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ABEO
Benzinga
111 days

Abeona Surges After FDA Clears First Gene Therapy For Severe Genetic Skin Disease

1. FDA approved Zevaskyn, Abeona's gene therapy for RDEB. 2. Zevaskyn is priced at $3.1 million, higher than expected. 3. Analyst predicts significant sales potential, over $30 million by 2025. 4. Estimated peak U.S. sales for Zevaskyn could reach $600 million. 5. ABEO stock rose 23.77% following FDA approval announcement.

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FAQ

Why Very Bullish?

The FDA approval significantly enhances ABEO's market position and revenue potential. Historical precedent shows FDA approvals typically lead to substantial stock price increases.

How important is it?

The FDA approval creates a pivotal moment for ABEO, driving investor confidence and stock performance.

Why Long Term?

The drug's launch and sales forecasts indicate sustained revenue growth through 2026 and beyond, establishing a solid long-term financial trajectory.

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