The firm's modifier gene therapy platform is engaged in addressing retinal diseases, including retinitis pigmentosa, leber congenital amaurosis, and dry age-related macular degeneration. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Theres an opportunity here. Events - Ocugen Shares of Ocugen (OCGN 4.03%) were crashing 19.2% lower as of 11:23 a.m. This is most likely a result of the stocks meteoric rise and analysts inability to turnaround new price targets so quickly. Source: Chart courtesy of StockCharts.com. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. The Ocugen deal is a way to salvage some limited value. As of 1:37 p.m. EST, the biopharmaceutical company's stock price was down more than 15%.. Do not expect a recovery in Ocugen stock. It means that raising capital will be more difficult going forward. The simplest thing to do is to hang onto the stock and hope that it recovers sooner or later (which is a possibility). Shares fell 72% on the news, and kept falling after Histogenics decided to suspend development of the product in December 2018. Custom BMW #youtube #moto #motorcycle #bike #youtubeshorts #shorts Typically, I care little about financials with biotechs. The worst news was that another late-stage clinical study will likely be required to support the regulatory filing. CanSinoBio is a legitimate player in the industry; the companys market cap is near $2 billion after a nice rally in recent weeks. Related Link: If You Invested $1,000 In Moderna Stock One Year Ago, Here's How Much You'd Have Now. Even though Ocugen did raise $25 million in a private placement, the story behind OCU300 clearly was not enough to support an initial public offering on its own. The Motley Fool->. In fact, $1,000 in Ocugen stock bought on Aug. 9, 2020, would be worth about $15,100 today. However, an EUA in India doesn't mean that Covaxin is a slam dunk to win EUA in the U.S., as well. The short answer is: everything. Almost all the headlines about Ocugen in the past year have been about the companys COVID-19 vaccine candidate. Covaxin doesn't have an advantage in terms of dosing compared to these leading vaccines. From a broader perspective, the risk is the same as it is across biotech: most candidates fail. For now, the biggest near-term hope for Covaxin may be that Canada or another developed economy will buy the vaccine to share with developing nations. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. But any success they find will be without me as a shareholder. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. It brings in no revenue. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. It has real products. After encouraging preliminary results, Ocugen began trying to sell 100 million doses of the vaccine in February. There's no way, however, to know what the COVID-19 vaccine market dynamics will be two years from now. All rights reserved. All rights reserved. Other than an emphasis on cell therapies, the companies had almost nothing in common. Ocugen has responded to Health Canada regarding deficiencies identified with its regulatory filing for Covaxin. OCGN Ocugen Inc 155,223 $0.9721 $0.0263 (2.63%) If they have solid financials, but their trials continually fail, they will likely not succeed. The average Ocugen stock price for the last 52 weeks is 2.10. Pricing likely would be favorable, given the lack of alternative treatments. Custom BMW. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their investment. With No Revenue or Approved Treatments, Ocugen Stock Is a Clear Sell Amryt Pharma releases Q-2 how to setup copy trading labrador gold stock that show strong revenue growth as The first split for NKE took place on October 08, Below, we'll pit these two dominant consumer-discretionary giants against each other, with an eye toward long-term . 2023 InvestorPlace Media, LLC. From the outside looking inward, it looks like a marriage of two people who got together simply because nobody else would take them. Objective investors could have clearly seen then that there actually were significant reasons to be concerned. Stock Price Forecast The 6 analysts offering 12-month price forecasts for Ocugen Inc have a median target of 4.75, with a high estimate of 8.00 and a low estimate of 3.00. Ocugen, Inc. is a biopharmaceutical company, which engages in the development and commercialization of therapies to cure eye diseases. UPDATE 1-Soccer-Traore on target as Wolves stun wasteful Spurs, Peruvian communities to resume blockade of crucial "mining corridor", One student loan forgiveness effort 'hasnt gotten the attention it deserves': expert, RPT-Death toll in strike on Ukraine's Zaporizhzhia rises to 11 - officials, Soccer-Traore on target as Wolves stun wasteful Spurs. Don't Get Greedy With Ocugen Stock, Says Analyst For now, though, what happens in India stays in