Good day, and welcome to the Abeona Therapeutics Second Quarter 2021 Conference Call. There will be a Q and A session after the presentation and instructions will follow. As a reminder, today's conference is being recorded. I'll now introduce your host for today's conference, Greg Jin, Vice President of Investor Relations and Corporate Communications at Abeona. Please go ahead.
Thank you, Paul. Good morning, everyone. I would like to welcome and thank you for joining us on our Q2 2021 conference call. The press release announcing the Q2 results and recent operational progress is available on our website at www.abianatherapeutics.com. On the call today with prepared remarks are Michael Amoroso, Chief Executive Officer of Avionna and Ed Carr, Chief Accounting Officer.
After the prepared remarks, we will host the Q and A session. We are also joined by Doctor. Vish Seshadri, Head of Research and Clinical Development And Doctor. Brian Kazimi, a lead research scientist working on our preclinical eye programs. Before we start, I will review our Safe Harbor statement.
Remarks made during today's call may contain projections and forward looking statements regarding future events. Forward looking statements are made pursuant to the Safe Harbor provisions of the federal securities laws. These forward looking statements are based on current expectations and are subject to change and actual results may differ materially from those expressed or implied in the forward looking statements. Various factors that could cause actual results to differ include, but are not limited to, Those identified under the section entitled Risk Factors in the company's annual report on Form 10 ks and quarterly reports on Form 10 Q filed by the company with the SEC. These documents are available on our website at www.abionatherapeutics.com.
And with that, I will now turn the call over to Michael. Michael?
Thank you, Greg. Good morning, everyone, and thanks for joining us. We are excited to be with you today, and I hope this call finds you and your loved ones safe in the still uncertain time. I'd like to begin this morning with a review of our three Strategic priorities for this management team in 2021. 1st, bolstering our relevant operational experience.
1st and foremost for our management team, but also for our Board members. 2nd, delivering operational excellence, both timely and fiscally disciplined to make sure we advance our clinical programs with meaningful data towards regulatory milestones. 3rd, prioritizing, executing and advancing our preclinical pipeline towards the clinic, starting with a focus that we've discussed in our last call on the eye or our pharma gene therapy programs. Now that's the midpoint of 2021, let's assess how we're doing. Priority 1, Accomplished.
We have added specific operational experience to our management team and our Board of Directors. As noted on our Q1 call, We enhanced our Board with the appointment of 4 new members. And most importantly, we strengthened our management team with the appointment of Doctor. Vishwas Seshadri, Who joined us from a senior level position at BMS to be our Head of Research and Clinical Development. In addition, we've added even more strength and experience to our clinical development program teams under Vish for ED and MPS.
We've added relevant regulatory BLA experience, some of which has been paramount for our successful 2 Type B meetings over the last 6 months. Also, we continue to fortify our quality and technical operations teams in Cleveland as we move closer to the BLA readiness skill sets. All of these teams have been strengthened in 2021 thus far. And we will continue to be opportunistic about adding the best talent in the marketplace. Priority 2, on target.
We are delivering and have delivered operational excellence in achieving Significant clinical milestones in a fiscally disciplined and timely manner. Let's start with our pivotal program in RDEB, EB-one hundred and one. I'm excited to tell you about the progress we made in patient enrollment, opening a second site for completing our registration trial and ultimately all driving towards BLA in 2022. I'm also excited to tell you about the progress made on our MPS IIIA program, which we had a successful and collaborative Type B meeting with the FDA last month confirming that transfer A is the pivotal study for ABO-one hundred and two in MPS IIIA. Our 3rd clinical program, MPS IIIA, we are At the conclusion of enrollment at the high dose cohort 3 year level and will be closing the TRANSFER B study for further accrual.
We'll continue to follow these patients to assess long term safety and efficacy, specifically neurocognitive development over time. And then priority 3, also on target, we are advancing our preclinical eye programs toward the clinic with great speed and precision. During Q2, we reported the results of 2 non human primate studies. We are on track to begin proof of concept studies in the second half of this year and this will be toxicology study enabling into 2022 with some select ophthalmic indications. Now let's take a deeper dive into the progress of our clinical programs and preclinical programs.
