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Abeona slumps after FDA declines approval for its skin disorder treatment



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** Shares of Abeona Therapeutics ABEO.O fall nearly 53% to $3.48 after hours

** U.S. FDA declines to approve Abeona's treatment for recessive dystrophic epidermolysis bullosa, a rare skin blistering condition

** FDA requests certain additional information to satisfy a critical part of any pharmaceutical product application

** Co says FDA did not identify "any deficiencies related to the clinical efficacy or clinical safety data" and has not requested any new clinical trials or clinical data to support the approval

** ABEO anticipates submitting the required information in 3Q 2024

** Up to last close, stock up 46.91% YTD



Reporting by Juby Babu

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