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Abeona Therapeutics Inc. (ABEO) stock plunged during pre-market. Let’s see why?

Abeona Therapeutics Inc. (NASDAQ: ABEO) stock gained by 14.71% at the last close whereas the ABEO stock price declines by 1.92% in the pre-market trading session. Abeona Therapeutics is a biopharmaceutical firm in the early stages of development that is working on gene and cell therapy for serious diseases.

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Financial Highlights.

On May 18, 2021, Abeona Therapeutics announced its first-quarter 2021 financial results. The summary is stated below:

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Michael Amoroso, Chief Executive Officer of Abeona commented:

In 2021, ABEO is off to a flying start, owing to the laser-like emphasis on execution. ABEO is concentrating on finishing participation in the EB-101 Phase 3 pivotal VIITAL trial, determining a regulatory course for ABO-102 in MPS IIIA, delivering the first lot of Abeona-produced therapeutic grade ABO-102, and documenting additional neurocognitive and biomarker results from both the ABO-102 Transpher A and ABO-101 Transpher B trials. ABEO already has a strong preclinical pipeline, and they’re working on evaluating AAV capsids in order to start IND-enabling trials in two to three eye indications.

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