Ocugen Inc Stock Price, News & Analysis

Ocugen (NASDAQ: OCGN) announced that Dr. Shankar Musunuri, Chairman, CEO, and Co-Founder, will present at NobleCon20 – Noble Capital Markets' 20th Annual Emerging Growth Equity Conference. The presentation is scheduled for December 3, 2024, at 1:30 p.m. ET at Florida Atlantic University in Boca Raton, FL.

The event will feature a presentation and moderated Q&A session, where Dr. Musunuri will provide updates on Ocugen's clinical programs. The company's executive team will also conduct one-on-one meetings with investors to discuss their business and clinical development strategy for their modifier gene therapy platform.

A video webcast will be available the following day on Ocugen's website, Noble Capital Markets' Conference website, and Channelchek, remaining accessible for 90 days.

Ocugen announced that the European Medicines Agency (EMA) has granted orphan medicinal product designation for OCU410ST to treat ABCA4-associated retinopathies including Stargardt disease. The designation offers benefits including protocol assistance, reduced fees, research grants, and 10 years of market exclusivity. Phase 1 dosing of the Phase 1/2 OCU410ST GARDian trial is complete, with the DSMB recommending progression to Phase 2. Preliminary data showed an 84% reduction in atrophic lesion growth in treated eyes versus untreated eyes. The treatment targets approximately 100,000 patients in the U.S. and Europe combined. OCU410ST previously received FDA orphan drug designation in April 2023.

Ocugen (NASDAQ: OCGN) announced positive preliminary data from Phase 1 of its OCU410 ArMaDa clinical trial for geographic atrophy (GA). The trial evaluated nine patients across three dose cohorts, with the low-dose group showing 21.4% slower lesion growth compared to untreated eyes. The treatment demonstrated preservation of retinal tissue and improved visual function through low luminance visual acuity (LLVA) tests. OCU410 aims to be a single-dose treatment, potentially offering advantages over current treatments that require multiple injections. The condition affects approximately three million people in the US and Europe combined, with treatment options currently available.

Ocugen reported its Q3 2024 financial results and business updates. The company secured $30 million in debt financing and $35 million in equity financing, extending cash runway into Q1 2026. Their lead gene therapy program OCU400 for retinitis pigmentosa continues Phase 3 enrollment, with expansion into Canada. OCU410 is advancing in Phase 2 trials for geographic atrophy, while OCU410ST received DSMB approval for Phase 2 progression. Total operating expenses were $14.4 million for Q3 2024, compared to $16.1 million in Q3 2023. Cash position stood at $39.0 million as of September 30, 2024.

Ocugen has secured a new $30 million credit facility from Avenue Venture Opportunities Fund. The 4-year facility, fully funded at closing, will support general corporate purposes, capital expenditures, and working capital needs. The funding will primarily support clinical development of three first-in-class modifier gene therapies, including the completion of the OCU400 Phase 3 liMeliGhT clinical trial and preparation for BLA and MAA submissions. With this financing and current cash reserves, Ocugen's cash runway extends into Q1 2026.

Ocugen (NASDAQ: OCGN) announced an upcoming Clinical Showcase on November 12, 2024, at Nasdaq MarketSite in New York City. The event will highlight progress in their gene therapy clinical trials, including updates on the Phase 3 liMeliGhT trial for retinitis pigmentosa, preliminary data from the Phase 1/2 OCU410 ArMaDa trial for geographic atrophy, and progress on the Phase 1/2 OCU410ST GARDian study for Stargardt disease. The showcase will feature company executives, study investigators, and patient participants. Additionally, information about OCU200, a biologic candidate for diabetic macular edema entering Phase 1 trials, will be presented.

Ocugen, Inc. (NASDAQ: OCGN) announced that the Data and Safety Monitoring Board (DSMB) has approved enrollment for the second phase of the Phase 1/2 clinical trial for OCU410ST, a novel modifier gene therapy candidate for Stargardt disease. The DSMB determined the high dose of OCU410ST to be the maximum tolerated dose, with no serious adverse events reported. The trial will proceed to Phase 2 using high and medium doses.

The first phase enrolled nine patients receiving low, medium, or high doses of OCU410ST via subretinal injection. Dr. Charles Wykoff, a lead study investigator, noted that OCU410ST appears to be safe and well-tolerated. Ocugen's Chief Medical Officer, Dr. Huma Qamar, expressed enthusiasm about OCU410ST's potential to be the first one-time novel modifier gene therapy for Stargardt disease, addressing an unmet medical need for an estimated 100,000 patients in the U.S. and Europe.

Ocugen (NASDAQ: OCGN), a biotechnology company focused on gene and cell therapies, biologics, and vaccines, has announced a conference call and live webcast scheduled for November 8, 2024, at 8:30 a.m. ET. The event will cover the company's third quarter 2024 financial results and provide a business update.

Ocugen will release a pre-market earnings announcement on the same day. Participants can join the call using the following details:

• U.S. callers: (800) 715-9871
• International callers: (646) 307-1963
• Conference ID: 9923172

A webcast will be available on the events section of the Ocugen investor site. A replay of the call and archived webcast will be accessible for approximately 45 days after the event.

Ocugen, a biotechnology company focused on gene and cell therapies, biologics, and vaccines, announced its participation in the 2024 Maxim Healthcare Virtual Summit. Dr. Shankar Musunuri, Chairman, CEO, and Co-founder of Ocugen, will join a panel discussion on Ocular Drug Development on Tuesday, October 15, 2024, from 11 a.m. to noon EDT.

The panel will explore advancements in vision enhancement, disease modification, and vision restoration. Dr. Musunuri expressed excitement about introducing Ocugen's first-in-class modifier gene therapy platform to investors. The summit, presented by Maxim Group , will feature presentations and discussions with CEOs and key management from various healthcare companies, along with industry panels. The event is exclusive to M-Vest members and will take place from October 15 to October 17, 2024.