Abeona Therapeutics (ABEO): JAMA Offers Detail On EB-101 Phase I Results - FBR

November 30, 2016 8:18 AM EST
Get Alerts ABEO Hot Sheet
Price: $4.90 -2%

Rating Summary:
    4 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 1 | Down: 2 | New: 3
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FBR Capital analyst, Vernon Bernadino, reiterated his Outperform rating on shares of Abeona Therapeutics (NASDAQ: ABEO) after closely reviewing results from the Phase I clinical trial with EB-101, recently published in the Journal of the American Medical Association (JAMA) and came away with a positive view of prospects for a safe, potentially durable, cell-based therapy for people with recessive dystrophic epidermolysis bullosa (RDEB).

The analyst thinks clinical efficacy demonstrated by EB-101 in 67% of healed wounds at six months, post-treatment (which lasted through 12 months), is impressive. He also thinks the restoration of Type VII collagen (C7) expression (lacking or poorly functional in RDEB) was also remarkable, especially at the graft site dermal-epidermal junction, where nutrient exchange and skin renewal occurs.

The analyst thinks news flow from EB-101 and Abeona's three other ongoing rare disease clinical programs in the next three to six months to be a positive catalyst for ABEO shares. We reiterate Outperform.

No change to the price target of $15.

For an analyst ratings summary and ratings history on Abeona Therapeutics click here. For more ratings news on Abeona Therapeutics click here.

Shares of Abeona Therapeutics closed at $6.55 yesterday.

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