Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

FDA inspection clears Abeona's gene therapy BLA

EditorEmilio Ghigini
Published 01/02/2024, 11:50 pm
Updated 01/02/2024, 11:50 pm
© Reuters.

CLEVELAND - Abeona Therapeutics Inc. (NASDAQ:ABEO), a clinical-stage biopharmaceutical company, recently underwent a U.S. Food and Drug Administration (FDA) Bioresearch Monitoring (BIMO) inspection with no observations or FDA Form 483s issued, as part of the ongoing review for its Biologics License Application (BLA) for pz-cel (prademagene zamikeracel). The product is being developed to treat recessive dystrophic epidermolysis bullosa (RDEB), a rare genetic disorder.

The BIMO inspection, which took place from January 22 through January 24 at Abeona's headquarters, assessed the clinical study conduct for pz-cel. This inspection is part of the FDA's broader efforts to ensure the integrity of data submitted for new product approvals. A formal report from the FDA regarding the inspection will be provided at a later date.

Following the inspection, on January 25, the FDA conducted a mid-cycle review meeting for the BLA of pz-cel. During the meeting, the FDA indicated that it does not currently plan to convene an Advisory Committee for the review of pz-cel and does not anticipate the need for Risk Evaluation and Mitigation Strategies (REMS) at this time. The FDA also reconfirmed the Prescription Drug User Fee Act (PDUFA) target action date of May 25, 2024, when a decision on the approval of pz-cel is expected.

Abeona's CEO, Vish Seshadri, expressed the company's commitment to working with the FDA to expedite the review of pz-cel, aiming to bring this potential therapy to patients as soon as possible.

Abeona specializes in the development of cell and gene therapies for serious diseases. The company's manufacturing facility, which produced pz-cel used in its Phase 3 VIITAL™ trial, is prepared to support commercial production upon FDA approval. In addition to pz-cel, Abeona's portfolio includes AAV-based gene therapies for ophthalmic diseases and research into next-generation AAV capsids to enhance delivery for various diseases.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

This article is based on a press release statement from Abeona Therapeutics Inc. and contains no endorsements or speculative content.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.