Starting with EB-one hundred and one, Our lead pivotal Phase III VITAL study for recessive dystrophic epidermolysis bullosa or RDEB. We continue to build enrollment momentum in VITAL. There continues to be high and growing level of interest among patients and healthcare professionals, and we are very pleased to have recently activated A second clinical trial site at UMass Memorial Medical Center in Worcester, Mass under principal investigator and world renowned EV expert, Doctor. Karen Wiss. Doctor.
Wiss is a Professor of Dermatology and Pediatrics at UMass Medical School and she's the Director of Pediatric Dermatology. We are excited to have the UMass team join Avi on his mission of pursuing a standard of care for large and chronic RDEB wounds. This is a significant and major milestone, and I want to congratulate the team on this timely execution and thank the staff and team at UMass. Now in addition to our lead trial site at Stanford Medical Center in Palo Alto, California, we can provide convenient treatment locations for study participants on both the West and East Coast, making travel logistics easier for patients and family. I'll remind our investment community, This was one of the major challenges we heard from the community in 2020 and thus far in 2021, it seems to be opening up with our pandemic.
The second site is paramount to our success. At the same time, we're expanding necessary physician experience with EB-one hundred and one as we plan for potential commercial launch in the U. S. We look forward to collaborating closely with the clinical team at UMass to screen and enroll subjects in VITAL as soon as possible. They are ready to go.
Next, We continue our progress towards completing patient enrollment in the VITAL study. We have successfully administered EV-one hundred and one to patient number 5. As you may recall from our last call, this is the patient who opted to rebiopsy and make new product. We are extremely happy to report that the rebiopsy and manufacturing of EV-one hundred and one product was successful for this patient and they have received their EV-one hundred and one administration. The patient will be followed as per our vital protocol.
Additional patients continue to be identified and prescreened at both Stanford and now UMass to determine their eligibility for vial. As a reminder, the target for the pivotal trial is the treatment of approximately 35 large chronic wounds across 10 to 15 patients. Today, I'm excited to report that we have treated more than half of the target number of randomized pairs of wound thus far. Next, let's turn our attention to our AAV platform, our second in clinic program, ABO-one hundred and two for Sanfilippo Syndrome Type A or MPS IIIA disease. Yesterday, we announced some very exciting news about our Type B meeting with the FDA for the MPS IIIA program.
We had a successful collaborative Type B meeting and aligned with the FDA that the current single arm transfer A study will serve as the pivotal study for ABO-one hundred and two and potentially support a biologic license application, of course, depending on the dataset. Since 2016, we have now treated 21 patients in the TRANSFERA trial. We're excited about the safety and the magnitude of benefits seen with our investigational ABL-one hundred and two product in the younger children from the higher dose cohort, as we reported at the World Symposium earlier this year. We remain hopeful that if the more recently dosed children in Cohort 3 Display similar treatment effects as those already presented, we could have an invaluable data set in 2022. The patients we serve have tremendous unmet need.
They cannot wait. And we remain fully focused on operational excellence with the intent of now delivering 2 pivotal data packages in 2022, one for EB-one hundred and one and one now for ABO-one hundred and two. At the Type B meeting, we also aligned with the FDA on the definition of Primary endpoint for Transfer A, which is neurocognitive assessment using the raw score from the Bayley Scales of Infant and Toddler Development and the CALCIMATE assessment battery for children. These scales will be used in sequence. This is data we're already collecting as secondary endpoints.
They will move to primary and transfer A and Vish will tell you a little bit more about that shortly. We are grateful to the FDA for their guidance and we look forward to continuing to work closely with the agency toward our goal of bringing Potentially life saving therapy to patients afflicted with MPS IIIA. In the near future, we intend to share the Type B meeting feedback with the EMA, followed by potentially other regulatory authorities around the world to guide our development plans for MAA in ex U. S. Markets.
