%-5.4%
6M Rtn25.9%40.9%-25.2%11.3%-6.5%-4.6%3.3%
12M Rtn0.7%114.6%-47.9%14.5%5.4%-20.9%3.1%
3Y Rtn34.3%199.8%-61.2%-31.6%-84.4%-56.9%-44.2%
1M Excs Rtn-11.0%-4.8%-46.0%-9.0%-4.9%-22.0%-10.0%
3M Excs Rtn-9.0%-12.4%-58.2%-3.2%5.5%-34.7%-10.7%
6M Excs Rtn5.2%18.0%-47.0%-11.1%-33.4%-30.0%-20.5%
12M Excs Rtn-19.4%96.8%-66.2%-4.6%-14.4%-39.1%-16.9%
3Y Excs Rtn-33.8%120.1%-135.8%-107.7%-160.1%-133.8%-120.7%

Comparison Analyses

null

FDA Approved Drugs Data

Expand for More
FDA-Licensed Biologics (CBER · Purple Book)
Post-Approval Fwd Returns
FDA
BLA #
Brand
Name
Generic
Name
License
Type
First
Approval
Latest
Approval
3M
Rtn
6M
Rtn
1Y
Rtn
2Y
Rtn
Total
Rtn
125807  Zevaskynprademagene zamikeracel351(a)4/28/20254/28/202523.7%3.6%0.2%0.9%0.9%
Collapse to Preview
FDA-Licensed Biologics (CBER · Purple Book)
Post-Approval Fwd Returns
FDA
BLA #
Brand
Name
Generic
Name
License
Type
First
Approval
Latest
Approval
3M
Rtn
6M
Rtn
1Y
Rtn
2Y
Rtn
Total
Rtn
125807  Zevaskynprademagene zamikeracel351(a)4/28/20254/28/202523.7%3.6%0.2%0.9%0.9%

Clinical Pipeline

Drug CandidateIndicationPhase 3 TrialsEst. Primary Completion
EB-101Recessive Dystrophic Epidermolysis Bullosa1Sep 2025
Active Phase 3 studies led by the company. Source: ClinicalTrials.gov · Updated 8/28/2026

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Commercial-stage biopharmaceutical company developing cell and gene therapies for life-threatening60413
Total60413


Net Income by Segment
$ Mil202520242023
Commercial-stage biopharmaceutical company developing cell and gene therapies for life-threatening71-64-54
Total71-64-54


Assets by Segment
$ Mil2019
Single Segment223
Total223


Price Behavior

Price Behavior
Market Price$5.40 
Market Cap ($ Bil)0.3 
First Trading Date09/19/1980 
Distance from 52W High-27.6% 
   50 Days200 Days
DMA Price$6.14$5.56
DMA Trendupdown
Distance from DMA-12.0%-2.8%
 3M1YR
Volatility57.5%53.0%
Downside Capture109.57162.01
Upside Capture61.37132.03
Correlation (SPY)20.5%36.8%
ABEO Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta1.100.601.131.431.430.81
Up Beta2.482.752.452.022.110.71
Down Beta0.47-1.190.810.800.920.62
Up Capture-48%-1%73%150%116%68%
Bmk +ve Days10213268138427
Stock +ve Days9202955114351
Down Capture162%34%76%133%136%99%
Bmk -ve Days11213259113324
Stock -ve Days12223369129378

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ABEO
ABEO-2.7%53.0%0.13-
Sector ETF (XLV)26.9%16.2%1.2823.5%
Equity (SPY)17.7%13.0%0.9836.7%
Gold (GLD)14.7%29.3%0.4620.5%
Commodities (DBC)46.8%20.7%1.75-8.2%
Real Estate (VNQ)4.5%13.6%0.0713.2%
Bitcoin (BTCUSD)-25.5%44.8%-0.5317.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ABEO
ABEO-28.8%78.6%-0.06-
Sector ETF (XLV)6.8%15.2%0.2616.8%
Equity (SPY)13.3%17.2%0.5920.1%
Gold (GLD)19.2%18.8%0.835.5%
Commodities (DBC)11.2%19.5%0.455.1%
Real Estate (VNQ)0.9%18.9%-0.0615.3%
Bitcoin (BTCUSD)12.3%52.6%0.4112.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ABEO
ABEO-26.8%90.1%0.07-
Sector ETF (XLV)10.9%16.7%0.5321.3%
Equity (SPY)15.5%17.9%0.7322.1%
Gold (GLD)12.1%16.4%0.614.2%
Commodities (DBC)8.7%18.1%0.399.0%
Real Estate (VNQ)4.8%20.7%0.1915.2%
Bitcoin (BTCUSD)63.9%66.2%1.048.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity15.7 Mil
Short Interest: % Change Since 83120263.9%
Average Daily Volume1.3 Mil
Days-to-Cover Short Interest12.0 days
Basic Shares Quantity57.0 Mil
Short % of Basic Shares27.6%

