PlasmaTech Biopharmaceuticals Closes Abeona Therapeutics Acquisition

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PlasmaTech Biopharma (PTBI) Announces Close of Abeona Therapeutics Acquisition

May 18, 2015 8:09 AM EDT

PlasmaTech Biopharmaceuticals, Inc. (NASDAQ: PTBI), a biopharmaceutical company focused on gene therapy and cell therapy products for severe and life- threatening rare diseases announced today that it had closed its previously announced acquisition of Abeona Therapeutics, a company engaged in the development and commercialization of therapies for patients with lysosomal storage diseases. The Company will issue to Abeona Therapeutic members a total of 3,979,761 common shares, and up to an additional $9 million in performance milestones, in... More