Of course, the United States is our first focus. In addition to the guidance and clarity from the FDA on the regulatory front, We also shared some very encouraging new clinical data from Transfer A that had not before been published this past weekend during an oral presentation At the 16th International Symposium on MPS and Related Diseases, our new MRI data, the data indicates that ABL-one hundred and two Increases gray matter. Corpus, callosum and amygdala volumes in the brain in 3 young patients with MPS IIIA at 24 months post treatment compared to an afflicted patient without treatment. Now let's talk about this for a moment. Brain volume loss is characteristic in children with MPS IIIA and it's associated with long term cognitive and physical disability.
Specifically, gray matter is important for cognitive development. Corpus callosum for motor function and amygdala for field learning as well as social and emotional development. We're excited about the MRI data as are our clinicians and it's consistent with previously reported results of preservation of neurocognitive development in the 3 younger children that we in the 3 younger children from Cohort 3 that we have presented from Transfer A earlier this year with a long list follow-up. Moving onward to our last in clinic program ABO-one hundred and one in the transfer B study for MPS IIIA. As noted on the last quarterly call, We reported results from transfer B at the World Symposium in February.
The results to date transfer B high dose cohort like the high dose cohort in transfer A Show the drug is safe and well tolerated, eliciting a dose dependent sustained reduction in disease specific biomarkers, to noting clear biologic effects. As I've reminded you in the past, we absolutely want to see biomarkers moving in the right direction. The gold standard will be the collection of neurocognitive development data, and we need to let that mature into 2022. Previously, we shared the accrual and transfer B was paused After dosing 4 patients in the higher cohort, because the drug product again supplied by Nationwide Children's Hospital In Ohio, had reached its 2 year shelf life export. Some of our additional stability testing results showed Specifications were not met for all parameters of transfer B protocol.
However, specifically physical titer. However, after reviewing the test results based on equivalents, potency, infectious titer as well as the purity profile of the drug, The German Health Regulatory Authority, along with our DSMB, deem that the benefit of the drug outweigh the risk and endorse the use of the product for those remaining patients with highest unmet need through the German named patient program. The NPP is a compassionate use program in Germany that allows individuals to be treated at the request of the retreating physician and families. We're thankful for the authority and the DSMB actions acting quickly to get drug to these patients. To date, 3 patients have been dosed in the German NPP and a 4th is prescreened and getting ready for treatment.
The total number of patients treated now at the higher dose, 1x1014 effective genomes per kilogram between transfer B Cohort 3 And now the NPP program will soon be 8 children collectively. In parallel, we're in the process of closing enrollment in the TRANSFER B study and patients from both the transfer B and the main patient use program will be monitored with the same rigor For ongoing safety and efficacy of the high dose AB101 product as they would have been within the transfer B study. While early biomarker data is promising, neurocognitive preservation and development is the gold standard as we've discussed. We look forward to seeing 2 year neurocognitive data beginning in the first half of twenty twenty two for some of the first patients dosed in the higher dose cohort from TRANSFER B. And subsequently we'll determine next steps for the program once we have some of these important and essential data points.
As we await these data, I'll remind you that out of our wholly owned Cleveland non CDMO dependent manufacturing facility, ABO-one hundred and two for MPS IIIA commercial grade product is being made. Our experience in AAV production From our fully owned Eliza Litton center will be highly transferable if and when we decide to manufacture AB-one hundred and one for MPS IIIA program, of course, data dependent in 'twenty two. Finally, I'll give a brief update preclinical and I'll open it up to the group for questions. As previously noted, we conducted preclinical research with novel AAV capsids, including our Abeona invented and partnered capsids in 6 undisclosed eye indications. These eye indications represent opportunities in the U.
S. Alone of about 5000 to 15000 patients with the highest unmet need. This continues our Abeona identity as a fully integrated
And Michael has rejoined. Go ahead, Michael.
Yes, I'm sorry about that to the community. I'll pick up where I left off with the preclinical programs. In the Q2, we reported preclinical data from ARVO-twenty 21 and completed non human primate studies. As a reminder, the NHP results show that AAV204, one of our in licensed AIM capsid programs, was superior to AAV8 using a recently developed novel route of ocular administration. Brian will be on the call to tell us about that if you have any questions.
