Abeona Therapeutics raises $8.5 million from existing investors, board members

Story excerpt provided by Crain’s Cleveland Business.

Written by Chuck Soder.

George Soros is doubling down on Abeona Therapeutics.

The Cleveland company — which is developing treatments designed to reverse rare genetic diseases — just raised $8.5 million from a few of its existing investors and board members.

One of them is Soros Fund Management, a fund founded by the iconic billionaire. Abeona also raised cash from Perceptive Life Science Fund and two of its board members.

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Originally published July 28, 2015.