Ocugen Inc Stock Price, News & Analysis

Ocugen, Inc. (NASDAQ: OCGN) announced that Dr. Shankar Musunuri, CEO and Co-Founder, will present on strategic partnerships in gene therapy at the 4th Annual Gene Therapy for Rare Disorders Europe Conference from October 26-28, 2020. His presentation, titled “The Importance of Strategic Partnerships in Gene Therapy,” is scheduled for October 28 at 11:00 AM GMT. Ocugen focuses on transformative therapies for blindness, leveraging its modifier gene therapy platform to address multiple retinal diseases.

Ocugen, Inc. (NASDAQ: OCGN) announced a Management Fireside Chat on October 21, 2020, at 11 a.m. ET, hosted by Cantor Fitzgerald. The discussion will feature key management figures, including Dr. Shankar Musunuri and Sanjay Subramanian, focusing on their lead program OCU400 for retinal degeneration disorders. The management will share clinical outcomes published in Nature Gene Therapy and updates on upcoming clinical trials. Cantor Fitzgerald has initiated coverage of Ocugen with an 'Overweight' rating and a $1.00 price target, highlighting the potential of AAV-based gene therapies.

Ocugen has announced an agreement with Kemwell Biopharma to manufacture OCU200, its biologic candidate for treating severe sight-threatening diseases. The collaboration aims to ensure product consistency for IND-enabling toxicology studies and Phase 1/2a clinical trials, targeting a clinic entry by 1H 2022. OCU200 addresses retinal diseases affecting over 9.5 million U.S. patients, with a unique mechanism compared to traditional therapies. This partnership is expected to facilitate the development of new treatments for patients who do not respond to existing therapies.

Ocugen, a biopharmaceutical company, will present at the Oppenheimer Fall Healthcare Life Sciences & MedTech Summit on September 21, 2020, at 1:40 PM ET. Dr. Shankar Musunuri, CEO, will discuss the company’s innovative gene therapy platform and its lead product candidate, OCU400, aimed at treating retinitis pigmentosa. OCU400 recently received its fourth FDA orphan drug designation. The conference runs from September 21-23. For more details, visit www.ocugen.com.

Ocugen (NASDAQ: OCGN) announced it has been granted an additional 180-day compliance period by Nasdaq to meet the minimum bid price of $1.00 per share. This extension lasts until March 8, 2021, after the company failed to comply during the initial grace period. If the company's stock price closes at or above $1.00 for 10 consecutive days within this timeframe, compliance will be regained. Should it fail again, Ocugen may face delisting, although it can appeal the decision. The current notice does not affect the stock's trading status.

Ocugen (NASDAQ: OCGN) announced its participation in the LD 500 Virtual Investor Conference on September 4, 2020, at 11 a.m. ET. CFO Sanjay Subramanian will discuss the company's breakthrough gene therapy platform and lead product candidate, OCU400, designed to treat various forms of retinitis pigmentosa. This candidate has recently received its fourth FDA orphan drug designation. The conference runs from September 1-4, featuring key players from the micro-cap sector.

Ocugen, Inc. (NASDAQ: OCGN) reported its Q2 2020 financial results, highlighting significant advancements in its gene therapy pipeline aimed at curing blindness. The company received two additional Orphan Drug Designations for its OCU400 program, making a total of four ODDs to target specific retinal degenerations. Despite the ongoing pandemic, Ocugen is on track to enter clinical trials next year. The company secured $15.4 million in funding, increasing its cash runway, although it reported a net loss of $3.6 million for the quarter, compared to a loss of $3.5 million in Q2 2019.

Ocugen, Inc. (NASDAQ: OCGN) announced it will host a conference call on August 14, 2020, at 8:30 a.m. to discuss its Q2 2020 financial results and provide a business update. The company will release earnings pre-market the same day. Investors can participate via phone or webcast, accessible on the Ocugen website. The firm focuses on developing therapies for blindness diseases, leveraging a modifier gene therapy platform aimed at treating multiple retinal conditions with a single drug.

Ocugen, Inc. (NASDAQ: OCGN) announced that the FDA has granted a third Orphan Drug Designation (ODD) for its gene therapy product OCU400, aimed at treating RHO mutation-associated retinal degeneration, a disorder affecting approximately 12% of Retinitis Pigmentosa patients in the U.S. OCU400 utilizes a functional copy of the NR2E3 gene to potentially restore retinal function across various inherited retinal diseases. This designation qualifies Ocugen for specific development incentives and reinforces the potential for OCU400 to serve multiple patients suffering from blindness-related conditions.