In a separate NHP experiment, AAV-two fourteen and 214 D5, 2 wholly owned Abeona Capsids, Demonstrated nearly identical levels of transduction compared with AAV8 of photoreceptor and retinal pigmented epithelium cells, which are the cell types most frequently affected in inherited retinal diseases. These data are believed to be very important findings As we remind you, the gold standard today in ophthalmic subretinal drug delivery is A88. So we're enthusiastic about the findings. We're moving as we speak to proof of concept studies in the second half of this year and this will enable toxicology studies in 2022. With that, I'm going to turn over to Ed, our Chief Accounting Officer to review our financial results.
Please, Ed. Thank you.
Thank you, Michael. I would like to remind everyone that the Form 10 Q is available on our website, which is where you can get additional details on our and financial results for the 3 6 months ended June 30, 2021. While pursuing the key strategic priorities outlined by Michael, we have thoughtfully and Across each function within the organization, there is a balanced approach to not only focusing on moving forward towards our key milestones, but also using our cash resources prudently and on time to deliver results. Looking at research and development activities in the Q2 of 2021, we spent $7,400,000 which is consistent with the $7,200,000 spent in the Q1 of 2021. Research and development Spend includes the cost of the clinical development of the EB-one hundred and one and MPS programs, the manufacturing of the drug products for EB-one hundred and one and ABO-one hundred and two and our preclinical ophthalmic research activities.
Our spend on general and administrative activities was $5,500,000 in the Q2 of 2021, down significantly from the $6,600,000 spent in the Q1 of 2021. Generally administrative spend includes the cost of personnel not The decrease in general and administrative spend in the Q2 of 2021 Turning to the financial resources on our balance sheet. We had cash, cash equivalents and short term investments of $77,600,000 as of June 30, 2021, as compared to $86,800,000 as of March 31, 2021. The change in cash resulted primarily from $11,500,000 of cash used in operating activities, partially offset by $2,300,000 of cash from financing activities. Based on our existing cash, cash equivalents and short term investments, our ability to access additional financial resources and our financial flexibility to reduce operating expenses if required, we believe that we have sufficient resources to fund operations through at least the next 12 months.
And with that, I'll turn the call back over to Michael. Michael?
Thank you very much, Ed. We're committed to delivering operational excellence and bringing the gene therapies to patients with no approved treatments. We continue to advance our clinical programs with great operational know how, Many of our pre existing team and new hire talent and with fiscal discipline. We've activated a second clinical trial site at UMass. While moving toward completing enrollment for EB-one hundred and one Phase 3 VITAL Study in RDEB.
In MPS IIIA, we've aligned with the FDA on TRANSPARRAY as the pivotal trial and the primary endpoint, giving us great guidance and clarity on the potential regulatory path for ABL-one hundred and two. We are focusing our resources on The second quarter was a highly effective and productive quarter for Abeona, And I want to thank our patients, their families and our team, including our investors who make this incredible drug development possible. With that, I turn it over to the operator to open up questions and answers. Thank you.
Thank you. Ladies and gentlemen, Floor is now open for questions. And the first question is coming from Kristin Pliska from Cantor Fitzgerald. Kristin, your line is live.
Hi, good morning everyone. Congrats on the Type B meeting outcome and thanks for taking the questions. The first one I have is, could you remind us about the latest efforts and the current database for natural history in MPS IIIA, And given that for MPS IIIA, you've achieved the best results when treating early in the high dose cohort, how should we also be thinking about perhaps the long term data in Cohort 2, given that these patients are actually receiving a higher dose than MPS IIIA.
Thanks, Tristan. Good to hear your voice. I think what I'll do, Juan Ruiz is actually with us on the phone, my lead clinician and MD from the 3B program. I think we're asking about the national history registries that exist or repositories, if you will, that exist for 3b. And then, Chris, I'll ask you to clarify.
Are we also About the expectation of the higher dose cohort from 3B and how if we're expecting similarities to 3A. I I just want to clarify the second part of that question before I have Juan answer, please.
