Ocugen Inc Stock Price, News & Analysis

Ocugen announced a positive DSMB review for its Phase 1/2 ArMaDa clinical trial of OCU410, a gene therapy for geographic atrophy in dry age-related macular degeneration. The trial showed safety and tolerability in low and medium doses, with no serious adverse events. The DSMB approved simultaneous enrollment in the high-dose cohort and Phase 2 initiation. OCU410 aims to provide a long-term benefit with a single subretinal injection, addressing multiple pathways of dAMD. The trial involves a dose-ranging Phase 1 and a randomized, blinded Phase 2 study.

Ocugen will present at the 2024 BIO International Convention in San Diego, CA, from June 3-6, 2024. The company aims to explore partnerships and showcase advancements in their gene and cell therapy platforms. Key highlights include the OCU400 Phase 3 trial for retinitis pigmentosa, OCU410 Phase 1/2 trials for geographical atrophy and Stargardt disease, and the Phase 3-ready NeoCart® for cartilage repair. Ocugen recently completed a state-of-the-art gene therapy manufacturing facility. Dr. Shankar Musunuri, CEO, will present on June 3 at 2:15 p.m. PT.

Ocugen (NASDAQ: OCGN), a biotechnology company, will join the Russell 3000® Index, effective June 28, 2024, as per FTSE Russell's preliminary reconstruction. This inclusion highlights Ocugen's strong pipeline of gene and cell therapies, including the Phase 3 liMeliGhT trial of OCU400 for retinitis pigmentosa. The Russell 3000® Index tracks the performance of the largest 3,000 U.S. companies. Ocugen's addition could enhance its visibility among investors and broaden its shareholder base.

The Russell 3000® Index represents approximately 96% of the U.S. equity market and serves as a benchmark for $10.5 trillion in assets. Ocugen aims to leverage this inclusion to boost long-term shareholder value.

Ocugen announced that its Chief Scientific Officer, Arun Upadhyay, PhD, will present at the International Society for Cell & Gene Therapy's 2024 Annual Meeting in Vancouver, Canada. The presentation will focus on OCU400, a modifier gene therapy for retinitis pigmentosa (RP) and Leber congenital amaurosis (LCA), targeting over 100 genetic mutations. The presentation will discuss safety and efficacy data from a Phase 1/2 clinical trial. The OCU400 Phase 3 liMeliGhT trial is progressing and aims for BLA and MAA approvals by 2026.

Ocugen has completed dosing in the second cohort of its Phase 1/2 GARDian clinical trial for the gene therapy OCU410ST, aimed at treating Stargardt disease. This milestone enables the company to advance to higher doses in the dose-escalation study. So far, six patients have been dosed, with three more to receive high doses in the final phase. The ongoing trial is crucial, as Stargardt disease lacks FDA-approved treatments, affecting around 100,000 people in the U.S. and Europe. Preliminary safety and efficacy data from Phase 1 will be shared soon, with a trial update expected in Q3 2024.

Ocugen (NASDAQ: OCGN) has reported its Q1 2024 financial results and provided a business update. The company is advancing its OCU400 gene therapy, with Phase 3 trials underway and aiming for 2026 BLA and MAA approvals. The gene therapy targets retinitis pigmentosa (RP), a condition affecting 300,000 people in the U.S. and Europe. Additionally, Ocugen is developing treatments for dAMD and Stargardt disease. Financially, Ocugen reported $26.4 million in cash and equivalents as of March 31, 2024, with a net loss per share of $0.05, an improvement from $0.08 in Q1 2023. Total operating expenses decreased from $18.5 million in Q1 2023 to $13.2 million in Q1 2024.

Ocugen, a biotechnology company, has announced the distribution of newly designated Series C Preferred Stock to holders of its common stock. Each outstanding share of common stock will receive one one-thousandth of a share of Series C Preferred Stock. The Series C Preferred Stock will vote together with the common stock on certain proposals and will have 1,000,000 votes per share. Shares not present at the shareholders meeting will be automatically redeemed with no voting power. The Series C Preferred Stock will be uncertificated and non-transferable except in connection with a transfer of common stock.

Ocugen, Inc. announced that its senior executives will present at two investor conferences in May 2024, highlighting the Company's gene and cell therapy clinical development progress, including the OCU400 Phase 3 clinical trial for retinitis pigmentosa. Dr. Shankar Musunuri and Dr. Huma Qamar will participate in the events.

Ocugen, Inc. will host a conference call on May 14, 2024, to discuss first quarter 2024 financial results and business updates. The company is focused on gene and cell therapies and vaccines. Attendees can join via dial-in numbers or webcast. A replay will be available on the investor site.