India. Instead, this appears destined to join the long list of failed biotech startups. Histogenics shareholders then received about 14% of the company, according to the merger prospectus. In 2018, its NeoCart biologic failed to meet the primary endpoint of its own Phase III trial. Ocugen Inc First Quarter 2022 Financial Results and Recent Business Highlights 04/21/2022 Noble Capital Markets' Eighteenth Annual Investor Conference 03/14/2022 34th Annual ROTH Conference 02/25/2022 Ocugen, Inc. Q4 and Full Year 2021 Financial Results and Recent Business Highlights 01/10/2022 H.C. Wainwright Bioconnect Conference 12/22/2021 One thing seems certain, however:Ocugens fate as an investment is closely tied to the ultimate outcome of Covaxin. The company initiated its Phase 3 trial of OCU300 back in July 2018. Emergency Use . The Motley Fool has no position in any of the stocks mentioned. The company has no revenue, runs an annual deficit, and does not generate positive free cash flow. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. Ocugen stock jumps following positive Covid vaccine study results Some investors had set their hopes on the FDA being more lenient with pediatric use of Covaxin. ET on Friday. Theres even room for more lines. Investors appear to expect that Bharat's big win for Covaxin in India could translate to success for Ocugen in the U.S. On Dec. 22, Ocugen and Bharat announced a binding letter of intent to jointly develop Covaxin for the U.S. market. Now, with the stock trading near the 40-cent per share level, its prospects have taken a dramatic turn for the worse. Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 64.2% higher as of 11:35 a.m. EST on Monday. Ocugen came to the market via what was essentially a reverse merger with Histogenics Corporation, a deal that closed at the end of September. I will just say this on Ocugen: Theres a reason it trades for sub-$1 after hitting resistance near $180 in 2018. The odds of Ocugen stock winding up at zero are material. A $30 million market capitalization doesnt mean Ocugen has no chance. 1125 N. Charles St, Baltimore, MD 21201. With $3.2 million in cash vs. current liabilities of $3.3 million, Ocugen likely has enough cash on hand to cover its short-term obligations. It announced on Dec. 9 of last year 17 months later that it was 50% through enrollment. Ocugen announced in late Decemberit had signed a letter of intent to co-develop COVID-19 vaccine candidate Covaxin along with Indian pharmaceutical company Bharat Biotech. Healthy companies do not undergo 1-for-60 reverse stock splits like this one did in September 2019. Do Not Sell My Personal Information (CA Residents Only). The FDA told the company in June 2021 that it should instead follow the standard path to full approval of the vaccine in adults. The chances of anything more are small but the rewards could be huge. CanSinoBio will be able to fund much of the development of OCU300, Ocugens flagship product that targets oGVHD (ocular graft versus host disease), a common complication of bone marrow transplants. COVID-19 vaccines from Pfizer and Moderna are already on the market in the U.S. with efficacy levels of 94% or greater. I will concede this: The one great thing about the stock market is there is a style for everyone. Is Ocugen Stock Still Worth Buying After Its 800%-Plus Rally? Analyst Matt McCall and the InvestorPlace Research Staff, statistics support having long-term exposure, Click here to see what Matt has up his sleeve now, There Are So Many Stocks to Buy Ocugen Isnt One of Them. You can be a growth investor, futures trader, deep-value investor, a day trader, options player, or a dividend aficionado. Don't overlook another approach, especially if you're still sitting on a nice gain even after last week's major sell-off. Nor should one look forward to OCGN stock to becoming the next GW Pharmaceuticals (NASDAQ:GWPH) or Cara Therapeutics (NASDAQ:CARA). To find good ideas for coronavirus stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights. The agreement stipulates Ocugen will hold the vaccines U.S. rights, and the remaining details are expected to be finalized over the coming weeks. Ill be sticking to the stocks that are actually working. Some were undoubtedly anticipating a relatively quick EUA win for Covaxin followed by strong U.S. sales for the COVID-19 vaccine. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days later. That's right -- they think these 10 stocks are even better buys. Investors need to understand the risk profile here. Why Ocugen Stock Is Crashing Today | The Motley Fool - Nasdaq Those reverse splits generally are poorly received by the market, even if in theory they should have little to no practical impact on trading. As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
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