Sure. But also the focus was on cohort 2 for MPS IIIA, just given that the protocol for the MPS IIIA trial includes higher doses relative to what you're studying for MPS IIIA?
Yes, got you. Okay. So there's 2 doses in IIIB that are actually the Cohort 2 and III that are higher than the highest dose in IIIA, obviously a different drug. And I think, we also believe the data we showed in February was from Cohort 3 also from 3b, the highest dose, 1x1014th. But I'll let Juan address both of those.
So Juan, let me open it up to you to please address, what natural history data exists for 3B And what we should be looking for from 3B, which arm, would we discuss it as far as expecting neurocognitive results in 2022? Please, Juan.
Yes. Thank you, Michael, and thank you, Christian, for the question. Regarding MPS IIIB, Nationwide It all conducted a network history study for IIIA and IIIB. So they used the information to inform the clinical trials. So there is already data gathered from nationwide on 3 d patients.
In addition, Ted Whitley at the University of Minnesota conducted a network history study on 3b basis that has been published. We have access to this information that we are using to compare the children in our science. And also BioMarine has released some data On a significant natural history starting on 3B basins for their own programs. So this information has been collected and it's been used and we are using it In a similar way to the information collected for 3A for our Transfer A program. So we are confident that there will be The amount of information that is needed in order to make the comparisons between the evolution of the children in TRANSFER B with natural history data.
Regarding doses in transfer B versus transfer A, I would like to remind first that the product that we are using in both trials, Although based on AB9, both of them have some differences. The transfer aid I mean the product for the 3 year program It's a self complementary AAV9 versus the single stranded AAV9 vector for the Transfer B. And this has implications regarding the speed of the gene transduction and also the amount of gene expression. So although the doses are different and 3x1013 in transfer A versus 1x1014 In Transfer B, this is somehow compensated with the higher expression derived for self complementary AVs. That regard, yes, the Cohort 2 that is using 5x1013 in the Transfer B program It would be kind of, I mean, similar to the dose, higher dose in Cohort 3 in transfer But it's difficult to compare this explanation.
We are going to we are continually collecting data from these children, and we will have data Along the year and they will complete 2 years follow-up before the end of the year and will be ready for the beginning of 2022.
Thank you, Juan. Thanks for the excellent explanation.
Yes. Thank you very much. And then moving on to ABO-one hundred and two, is there a specific time length of follow-up that you're looking to collect For the more recently treated patients in Cohort 3 as it relates to your comments about having a potential pivotal package next year?
Yes, Kristen, great question. I'll take that one. So I think the timeline that you guys have heard me talk about On post treatment, not that it's a perfect science, but I'll just remind you is that that 2 year time point, knowing that neurocognition and development And those comparisons versus the scale of Bailey and ultimately hopefully Kaufman and Vish will speak about that I'm sure coming up with another question as Bailey turns to Kaufman, As a child gains a certain level of acceptable cognitive age, which is obviously good news if you're turning to that survey. But The bottom line here is 2 years, Kristen. 2 years is that time point we've talked about.
Now again, what does that relate to? Basically, our youngest patients are around 12 months. So you really start to see the separation versus the historical controls out there, the natural history is that 3 year timeframe we've talked about, Kristen. We want to make sure we've got at least 2 years post follow-up of a treated patient. Again, that was based on the youngest patient at the time being treated about 12 months.
It could be lesser data, for example, if you're treating a patient at baseline who's 2 years old. Now at 2 years, they're going to be 4. You should see a real clear delineation. So we think 2 years is a minimum follow-up. It's really important.
Kristen, by the fall of next year, with the majority of all the cohort 3, The 3x1013 from BRAVO-one hundred and two from transfer A. We'll have almost all patients almost all patients will be past 2 years by the fall and we'll have some patients up to about 5 years. So that's what we say based on the magnitude of effect, still being determined in the SAP with the FDA. We talked a little bit about it will be a review decision, which is great. That's okay.
I think people are very confident in the results we see thus far. But we think We get past that 2 year mark in around the fall of next year for almost all of the patients and we think we can have an invaluable package that early. So we'll have between 2 5 years on those patients.
