Abeona Therapeutics Expands Team with New Equity Grants

Abeona Therapeutics Enhances Workforce with New Grants

Abeona Therapeutics Inc. (NASDAQ: ABEO) has recently taken a significant step to bolster its team by announcing equity awards to new non-executive employees. This strategic move is designed to attract and retain talent within the company as they navigate the dynamic landscape of biopharmaceuticals.

Details of the Equity Awards

On a recent date, the Compensation Committee of Abeona's Board of Directors approved the granting of restricted stock equity awards to six newly hired individuals. These equity awards are essential as they serve as a material inducement to employment for these employees, reflecting Abeona's commitment to investing in its workforce.

The total number of restricted shares granted amounts to approximately 23,700, indicating a robust investment in human capital. The vesting schedule for these equity awards states that one-third of the shares will vest annually on each anniversary of the Grant Date. By the third anniversary of the Grant Date, each employee will have fully vested in their allotted shares, contingent upon their continued employment with Abeona. This approach not only incentivizes performance but also promotes long-term commitment to the organization.

About Abeona Therapeutics

Abeona Therapeutics Inc. is a clinical-stage biopharmaceutical entity focused on developing innovative cell and gene therapies for critical diseases. One of its groundbreaking projects is Prademagene zamikeracel (pz-cel), an investigational treatment aimed at improving outcomes for individuals suffering from recessive dystrophic epidermolysis bullosa (RDEB). This exciting therapy promises new hope for patients affected by this severe genetic skin disorder.

Abeona has established a fully integrated cell and gene therapy cGMP manufacturing facility, which serves as the production site for pz-cel used in its Phase 3 VIITAL™ trial. This facility will also support commercial production of pz-cel once it receives the necessary FDA approvals. In addition to pz-cel, Abeona's portfolio includes AAV-based gene therapies targeting ophthalmic diseases, addressing areas of high unmet medical need with next-generation AAV capsids designed to enhance therapeutic delivery.

A Commitment to Innovation and Growth

The recent grants of equity awards highlight Abeona Therapeutics' commitment to innovation and expanding its capabilities in the biopharmaceutical sector. By attracting skilled professionals, the company positions itself for success in advancing the development and commercialization of its cutting-edge therapies.

Abeona's ongoing efforts reflect not only a dedication to its employees but also a drive to make significant contributions to medical science. As they continue to push forward with their research and development initiatives, the potential impact of their work on patients' lives remains substantial.

Investor Relations and Media Inquiries

For any inquiries regarding investor relations or media contact, Greg Gin, VP of Investor Relations and Corporate Communications at Abeona Therapeutics, is available. You can reach out via email for further engagement.

Frequently Asked Questions

What recent equity grants did Abeona announce?

Abeona Therapeutics announced the granting of equity awards to six new non-executive employees as a material inducement to employment.

How many shares were granted in the equity awards?

The equity awards amounted to approximately 23,700 restricted shares of Abeona common stock.

What is the vesting schedule for these awards?

One-third of the awarded shares will vest yearly on each anniversary of the grant date.

What is pz-cel, and what does it treat?

Prademagene zamikeracel (pz-cel) is an investigational treatment for recessive dystrophic epidermolysis bullosa (RDEB).

How can I contact Abeona for more information?

For investor relations, you can contact Greg Gin at Abeona Therapeutics via their investor email for further inquiries.

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