8-KThe WireStrategic
Material Agreement · Company Update
Filed May 12, 2025 · 1y ago · Accession 0001641172-25-009564
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported): May 9, 2025
ABEONA
THERAPEUTICS INC.
(Exact
name of registrant as specified in its charter)
Delaware
001-15771
83-0221517
(State
or other jurisdiction
of
incorporation)
(Commission
File
Number)
(I.R.S.
Employer
Identification
No.)
6555
Carnegie Ave , 4th Floor
Cleveland ,
OH 44103
(Address
of principal executive offices) (Zip Code)
(646)
813-4701
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class
Trading
Symbol
Name
of each exchange on which registered
Common
Stock, $0.01 par value
ABEO
The
Nasdaq Capital Market
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
1.01 Entry into a Material Definitive Agreement
On
May 9, 2025, Abeona Therapeutics Inc. (the “Company”) entered into an asset purchase agreement (the “PRV Asset Purchase
Agreement”), pursuant to which the Company agreed to sell a Rare Pediatric Disease Priority Review Voucher (“PRV”)
to the buyer. The Company was awarded the voucher by the U.S. Food and Drug Administration (“FDA”) on April 28, 2025, upon
approval of the Company’s biologics license application for ZEVASKYN™ (prademagene zamikeracel). Pursuant to the PRV Asset
Purchase Agreement, the buyer agreed to pay the Company $155 million, payable in cash, upon the closing of the sale.
The
PRV Asset Purchase Agreement contains customary representations, warranties, covenants, and indemnification provisions subject to certain
limitations. The transaction remains subject to customary closing conditions, including the expiration or termination of the applicable
waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
The
foregoing description of the PRV Asset Purchase Agreement does not purport to be complete and is qualified in its entirety by the full
text of the PRV Asset Purchase Agreement, a copy of which will be filed with the Company’s Quarterly Report on Form 10-Q for the
three months ended June 30, 2025.
Item
8.01 Other Events.
On
May 12, 2025, Abeona Therapeutics Inc. issued a press release entitled “Abeona Therapeutics® Enters into Agreement to Sell
Priority Review Voucher for $155 Million.” A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form
8-K and is incorporated herein by reference.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
No.
Description
99.1
Press release dated May 12, 2025, entitled “Abeona Therapeutics® Enters into Agreement to Sell Priority Review Voucher for $155 Million.”
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Abeona
Therapeutics Inc.
(Registrant)
By:
/s/
Joseph Vazzano
Name:
Joseph
Vazzano
Title:
Chief
Financial Officer
Date:
May 12, 2025
Filing details
- Company
- ABEONA THERAPEUTICS INC.
- Ticker
- ABEO
- CIK
- 318306
- Form type
- 8-K
- Filing date
- May 12, 2025
- Report date
- May 9, 2025
- Document
- form8-k.htm
- Size
- 258 KB