Thanks. Appreciate that. And then the last question on the same program. In regards to the brain MRI data you recently shared, were there any other measurements conducted at time points besides 24 months. And then just looking across these three patients in good detail now that you have some neurocognitive findings, biomarkers And this data as well.
Could you talk about how all of these endpoints are correlating with each other?
Yes, sure. I'm going to turn that back over to Juan because he can do a better justice for that than I can. Juan, do you want to take that one, please? Thanks.
Yes. Thank you, Vincent. And this is a very important question. Yes, indeed, we see a very good correlation between the biomarker data, so in a sustained decrease 2 years after treatment in CSF cabiral sulfate. Brain MRI data, where we see that compared to the brain atrophy that is progressing in children without treatment, The Fried Children for which we have 2 years follow-up have shown this increase in gray matter volume, amygdala volume And also corpus call on some volume.
To mention just 3 areas of the bank, there are no other rates showing the same areas. So We are deviating from the brain atrophy and loss of tissue In the trial, and this correlates with the cognitive evolution of these children that has shown over 2 years And in fact, 30 months 36 months in them because we have 2 years and a half and 3 years data have shown continuous gain in cognitive skills going beyond The ceiling of Celine Natural History and deviating clearly from what is expected according to Natural History data.
Thank you, Juan. Thanks, Kristen.
Thanks.
Thank you. And the next question is coming from Maury Raycroft from Jefferies. Maury, your line is live.
Hi, good morning, everyone. Congrats on the I'll start off sticking with the MPS IIIA program. So for the neurocog Time point, you mentioned both Bailey and Kauffman are used sequentially and it sounds like Kauffman is used after Bailey. So I'm just wondering if you could talk more about this and the timing? And then separately, can you provide specifics on how the two endpoints will be weighted in FDA's review?
I guess, will a patient have to improve on both measures or one or the other in order to succeed?
Hey, Maury, how are you doing? Good questions. I'm going to turn it over to Vish I'll have him answer. The short answer on the second is no, they're not like co primary endpoints, they're used in tandem. But Vish, maybe you can walk the group through How Bailey and Kauffman kind of work together, when the handoff occurs and it will be really one seamless test and not co primary in any way.
Please go ahead, Vish.
Sure. Thanks, Michael, and thanks Marie for the question. Just to clarify, Bayley and Kauffman are used sequentially as you pointed out correctly and not in Combination. Bailey is used in children until they reach the upper limit of the scale at about 42 months of the development age. And after that upper limit is reached for Baileys, then Kauffman will replace Baileys to continue the evaluation of children.
So in the natural history studies in MPS IIIA to It's important to note that Kauffman was not implemented mainly because the children never achieved a cognitive age close to that 42 month of development age And that option limit observed was about 30 to 31 months. So in transfer A, however, we are already collecting data with Kaufmann as children are That 42 month cognitive age time point, which is something that's very interesting and we will continue to follows. So the short answer is they are not going to be combined. They will be measured sequentially. I hope that clarifies, Marie, your question.
Yes.
Yes, it's really helpful. And so it sounds like any data that you get on Kauffman, there's probably not much natural history data Compared to and so any data you get on Kauffman will be important and kind of like a bonus for FDA's review. Is that
That's correct. That's correct. There's not very much natural history data for Kauffman. It will be descriptive for us.
Got it. Okay. Thank you. And then the other question was on EB-one hundred and one. And so you said you dosed more than half For the target 35 wounds in 5 patients.
And so just wondering if there's anything you can say about the types of wounds you're seeing, how they compare to the Phase onetwo And then you've mentioned potential to complete enrollment in 2021. At this point, can you put any more, I guess, finer points or clarity on timelines?
Yes, Maury. Thank you. I'll take that. It's Michael. 1st and foremost, yes, past the halfway point on wounds, large and chronic wounds.
Remember guys, Different types of EB out there. Just a quick reminder, RDEB is the worst unfortunately the worst prognosis of all EB right now, morbidity and mortality. The 2 different types of wounds that occur within RDEB are kind of, if you will, earlier in the chronology of the disease, small clustering recurrent wounds, think about a patch Blisters that opens close, open and close. Some of the other life sciences companies are concentrating on such wounds. So we think that's great.
