Full Press Release Details
Abeona Therapeutics Strengthens Financial
with New Executive Appointments
Internal appointments of Christine Silverstein
as Chief Financial Officer and Edward Carr as Chief
Accounting Officer bolster financial strategy and controls
NEW YORK and CLEVELAND, Jan. 8,
2019 - Abeona Therapeutics Inc. (Nasdaq: ABEO), a leading clinical-stage biopharmaceutical company focused on developing
novel cell and gene therapies for life-threatening rare genetic diseases, today announced that it has appointed Christine Silverstein
to the position of Chief Financial Officer and named Edward Carr as Chief Accounting Officer.
"Christine is a thoughtful and strategic
leader who is truly passionate about our Company's commitment to serve patients and shareholders alike. Her healthcare and in-depth
capital markets experience has been instrumental in the implementation of Abeona's financial and operational strategy and
will play a vital role in our ability to generate higher growth and enhance shareholder value," commented Jo o Siffert,
M.D., Interim Chief Executive Officer of Abeona. "Ed has considerable financial and accounting experience and, in the short
period since joining Abeona, has implemented important financial practices that yielded efficiencies and further strengthened our
operations. Together, Christine and Ed's appointments round out our internal capabilities that are imperative to our success."
Ms. Silverstein was previously Senior Vice President, Finance
and Investor Relations for Abeona. Prior to joining Abeona in 2016, she served as Head of Investor Relations at Relmada Therapeutics,
Inc. a clinical stage specialty pharmaceutical company. This was preceded by her role as Managing Director at SCO Financial Group,
where she drove strategy on capital formation and business development opportunities for portfolio companies. Ms. Silverstein began
her career as an investment advisor at Royal Alliance Associates, Inc. before leading teams at corporate advisory firms, The Investor
Relations Group and Corporate Profile, LLC. She is a member of the National Investor Relations Institute and holds a B.S. from
the Peter Tobin College of Business, St. John's University.
Prior to Abeona, Mr. Carr most recently served as Vice President
and Assistant Controller at Coty Inc., a publicly listed multinational company. Prior to Coty, he served for more than 10 years
as Chief Accounting Officer at Foster Wheeler AG, which was preceded by his tenure at Ernst & Young LLP. He is a Certified
Public Accountant and holds a B.S. and Master of Professional Accountancy from West Virginia University.
About Abeona Therapeutics
Abeona Therapeutics Inc. is a clinical-stage
biopharmaceutical company developing cell and gene therapies for life-threatening rare genetic diseases. Abeona's lead programs
include EB-101, its gene-corrected cell therapy for recessive dystrophic epidermolysis bullosa, and ABO-102, a novel AAV9 based
gene therapy for Sanfilippo syndrome type A (MPS IIIA). The Company's portfolio of AAV9 based gene therapies also features
ABO-101 for Sanfilippo syndrome type B (MPS IIIB), and ABO-201 and ABO-202 for CLN3 disease and CLN1 disease, respectively. Its
preclinical assets include ABO-401, which uses a novel AIM AAV vector platform to address all mutations of cystic fibrosis.
Abeona has received numerous regulatory designations from the FDA and EMA for its pipeline candidates and is the only company
with Regenerative Medicine Advanced Therapy designation for two investigational therapies (EB-101 and ABO-102). For more information,
visit www.abeonatherapeutics.com.
Forward Looking Statements:
This 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. These statements include statements about the ability of its
management team to lead the Company and deliver on key strategies, the market opportunities for the Company's products and
product candidates, and the Company's goals and objectives. We have attempted to identify forward looking statements
by such terminology as "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, numerous risks
and uncertainties, including but not limited to continued interest in our rare disease portfolio, our ability to enroll patients
in clinical trials, the impact of competition, the ability to secure licenses for any technology that may be necessary to commercialize
our products, the ability to achieve or obtain necessary regulatory approvals, the impact of changes in the financial markets and
global economic conditions, risks associated with data analysis and reporting, and other risks as may be detailed from time to
time in the Company's Annual Reports on Form 10-K and quarterly reports on Form 10-Q and other reports filed by the Company
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 presentation, whether as a result of new
information, future developments or otherwise, except as required by the federal securities laws.
Director, Investor Relations
Abeona Therapeutics Inc.
Director, Corporate Communications
Abeona Therapeutics Inc.