Welcome to our dedicated page for Ocugen news (Ticker: OCGN), a resource for investors and traders seeking the latest updates and insights on Ocugen stock.
Ocugen, Inc. (NASDAQ: OCGN) regularly issues news updates about its progress in gene therapies for blindness diseases, making its news flow particularly relevant for investors and observers of the ophthalmic biotechnology space. The company’s announcements often cover clinical trial milestones, licensing agreements, financing transactions, and participation in industry and investor conferences.
A major focus of Ocugen’s recent news has been its modifier gene therapy platform and associated programs. Updates include Phase 1, Phase 2, and Phase 2/3 data for investigational products such as OCU400 for retinitis pigmentosa, OCU410 for geographic atrophy secondary to dry age-related macular degeneration, and OCU410ST for Stargardt disease. Press releases describe safety and exploratory efficacy findings, such as lesion growth reduction and visual function outcomes, as well as plans for future regulatory submissions.
Ocugen’s news stream also highlights business development and capital markets activity. Examples include an exclusive license agreement with Kwangdong Pharmaceutical Co., Ltd. for OCU400 in the Republic of Korea, registered direct offerings of common stock and warrants, and updates on cash runway and financial results. In addition, the company frequently announces webcasts and conference calls to discuss quarterly results, business updates, and key clinical data readouts.
Another recurring theme in Ocugen’s news is its presence at healthcare and investor conferences, such as the J.P. Morgan Healthcare Conference, NobleCon, and rare disease–focused events. These items outline presentation topics, panel participation, and the company’s messaging around its goal of advancing multiple Biologics License Application (BLA) filings within a defined timeframe.
Investors and followers of OCGN news can use this page to monitor clinical trial progress, licensing developments, financing events, and strategic communications as Ocugen advances its gene therapy programs for major retinal diseases.
Ocugen reported promising updates regarding its COVID-19 vaccine COVAXIN and its ophthalmology pipeline. COVAXIN showed 100% efficacy against severe COVID-19 and a 78% overall efficacy in trials. The company raised $100 million through a direct stock offering, strengthening its financial position. Key talent was recruited to enhance manufacturing capabilities for COVAXIN. As of March 31, 2021, Ocugen's cash totaled $44.9 million, while R&D expenses increased to $2.9 million. A conference call is scheduled for today to discuss these results.
Ocugen has presented promising pre-clinical data for OCU200, a transferrin-tumstatin fusion protein, targeting ocular neovascular diseases such as Diabetic Macular Edema (DME), Diabetic Retinopathy (DR), and Wet-AMD. The study shows OCU200's efficacy in reducing retinal damage and neovascularization, demonstrating comparable activity to aflibercept in animal models. Key findings include a 68% reduction in avascular areas and significant reduction in neovascular tufts. The data was presented at the ARVO 2021 Annual Meeting.
Ocugen, Inc. (NASDAQ: OCGN), a biopharmaceutical firm, announced it will host a conference call on May 7, 2021, at 8:30 a.m. ET to discuss first-quarter 2021 financial results and provide a business update. A pre-market earnings announcement will precede the call. The company focuses on gene therapies for blindness and co-developing Bharat Biotech's COVAXIN™ COVID-19 vaccine for the U.S. market. Investors can access the call via dial-in or webcast, which will be archived for 45 days.
Ocugen (NASDAQ: OCGN) announced promising results for its COVID-19 vaccine candidate, COVAXIN. A study by the Indian Council of Medical Research revealed COVAXIN's efficacy against multiple SARS-CoV-2 variants, including the Brazil variant (B.1.128.2) and the double mutant variant (B.1.617). COVAXIN demonstrated 78% overall efficacy and 100% efficacy against severe COVID-19. The company is preparing an Emergency Use Authorization application with the FDA and highlighted the vaccine's strong immune response and safety profile.
Ocugen, Inc. (Nasdaq: OCGN) has completed a registered direct offering, selling 10 million shares at $10 per share, raising approximately $100 million before expenses. The offering, facilitated by H.C. Wainwright & Co., aims to fund general corporate expenses and working capital. The shares were registered under an automatic shelf registration statement. This strategic move positions Ocugen to further its mission in gene therapies for blindness and COVID-19 vaccine development, highlighting its commitment to innovation in biopharmaceuticals.
Ocugen announced a registered direct offering of 10 million shares of common stock at $10 per share, aiming for $100 million in gross proceeds. The offering, managed by H.C. Wainwright & Co., is expected to close around April 27, 2021. Ocugen plans to use the funds for general corporate purposes, capital expenditures, and working capital. The shares will be offered under an effective shelf registration statement filed with the SEC.
Ocugen (NASDAQ: OCGN) announced promising results from Bharat Biotech's Phase 3 trial of COVAXIN, indicating a vaccine efficacy of 78% against COVID-19 after two doses. Notably, it showcased 100% efficacy against severe COVID-19 cases and 70% efficacy against asymptomatic infections. The trial involved 25,800 participants, with recent data reflecting 127 symptomatic cases leading to these positive outcomes. COVAXIN has already been administered to millions in India, underlining its critical role in pandemic control.
Ocugen (NASDAQ: OCGN) announced the appointment of John Paul (J.P.) Gabriel as Senior Vice President of Manufacturing and Supply Chain. With over 25 years of experience, Gabriel has held key roles in leading biopharmaceutical companies, including Sanofi Pasteur and Pfizer Vaccines. His expertise will be vital in facilitating the U.S. manufacturing of COVAXIN, a COVID-19 vaccine candidate co-developed by Ocugen. Gabriel is expected to contribute significantly to the technology transfer from Bharat Biotech, enhancing Ocugen's capabilities in the vaccine sector.
Ocugen (NASDAQ: OCGN) announced its participation in a virtual Fireside Chat on March 31, 2021, with Cantor Fitzgerald. CEO Dr. Shankar Musunuri will discuss COVAXIN, a COVID-19 vaccine developed in collaboration with Bharat Biotech, highlighting safety and efficacy data, differences from mRNA vaccines, and pandemic conditions. The presentation aims to identify opportunities for COVAXIN in the U.S., where Ocugen expects to earn 45% of profits from sales.
Ocugen reports a productive year in 2020 with financial results indicating a net loss per share of $0.31, improving from a loss of $1.46 in 2019. The company has made significant strides in developing its COVID-19 vaccine candidate, COVAXIN™, which demonstrated 81% efficacy in Phase 3 trials. Ocugen is pursuing Emergency Use Authorization in the U.S. and has entered a co-development agreement with Bharat Biotech. Additionally, the EC granted orphan medicinal product designation for OCU400, signaling potential in treating retinal diseases. Cash reserves stand at approximately $46.6 million as of February 2021.
FAQ
What is the current stock price of Ocugen (OCGN)?
What is the market cap of Ocugen (OCGN)?