We think that'll Super complementary and we're ruling very hard for patients and our partner companies out there. And then where EB-one hundred and one kicks in, ABO and his work has been focused more, if you will, On kind of that last line of defense, the other half of the RDEB wounds, which is when those wounds are no longer recurrent small open close cluster, They just become one continuous chronic wound. Definition of large in the trial, 20 centimeters or greater. I'll remind everybody, we have entire legs, Size entire backs, hundreds of centimeters of wounds at times. And chronic, this is an important term.
Chronic means the wound has now been open for 6 months or longer and can no longer close itself. That's where you need the regeneration of skin that we're obviously doing with the keratinocytes for EB-one hundred and one and the surgical transplantation. So those are the wounds that we are focusing on in VITAL and the RDEB trial. I think, Maury, what I could tell you, obviously, it's an ongoing pivotal. So we're not looking at data along the way.
I could tell you that feedback has been positive. I think what we're trying to replicate and I think the consistency I'll be looking for here is what we see from the Phase III. I'll remind everybody, we just showed you Durability data of almost 6 years. So this is really important, right? We know it's not a topical gel.
We know there's you got to take So biopsies from patients, you got to make these graphs and you got to put them on. And the reality for this drug product is it's got to be worth it. And we believe the key here is in the worst of the worst wounds that lead to ultimate morbidity and mortality, the durability will be super important. So, Moriah, that's what we're looking for. Can't talk to you too much about results, safety and efficacy because we are in Pivotal.
The second part of that, Maury, for Eby was I'm sorry, remind me the second part of that question.
Just based on if you have more clarity on timing at this
point, you've
already got 30 or greater than half
Yes. Thanks, Maury. So far, we're not changing our kind of I always said it was we said the terms it wasn't guidance, but a bold goal we're putting for the team. Frankly, I joke, but because the patients really need us. So we're not changing our push to try to hit accrual by the end of this year.
We're still on that. It is a bold goal. We truly don't know what the run rate will be monthly now that UMass is onboarding, Maury, right? So really important. We treated patient 5.
We've got some candidates in the queue here. I won't say anything about the next patient just yet. It's a little premature. But now we've got 2 sites on the East and West Coast. So we've got to see how that plays out.
We can treat up to 2 patients a month in our facility right now, While we're still in clindev stage before we turn on kind of commercial manufacturing size. So that's really important to know. So right now, we're still holding to our bold goal of end of the year. Later this year, probably on our next call, Maura, I can give you a better idea if it might spill into Q1 at all to get to our accrual, Because it is tough to predict when patients kind of come into queue for the trial. But we're very, very pleased with what we're seeing.
We think we're getting past the halfway point is very important. And now we've got 2 sites. If you just think about it, that could expedite and we could double the amount of volume, I think we could be getting toward the end really close. Just a reminder to the group, once we accrue, why that's so important is from the last patient plus 6 months, that will be when we have top line data to say if it's a positive pivotal Phase 3 at that point in time. So if we accrue at the end of this year, we're looking for positive top line results mid next year, Maury.
Great. That's really helpful. Thanks for taking my questions.
Thank you.
Thank you. And the next question is coming from Mani Foroohar from SVB Leerink. Mani, your line is live.
Hey, guys. Thanks for taking the question. I I'm
going to ask a little more of a
practical commercial one. We talk a lot about capacity and manufacturing as if it's number of patients, but I want to narrow in on more of Volume I guess, an area question. When you're talking about large wounds, you're talking about sometimes from scale, as you said, the entire backs, large parts of the chest, You have very high percentage of body surface area. Can you help scale for us the absolute area Of graft, you could manufacture on an annualized basis and how to think about that as some of these patients may require tremendous volumes of graft with implications for per patient costs, per patient required manufacturing volume, etcetera.
Yes, Mike. Good question and thanks. Good to hear your voice. I'll take that one. So it's a great question.
