Abeona inks licensing agreement with Regenxbio
US gene therapy developer Abeona Therapeutics (Nasdaq: ABEO) says that it has been granted new exclusive licenses to develop gene therapies for treatment of four rare lysosomal storage disorders using US biotech Regenxbio’s (Nasdaq: RGNX) NAV AAV9 vector platform technology.
These global licenses will help support development of gene therapies for treatment of Sanfilippo syndrome types A and B (MPS IIIA and MPSIIIB), infantile Batten disease (CLN1) and juvenile Batten disease (CLN3).
News of the deal failed to excite markets, with Regenxbio dipping 0.93% to $69.94, and Abeona gained just 0.22% to $9.25 by close of trading on Monday. Investors appear disappointed that Regenxbio did not receive a higher financial commitment in the deal considering only $40 million is assured, according to a posting on the Seeking Alpha blog.
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