Ocugen Inc Stock Price, News & Analysis

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.

Ocugen, a biotechnology company, announced Dr. Arun Upadhyay, CSO, will present at the Retina World Congress on modifier gene therapy. The company's abstract on gene therapy for retinitis pigmentosa has been accepted. Their Phase 3 clinical trial for OCU400 is progressing towards BLA and MAA approval by 2026.