ABEO
Published on 05/13/2026 at 11:38 am EDT
Q1 2026 Results and Pipeline Update
May 13, 2026
Corporate Overview
Vishwas Seshadri, Ph.D., M.B.A.
CHIEF EXECUTIVE OFFICER, DIRECTOR
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Six Qualified Treatment Centers activated
Three patients treated in the first quarter
Continued growth anticipated fueled by QTC expansion and positive early ZEVASKYN experiences
Radically novel engineered T-cell therapy targeting Prostate-Specific Membrane Antigen (PSMA),
in-licensed for a $7M upfront payment
Ophthalmology programs deprioritized
$10.0
$9.0
$8.0
$7.0
$6.0
$5.0
$4.0
$3.0
$2.0
$1.0
$0.0
Net Product Revenue
$8.7
$6.3M
$2.4
Q4 2025 Q1 2026
- Millions of $USD
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Commercial Update
Madhav Vasanthavada, Ph.D., M.B.A. CHIEF COMMERCIAL OFFICER
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Patients Treated:
3 patients treated in the first quarter of 2026
1 patient treated so far this quarter
Patients In-queue:
1 patient biopsied (manufacturing ongoing)
6 additional patients expected to be biopsied this
quarter, 3 of whom have biopsies scheduled
Near-term ZEVASKYN potential patients:
100+ patients identified to date across QTCs and non-QTC physicians with patient referrals underway
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6 *As of May 13, 2026
Patients treated span a wide age range, payor types, and have traveled significant distances, including out-of-state
Published coverage policies now in place for 95% of commercially insured U.S. lives; no patient attrition and no final payer denials to date
Data presentation at SID2026 on sustained wound healing and long-term safety after one-time pz-cel application: 12-year case report and 5-year Phase 3 data
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R&D Pipeline Update
Vishwas Seshadri, Ph.D., M.B.A.
CHIEF EXECUTIVE OFFICER, DIRECTOR
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Technical and Regulatory Expertise: Cell Therapy Commercial Excellence:
Tech transfer for manufacturing vectors and cell products
Clinical development for personalized autologous cell-therapy
Assay development, bridging and validation at every stage
BLA review and approval with heavy CMC focus
Activation of QTCs with multidisciplinary care teams
Securing market access for high-value gene therapies
Delivering personalized therapy with chain of identity
Prior oncology experience including in prostate cancer
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PSMA is a validated target in prostate cancer, but CAR-Ts and other immunotherapies targeting PSMA have failed to deliver durable efficacy and acceptable safety profiles
PSMA SIR-TTM is a radically novel engineered T-cell technology with the potential to unlock immuno-oncology in prostate cancer
Global KOLs in prostate cancer are eager to participate in human trials with PSMA SIR-TTM
Advanced prostate cancer claims >30,000 lives in the US annually
High mortality despite advances (e.g., combinations with androgen receptor pathway inhibitors and radioligand therapies)
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Preet M. Chaudhary M.D., Ph.D.
Professor of Medicine and Chief of Jane Ann Nohl Division of Hematology and Center for the Study of Blood Diseases at University of Southern California (USC) Keck School of Medicine
Director of USC Blood and Marrow Transplant and Cell Therapy Program
Ronald Bloom Family Endowed Chair in Lymphoma Research
200+ worldwide patents (granted / pending) in the field of cell therapy
Click here to view Dr. Chaudhary's recent talk on SIR-TTM technology
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PSMA SIR-TTM
(ABO-701)
Designed to overcome the fundamental limitations of CARs
Retains the full signaling strength, complexity, and physiological regulation of a TCR
Exceptional in vivo responses vs. CAR T cells in preclinical models, with less inflammatory cytokine release
CAR
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CAR controls
14 Preclinicaldatageneratedinprostatetumor-bearing mice.
Financial Update
Joe Vazzano
CHIEF FINANCIAL OFFICER
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Q1 26 net product revenue of $8.7M vs. Q4 25 net product revenue of $2.4M
Q1 26 cost of sales of $2.7M vs. Q4 25 cost of sales of $1.0M
R&D expenses of $9.6M for Q1 26 (including $7.0M license payment for PSMA SIR-TTM asset) vs. $9.9M for Q1 25
SG&A expenses of $19.5M for Q1 26 vs. $9.8M for Q1 25
$168.3M in cash, cash equivalents and short-term investments as of March 31, 2026
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Conclusions
Vishwas Seshadri, Ph.D., M.B.A.
CHIEF EXECUTIVE OFFICER, DIRECTOR
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Strong Leading Indicators for ZEVASKYN® Launch
Advancing PSMA SIR-TTM in Prostate Cancer
Our mission to harness the promise of genetic medicine to transform the lives of patients is inspired by our vision, to realize a world where cure is the new standard of care.
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Questions
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Disclaimer
Abeona Therapeutics Inc. published this content on May 12, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 13, 2026 at 15:37 UTC.