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Abeona Therapeutics Announces FDA Acceptance of BLA Resubmission of Pz-cel for the Treatment of Recessive Dystrophic Epidermolysis Bullosa FDA assigns PDUFA target action date of

Key Takeaway: Abeona Therapeutics announced that the FDA has accepted its Biologics License Application (BLA) resubmission for pz-cel, an investigational gene therapy for recessive dystrophic epidermolysis bullosa (RDEB). The FDA has set a Prescription Drug User Fee Act (PDUFA) target action date of April 29, 2025. If approved, pz-cel would be the first gene therapy to target COLL7A1 mutations responsible for RDEB, offering hope for improved treatment outcomes. Support for the resubmission includes substantial clinical efficacy and safety data from multiple studies.

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POSITIVE FACTORS

  • FDA has accepted BLA resubmission for pz-cel, moving closer to approval.
  • Pz-cel could become the first autologous cell-based therapy for RDEB.
  • The treatment aims to meet significant unmet needs for patients suffering from RDEB.

Full Press Release Details

Therapeutics Announces FDA Acceptance of BLA Resubmission of Pz-cel for the Treatment of Recessive Dystrophic Epidermolysis
assigns PDUFA target action date of April 29, 2025
Nov 12, 2024 - Abeona Therapeutics Inc. (Nasdaq: ABEO) today announced that the U.S. Food and Drug Administration (FDA)
has accepted for review Abeona's resubmission of its Biologics License Application (BLA) for prademagene zamikeracel (pz-cel),
its investigational autologous cell-based gene therapy, as a potential new treatment for recessive dystrophic epidermolysis bullosa (RDEB).
The FDA has assigned a Prescription Drug User Fee Act (PDUFA) target action date of April 29, 2025.
FDA acceptance of our BLA resubmission moves us one step closer to providing pz-cel as a differentiated treatment option to address the
persistent unmet needs of people with RDEB in the U.S.," said Vish Seshadri, Chief Executive Officer of Abeona. "We
look forward to continuing to work with the FDA to finalize the review of the pz-cel application."
BLA resubmission is supported by clinical efficacy and safety data after a one-time administration of pz-cel from the pivotal
Phase 3 VIITAL study (NCT04227106) and a Phase 1/2a study (NCT01263379) with up to 8 years of follow-up. If approved,
pz-cel would be the first autologous, cell-based gene therapy for RDEB, and the first RDEB treatment designed to provide collagen VII expression at wound sites via a stably integrated copy of the COL7A1 gene.
Company's BLA for pz-cel was previously accepted for Priority Review by the FDA for patients with RDEB. Abeona may be eligible for a Priority Review Voucher (PRV) should pz-cel be approved.
prademagene zamikeracel (pz-cel)
zamikeracel (pz-cel), Abeona's investigational autologous, COL7A1 gene therapy, is currently being developed for the treatment
of recessive dystrophic epidermolysis bullosa (RDEB), a rare genetic skin disease caused by a mutation in both copies of the COL7A1
gene. As a result of this defect, cells are unable to express functional collagen VII protein which is needed to form anchoring fibrils
that bond the epidermis to the dermis. Lack of anchoring fibrils leads to fragile skin that blisters easily and patients suffer from
years of painful wounds, itch and increased risk of infection and squamous cell carcinoma. Pz-cel is made from patients' own skin
cells that are genetically corrected with a functional COL7A1 gene integrated into the skin cells' genome to express collagen
VII. These gene-corrected cells are expanded to form keratinocyte sheets to cover wound areas in a single surgical application. Pz-cel
has been granted Regenerative Medicine Advanced Therapy, Breakthrough Therapy, Orphan Drug and Rare Pediatric Disease designations by
Therapeutics Inc. is a clinical-stage biopharmaceutical company developing cell and gene therapies for serious diseases. Prademagene
zamikeracel (pz-cel) is Abeona's investigational autologous, COL7A1 gene-corrected epidermal sheets currently in development for
recessive dystrophic epidermolysis bullosa. The Company's fully integrated cell and gene therapy cGMP manufacturing facility served
as the manufacturing site for pz-cel used in its Phase 3 VIITAL trial, and is capable of supporting commercial production of pz-cel
upon FDA approval. The Company's development portfolio also features AAV-based gene therapies for ophthalmic diseases with high
unmet medical need. Abeona's novel, next-generation AAV capsids are being evaluated to improve tropism profiles for a variety of
devastating diseases. For more information, visit www.abeonatherapeutics.com.
press release contains certain statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and that involve risks and uncertainties. We have attempted
to identify forward-looking statements by such terminology as "may," "will," "believe," "anticipate,"
"expect," "intend," "potential," and similar words and 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, numerous
risks and uncertainties, including but not limited to, the timing and outcome of the FDA's review of our BLA resubmission for pz-cel;
the FDA's grant of a Priority Review Voucher upon pz-cel approval; continued interest in our rare disease portfolio; our ability
to enroll patients in clinical trials; the outcome of future meetings with the FDA or other regulatory agencies, including those relating
to preclinical programs; the ability to achieve or obtain necessary regulatory approvals; the impact of any changes in the financial
markets and global economic conditions; risks associated with data analysis and reporting; and other risks disclosed in the Company's
most recent Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission. The Company
undertakes no obligation to revise the forward-looking statements or to update them to reflect events or circumstances occurring after
the date of this press release, whether as a result of new information, future developments or otherwise, except as required by the federal
VP, Investor Relations and Corporate Communications

Frequently Asked Questions

What is the FDA's target action date for pz-cel?

The FDA's target action date for pz-cel is April 29, 2025.

What condition does pz-cel aim to treat?

Pz-cel is intended for the treatment of recessive dystrophic epidermolysis bullosa (RDEB).

What type of therapy is pz-cel?

Pz-cel is an investigational autologous cell-based gene therapy.

How does pz-cel work?

Pz-cel involves genetically correcting patients' skin cells to express collagen VII.

What designations has pz-cel received?

Pz-cel has received Orphan Drug, Breakthrough Therapy, and Regenerative Medicine designations.

Last updated: Nov 12, 2024