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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Oct. 17, 9:41 PM

Slide #2. Abeona Therapeutics Inc. Secondary Offering

Company: Abeona Therapeutics Inc. (NASDAQ:ABEO)
Date announced: 10/16/2017
Shares Offered: 5,000,000
Date of Pricing: 10/16/2017
Price Per Share: $16.00
Secondary Offering Details: Abeona Therapeutics Inc. (Nasdaq:ABEO), a leading clinical-stage biopharmaceutical company focused on developing novel gene and cell therapies for life-threatening rare diseases, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering pursuant to an existing shelf registration statement. All of the shares in the offering are to be sold by Abeona. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Jefferies LLC is acting as sole book-running manager for the offering. Abeona intends to grant the underwriters a 30-day option to purchase additional shares of its common stock in an amount up to 15% of the shares sold in the offering, on the same terms and conditions. -updated 10/16- Abeona Therapeutics Inc. (Nasdaq:ABEO), a leading clinical-stage biopharmaceutical company focused on developing novel gene and cell therapies for life-threatening rare diseases, today announced the pricing of an underwritten public offering of five million shares of common stock at a public offering price of $16.00 per share. The gross offering size for this offering is expected to be approximately $80 million, before deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company has granted to the underwriters participating in the offering a 30-day option to purchase up to an additional 750,000 shares of common stock. The offering is expected to close on or about October 19, 2017, subject to customary closing conditions.

Abeona Therapeutics is a clinical stage biopharmaceutical company developing gene therapies for life-threatening rare genetic diseases. Co.'s primary programs are ABO-102 and ABO-101, adeno-associated virus based gene therapies for Sanfilippo syndrome. Co. also develops EB-101, gene-corrected skin grafts for recessive dystrophic epidermolysis bullosa; EB-201 for epidermolysis bullosa; ABO-201, gene therapy for juvenile Batten disease; ABO-202 gene therapy for treatment of infantile Batten disease; ABO-301 for Fanconi anemia disorder; and ABO-302 for rare blood diseases. Co. has a plasma-based protein therapy platform, using its proprietary SDFTM (Salt Diafiltration) ethanol-free process.

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Company Name:  Abeona Therapeutics Inc
Sector:  Biotechnology
Number of ETFs Holding ABEO:  11
Total Market Value Held by ETFs:  $17.28M
Total Market Capitalization:  $649.00M
% of Market Cap. Held by ETFs:  2.66%

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October 17, 2017    9:41 PM Eastern
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Strong Buy (3.83 out of 4)
81st percentile
(ranked higher than approx. 81% of all stocks covered)
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