Full Press Release Details
Abeona Announces Closing of $92 Million Underwritten
Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares
NY and CLEVELAND, OH - October 19, 2017 -- Abeona
Therapeutics Inc. (Nasdaq:ABEO), a leading clinical-stage biopharmaceutical company
focused on developing novel gene and cell therapies for life-threatening rare diseases, today
announced the closing of its underwritten public offering with a gross offering size
of approximately $92 million, which includes the full exercise of the underwriters' option to purchase 750,000 additional
shares, at the public offering price of $16.00 per share.
Jefferies LLC acted as lead book-running
manager for the offering and RBC Capital Markets as joint book runner. Cantor Fitzgerald & Co. acted as lead manager.
FBR Capital Markets & Co., H.C. Wainwright & Co., JonesTrading Institutional Services LLC and Maxim Group LLC were
co-managers for the offering.
The securities described above were offered
pursuant to a shelf registration statement on Form S-3 (File No. 333-205128) that was filed with the Securities and Exchange
Commission (the "SEC") on June 22, 2015 and that was declared effective by the SEC on July
23, 2015. The offering will be made only by means of the written prospectus and prospectus supplement that form a part of the
registration statement. The preliminary prospectus supplement and the accompanying prospectus supplement that form a part of the
registration statement has been filed with the SEC and is available on the SEC's website at www.sec.gov.
Copies of the preliminary prospectus supplement and the accompanying prospectus may also be obtained by request at Jefferies, Attention
Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, via telephone at (877)
821-7388, or email at: Prospectus_Department@Jefferies.com.
described above have not been qualified under any state blue sky laws. This press release does not constitute an offer to sell
or the solicitation of offers to buy any securities of Abeona being offered, and shall not constitute an offer, solicitation or
sale of any security in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or jurisdiction.
About Abeona: Abeona Therapeutics Inc.
is a clinical-stage biopharmaceutical company developing gene therapies for life-threatening rare genetic diseases. Abeona's lead
programs include ABO-102 (AAV-SGSH), an adeno-associated virus (AAV) based gene therapy for Sanfilippo syndrome type A (MPS IIIA)
and EB-101 (gene-corrected skin grafts) for recessive dystrophic epidermolysis bullosa (RDEB). Abeona is also developing ABO-101
(AAV-NAGLU) for Sanfilippo syndrome type B (MPS IIIB), ABO-201 (AAV-CLN3) gene therapy for juvenile Batten disease (JNCL), ABO-202
(AAV-CLN1) for treatment of infantile Batten disease (INCL), EB-201 for epidermolysis bullosa (EB), ABO-301 (AAV-FANCC) for Fanconi
anemia (FA) disorder and ABO-302 using a novel CRISPR/Cas9-based gene editing approach to gene therapy for rare blood diseases.
In addition, Abeona has a proprietary vector platform, AIM , for next generation product candidates.
Christine Silverstein
Vice President, Investor Relations
Abeona Therapeutics Inc.
Berry & Company Public Relations
release contains certain statements that are forward-looking within the meaning of Section 27a of the Securities Act of 1933, as
amended, and that involve risks and uncertainties. These statements include, without limitation, statements regarding our anticipated
offering, anticipated use of proceeds and plans and prospects for Abeona, and other statements including the words "may,"
will," "anticipate," "believe," "estimate," expect," "intend," and
similar expressions (as well as other words or expressions referencing future events, conditions or circumstances), which constitute
and are intended to identify forward-looking statements. Actual results may differ materially from those indicated by such forward-looking
statements as a result of various important factors, including: the uncertainties related to market conditions and the completion
of the public offering on the anticipated terms, or at all, continued interest in our rare disease portfolio, the ability to develop
our product candidates and technologies, the impact of changes in the financial markets and global economic conditions, and other
risks as are set forth in the Company's Annual Report on Form 10-K and other reports filed by the Company with the Securities and
Exchange Commission. The Company undertakes no obligations to make any revisions to the forward-looking statements contained in
this release or to update them to reflect events or circumstances occurring after the date of this release, whether as a result
of new information, future developments or otherwise.