The practical now really the The fact of having practical conversations is good news, right? As we get closer to patients, that's a really important point. So let's talk about that a little bit. Let me remind you what one product of EB-one hundred and one is. They are 6 sheets.
One product is 6 40 centimeters squared, A little bit bigger than maybe the largest business card you've seen. 40 centimeters squared sheets times 6 for 240 centimeters will be what one product delivery is, one product transplantation. I'll remind you how we got there. True empiricism, guys, That was how it was done at Stanford. And when we spoke to the FDA before starting the trial, of course, this is an investigational therapy.
So it's not something that the FDA felt comfortable going even beyond that, go head to toe or double the size of the graphs. We truly follow the empiricism of what started at Stanford. So there's no perfect science for that. Of course, our process development teams are looking at what's the next product follow on, how do we enhance that. But what I will tell you is, if you look at the EB-one hundred and one typical patient as we kind of thought about our forecasting and the capacities we're going to need, About 50% of their wounds, so think about 2000 to 2,500 patients a year with RDEB in the U.
S. Specifically. It's not a concentrated disease, so you'd see similar for example, you could expect similar in the EU5 and so on. So it's diffused across the world. But If you just think about 2,200 patients with RDEB, about 50% of their wound burden at any given time is large chronic wounds.
The other 50% are small recurrent. Now again, do we think that small recurrent could be addressed? That's some Phase 4 work we'll do with EB-one hundred and one. First things first, we wanted to be the line of defense for the most problematic and troublesome wounds. That's the positioning of EB-one hundred and one product durability in the worst of the worst wounds.
So if you look at the RDEB wound distribution of about 50% in these patients at any given time, there's also a range of different afflicted wound surface area, Imani, on these patients. And the best published literature shows about 30% of the body surface area afflicted with wounds at any given time. So think about half of that being large and chronic. So if you do the math on that, at 240 centimeters squared, this will be a repeat treatment. Very important to understand, this will be a therapy that you're looking at probably a median of 4 over a lifetime to treat the entire wound surface area of large on the median EB-one hundred and one RDEB patient.
Okay. So I kind of walked you through some numbers there. You're thinking about 3 to 4, a little more than 3, about 4 administrations over the lifetime. So you can imagine, maybe there's 1 or 2 procedures a year, let's say 2 years in, You've had your 3 or 4 procedures and you've now covered that full body surface area. We think that's super important because we're improving this drug on improvement in Quality of life when you really think about pain and the ability to close wounds.
Mortality is something that we'll We have to look at long term as we follow these patients in a long term follow-up, how much body surface area do you need to close for how long. And so our goal here is to get All of the large chronic wounds and then some of our Phase 4 work, follow on work will focus on maybe the small recurrent wounds. Okay? So, Mani, hope that gives you a little bit of a depiction.
Thanks. That's really helpful.
Thank you. There are no more questions in queue. I will hand the call back to the management team for any closing remarks.
Well, Paul, operator, I thank you for your help today. I thank our investment community. Without your interest, without you guys writing the analyses, without your investments, we would not be able to bring these potentially and hopefully life saving therapies to these patients. I want to thank the patients and families. And as always, I want to thank my team.
I think the Abeona team Has really shown a lot of progress over the last 9 plus months that I've been with them. And I'm very privileged to be part of this group. I think we're doing a lot with a small mighty group of people. We're continuing to bring talent in and we'll continue to talk to you about Our 3 management team priorities, talent, operational excellence and then, of course, 1st and foremost, in our in clinic programs, 2 of which now we're in pivotal and we're looking intended to bring to registration. We could have a valuable packages as early as next year for both and patients really, really need that.
So we'll keep you up to date on that. And then again, super progress that's been made in Brian's domain and LENIS' domain and research on the VISH and bringing really prioritizing first our core preclinical programs, the eye, and moving them closer to the clinic. So I thank the teams and the patients for all the work. I thank the investment community for their interest. And I know I'll speak to somebody in follow-up.
So again, thank you. Please be safe, everybody.
Thank you, ladies and gentlemen. This does conclude today's conference call. You may disconnect your phone lines at this time and have a wonderful day. Thank you for your participation.