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Abeona Therapeutics, Inc.
Drug Names(s): ABX-B
Description: ABX-B is a gene therapy in development for Sanfilippo (SF) Syndrome Type B. It consists of recombinant AAV9 expressing human alpha-N-acetylglucosaminidase. Deficiency of the enzyme leads to buildup of heparan sulfate.
Abeona and PlasmaTech
In May 2015, PlasmaTech entered into a definitive agreement to acquire Abeona. ABX-B was originally developed by Abeona. Under the terms of the agreement, the Company will issue to Abeona Therapeutic members a total of 3,979,761 common shares upon closing of the transaction, and up to an additional $9 million in performance milestones, in common stock or cash, at the Companys option.
In May 2015, PlasmaTech Biopharmaceuticals completed its acquisition of Abeona Therapeutics pursuant to the terms of an Agreement and Plan of Merger.
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