Ocugen Inc Stock Price, News & Analysis

Ocugen has submitted an Investigational New Drug (IND) application to the FDA to evaluate its COVID-19 vaccine candidate, COVAXIN™, based on the efficacy trial in India. This Phase 3 study is designed to assess the immune response in U.S. participants against the data collected in India. With over 25,000 participants in the Indian trial, COVAXIN™ showed 93.4% efficacy against severe COVID-19 and 77.8% against symptomatic disease. The study aims to enroll several hundred U.S. adults and to compare immunogenicity and safety data, targeting completion in H1 2022.

Ocugen, Inc. (OCGN) announced that its R&D head, Arun Upadhyay, PhD, will present pre-clinical data on OCU410, a modifier gene therapy candidate for Dry Age-related Macular Degeneration (Dry AMD), at the 2nd Annual Dry AMD Therapeutic Development conference on October 20, 2021. OCU410 targets the RORA receptor, which plays a crucial role in several physiological functions affecting Dry AMD, a condition impacting approximately 196 million people worldwide. The therapy is expected to enter clinical trials in 2022, following a collaboration with CanSinoBIO for its development.

Ocugen (NASDAQ: OCGN) announced the approval of stock options for 48,800 shares and restricted stock units (RSUs) covering 8,200 shares to three new employees as of October 16, 2021. The stock options, with a ten-year term, have an exercise price of $8.66 per share, equal to the closing stock price on the grant date. The options and RSUs will vest annually over three years, contingent on continued employment. This grant is made under Nasdaq Listing Rule 5635(c)(4) as a material inducement to employment.

Ocugen, a biopharmaceutical company (NASDAQ: OCGN), announced that CEO Dr. Shankar Musunuri will present at the 2021 Cantor Virtual Global Healthcare Conference on September 28, 2021, at 8 a.m. ET. He will discuss the company’s investigational COVID-19 vaccine COVAXIN™, co-developed with Bharat Biotech, and its innovative modifier gene therapy platform aimed at treating retinal diseases. The presentation will be accessible live and later on Ocugen's Investor Relations page.

On September 16, 2021, Ocugen approved the grant of stock options for 137,250 shares and restricted stock units (RSUs) for 23,000 shares to seven employees as inducements for employment. The stock options have a ten-year term with an exercise price of $7.54, set at the common stock's closing price on the grant date. Both the stock options and RSUs vest over three years, contingent on the employees' continued service. These grants are in accordance with Nasdaq Listing Rule 5635(c)(4) and were issued outside of Ocugen's 2019 Equity Incentive Plan.

Ocugen, a biopharmaceutical company (NASDAQ: OCGN), announced its participation in upcoming investor conferences: Citi’s 16th Annual BioPharma Virtual Conference from September 8-10, 2021, and the H.C. Wainwright Global Investment Conference from September 13-15, 2021.

Dr. Shankar Musunuri will present at Citi's conference, while CFO Sanjay Subramanian will present at H.C. Wainwright. They will discuss the co-development of COVAXIN™, a COVID-19 vaccine, and advancements in Ocugen's gene therapy platform targeting retinal diseases.

Ocugen, Inc. (NASDAQ: OCGN) announced the approval of stock options for 84,000 shares and restricted stock units (RSUs) for 14,100 shares to five new employees. These options have a ten-year term with an exercise price of $7.06 per share, effective August 16, 2021. The vesting will occur in equal annual installments over three years. This grant was made as a material inducement for employment, aligning with Nasdaq listing regulations. Ocugen is engaged in developing gene therapies for blindness diseases and COVID-19 vaccine candidates.

Ocugen reports significant progress in its pipeline with the completion of its regulatory submission for COVAXIN™ to Health Canada and ongoing FDA discussions. The company achieved a $115.8 million cash position, up from $24.2 million at year-end 2020. Major financials include research and development expenses of $18.9 million driven by a $15 million payment to Bharat Biotech, and a net loss per share of $0.13. The organization also welcomed new senior management and expanded its workforce to support growth in clinical development and commercialization.

Ocugen, Inc. (NASDAQ: OCGN), a biopharmaceutical company, announced a conference call to discuss its Q2 2021 financial results and provide a business update on August 6, 2021, at 8:30 a.m. ET. A pre-market earnings announcement will precede the call. Investors can participate via dial-in or webcast. Ocugen focuses on developing gene therapies for blindness and a COVID-19 vaccine, notably co-developing the COVAXIN™ vaccine. The release highlights forward-looking statements and encourages reviewing risk factors in their SEC filings.