Earnings Returns History

Updated 9/16/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/13/2026-14.9%-17.8%-27.4%
5/13/20260.5%-9.9%-2.6%
3/17/2026-3.8%-10.7%9.1%
11/12/202518.5%7.4%28.5%
8/14/202510.2%6.7%-2.0%
5/15/20257.4%19.7%14.3%
3/20/2025-1.2%-4.0%-6.9%
11/14/2024-2.5%-5.7%-3.4%
...
SUMMARY STATS   
# Positive131212
# Negative91010
Median Positive10.0%7.7%14.4%
Median Negative-4.3%-8.9%-8.0%
Max Positive18.5%20.6%36.4%
Max Negative-19.0%-17.8%-42.7%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/13/2026-14.9%-17.8%-27.4%
5/13/20260.5%-9.9%-2.6%
3/17/2026-3.8%-10.7%9.1%
11/12/202518.5%7.4%28.5%
8/14/202510.2%6.7%-2.0%
5/15/20257.4%19.7%14.3%
3/20/2025-1.2%-4.0%-6.9%
11/14/2024-2.5%-5.7%-3.4%
8/12/202412.0%13.1%25.8%
5/15/202412.1%2.6%9.3%
3/18/2024-19.0%-11.8%-10.1%
11/13/202310.0%2.4%14.4%
8/8/20230.0%4.7%35.6%
5/11/2023-7.2%-7.5%32.8%
11/14/2022-5.5%-8.0%-31.7%
8/11/202212.0%10.6%-5.8%
5/13/20223.1%7.9%1.5%
11/15/2021-4.3%-14.6%-42.7%
7/28/2021-3.1%-5.5%0.8%
5/26/202110.7%18.1%13.4%
3/24/20215.6%5.6%-9.0%
11/9/20207.5%20.6%36.4%
SUMMARY STATS   
# Positive131212
# Negative91010
Median Positive10.0%7.7%14.4%
Median Negative-4.3%-8.9%-8.0%
Max Positive18.5%20.6%36.4%
Max Negative-19.0%-17.8%-42.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/13/202610-Q
12/31/202503/17/202610-K
09/30/202511/12/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202403/20/202510-K
09/30/202411/14/202410-Q
06/30/202408/12/202410-Q
03/31/202405/15/202410-Q
12/31/202303/18/202410-K
09/30/202311/13/202310-Q
06/30/202308/08/202310-Q
03/31/202305/11/202310-Q
12/31/202203/29/202310-K
09/30/202211/14/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/13/202610-Q
12/31/202503/17/202610-K
09/30/202511/12/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202403/20/202510-K
09/30/202411/14/202410-Q
06/30/202408/12/202410-Q
03/31/202405/15/202410-Q
12/31/202303/18/202410-K
09/30/202311/13/202310-Q
06/30/202308/08/202310-Q
03/31/202305/11/202310-Q
12/31/202203/29/202310-K
09/30/202211/14/202210-Q
06/30/202208/11/202210-Q
03/31/202205/13/202210-Q
12/31/202103/31/202210-K
09/30/202111/15/202110-Q
06/30/202107/28/202110-Q
03/31/202105/17/202110-Q
12/31/202003/24/202110-K
09/30/202011/09/202010-Q
06/30/202008/10/202010-Q
03/31/202005/06/202010-Q
12/31/201903/16/202010-K
09/30/201911/12/201910-Q

Insider Activity

Updated 9/1/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Alvino, MarkDirectSell90120265.8615,00087,966363,974Form
2Vazzano, Joseph WalterChief Financial OfficerDirectSell72220266.531,4789,6513,213,276Form
3Vazzano, Joseph WalterChief Financial OfficerDirectSell70920266.9624,880173,2573,436,983Form
4Seshadri, VishwasChief Executive OfficerDirectSell70920266.9667,971473,3309,095,344Form
5O'Malley, Brendan MSVP, Chief Legal OfficerDirectSell70920266.9612,05083,9132,980,136Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Alvino, MarkDirectSell90120265.8615,00087,966363,974Form
2Vazzano, Joseph WalterChief Financial OfficerDirectSell72220266.531,4789,6513,213,276Form
3Vazzano, Joseph WalterChief Financial OfficerDirectSell70920266.9624,880173,2573,436,983Form
4Seshadri, VishwasChief Executive OfficerDirectSell70920266.9667,971473,3309,095,344Form
5O'Malley, Brendan MSVP, Chief Legal OfficerDirectSell70920266.9612,05083,9132,980,136Form
6Vasanthavada, MadhavChief Commercial OfficerDirectSell70920266.9612,60687,7842,023,811Form
7Alland, LeilaDirectSell70220265.9211,00065,087962,187Form
8Silverstein, Christine BerniDirectSell61520265.7118,160103,695682,711Form
9O'Malley, Brendan MSVP, Chief Legal OfficerDirectSell60920265.306,30533,4432,333,864Form
10Vazzano, Joseph WalterChief Financial OfficerDirectSell60920265.3639,067209,4762,779,843Form
11Vasanthavada, MadhavChief Commercial OfficerDirectSell60920265.305,45028,9081,609,565Form
12Seshadri, VishwasChief Executive OfficerDirectSell60920265.3031,916169,2897,288,390Form
13O'Malley, Brendan MSVP, Chief Legal OfficerDirectSell60920265.434,82626,2032,423,229Form
14Vazzano, Joseph WalterChief Financial OfficerDirectSell60920265.4310,27155,7663,026,968Form
15Vasanthavada, MadhavChief Commercial OfficerDirectSell60920265.434,17022,6411,677,178Form
16Seshadri, VishwasChief Executive OfficerDirectSell60920265.4324,428132,6327,633,850Form
17Alvino, MarkDirectSell52220265.466,50035,463423,179Form
18Crombez, EricDirectSell51520265.5326,143144,636206,434Form
19Vasanthavada, MadhavChief Commercial OfficerDirectSell51120265.965,54833,0731,866,310Form
20Seshadri, VishwasChief Executive OfficerDirectSell33120264.3829,985131,4816,272,262Form
21Vazzano, Joseph WalterChief Financial OfficerDirectSell31620264.767853,7372,702,609Form
22Wuchterl, Donald ADirectSell20220265.0914,81475,412854,890Form
23Crombez, EricDirectSell20220265.0916,28482,895323,029Form
24Alland, LeilaDirectSell20220265.0918,06591,962883,799Form
25Alvino, MarkDirectSell20220265.092,00010,181427,941Form
26Silverstein, Christine BerniDirectSell20220265.0920,070102,168701,088Form
27Vasanthavada, MadhavChief Commercial OfficerDirectSell12620265.2912,61066,6581,684,252Form
28Vazzano, Joseph WalterChief Financial OfficerDirectSell12220265.3318,66699,5073,030,937Form
29Seshadri, VishwasChief Executive OfficerDirectSell12220265.3369,832372,2677,785,289Form
30O'Malley, Brendan MSVP, Chief Legal OfficerDirectSell12220265.3313,57872,3832,404,950Form
31Alvino, MarkDirectSell12120265.2313,50070,574254,861Form
32Seshadri, VishwasChief Executive OfficerDirectSell122920255.3125,000132,7406,184,718Form
33Alvino, MarkDirectSell111420254.7415,00071,168295,355Form
34Seshadri, VishwasChief Executive OfficerDirectSell101620255.492491,3666,526,152Form
35Seshadri, VishwasChief Executive OfficerDirectSell100120255.2425,000130,9306,232,619Form
36O'Malley, Brendan MSVP, Chief Legal OfficerDirectSell100120255.399,36650,5161,891,840Form
37Seshadri, VishwasChief Executive OfficerDirectSell100120255.3919,274103,9546,553,464Form
38Vazzano, Joseph WalterChief Financial OfficerDirectSell100120255.399,03548,7302,446,659Form
39O'Malley, Brendan MSVP, Chief Legal OfficerDirectSell92220255.436883,7361,955,500Form
Core Cache Last Updated: 9/25/2026