*Stock Advisor returns as of November 20, 2020. From the outside looking inward, it looks like a marriage of two people who got together simply because nobody else would take them. CEO Shankar Musunuri stated that he was "pleased to say" that Ocugen was in discussions with the FDA about the data it had submitted for the pediatric EUA. OCGN Stock Forecast 2022 and 2025: Is Ocugen Set to Explode? The stock had gained some traction after they announced the Ocugen merger in April. Thats why we give you a wide range of Options on stocks, indices, commodities and FX. The next key catalyst for the biotech stock could be the announcement of the details of the plan to win EUA for Covaxin in the U.S. market. CFO Sanjay Subramanian said that there was "the potential for near-term revenue," depending on the EUA. Ocugen. Companies will inevitably be optimistic about their prospects for success (at least publicly). In fact, the SPDR S&P 500 (NYSE:SPY) total return over the last 12 months is 34.2%. Sign up below to get this incredible offer! The Motley Fool has a disclosure policy. It's hard to say for sure. 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. If You Invested $1,000 In Ocugen Stock One Year Ago, Here's - Insider The first is that Ocugen is facing potential delisting from the NASDAQ given that its share price still sits well below $1. The company's product pipeline consists of OCU400, OCU300, OCU100 and OCU200 which are in clinical stage. Most biotech companies have intriguing stories on paper; Ocugen is no different. Invest better with The Motley Fool. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. This decision. After all, one cannot expect Ocugen stock to cure its ills when the company itself has fallen into critical condition. The worst news was that another late-stage clinical study will likely be required to support the regulatory filing. The statistics support having long-term exposure to this asset class. More importantly, the 5-star analyst added, COVAXIN also induces comparable levels of neutralizing antibodies to those in human convalescent serum," which, the analyst believes," bodes well for the success of the ongoing Phase 3 trial in India.. 7 Penny Stocks Poised for Explosive Growth in 2023, Ocugen Stock Is Not for the Faint of Heart. So, what goes wrong? You could sell some or all of your Ocugen shares and buy long-term call options on the stock. Ocugen ( NASDAQ: OCGN) has been one of the more polarizing story stocks of 2021. It has real management. Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 64.2% higher as of 11:35 a.m. EST on Monday. 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. All rights reserved. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff, 5 Penny Cryptos With the Most Potential for Growth. The vaccine reportedly has a 78% efficacy rate against COVID-19, significantly lower than leading vaccines granted FDA emergency authorization. Shares fell 72% on the news, and kept falling after Histogenics decided to suspend development of the product in December 2018. All rights reserved. If OCU300 is approved, theres a reasonably large market. Generally, financial analysts struggle with this sector because these equities rise and fall not on revenue or earnings, but the success of clinical trials. As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. All rights reserved. Maybe. Honestly, OCGN stock is unlikely to survive. As with many biotech stocks, the most likely outcome is for the company to fail, and for shareholders to wind up with zero. Until July 20, when OCGN stock jumped about 20%, shares were down 21% from the March low. The company was founded by Shankar Musunuri and Uday B. Kompella in 2013 and is headquartered in Malvern, PA. Ramakanth believes the broad immunity targeting different components of the virus could potentially provide better protection against emerging mutant viruses, such as the one currently circulating in the UK. With this in mind, in the Phase 1 study, COVAXIN has shown robust antibody responses against spike (S1) protein, receptor-binding domain (RBD) and the nucleocapsid (N) protein of SARS-CoV-2. The FDA gave a thumbs-down to Ocugen's EUA request for the pediatric use of Covaxin. Histogenics shareholders then received about 14% of the company, according to the merger prospectus. As of this writing, Matt did not hold a position in any of theaforementioned securities. Now, with the stock trading near the 40-cent per share level, its prospects have taken a dramatic turn for the worse. Just a few days ago, Ocugen (NASDAQ: OCGN) was flying high with shares up more than 460% year to date. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days later. Ocugen estimates the drug could have as many as 63,000 potential patients. With No Revenue or Approved Treatments, Ocugen Stock Is a - Insider OCU300 already has received an orphan drug designation from the U.S. Food & Drug Administration for oGVHD; there is no currently approved treatment in the U.S. 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. Still, Ocugens balance sheet isnt as dire as its share price might suggest. *ALL INFO ABOUT THE BIKE AND GEAR USED DOWN BELOW**If not listed it's left stock*BIKE: 2018, BMW R NINET SCRAMBLER.EXHAUST: Akrapovic Headers, Uni. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. The $25 million private placement executed before the merger brought in much-needed cash. After encouraging preliminary results, Ocugen began trying to sell 100 million doses of the vaccine in February. This is most likely a result of the stocks meteoric rise and analysts inability to turnaround new price targets so quickly. Moreover, Histogenics existed to treat orthopedic conditions, while Ocugen focused on rare eye diseases. Like other life sciences companies involved in Covid-19 vaccine. The Motley Fool has a disclosure policy. What should investors do now? In this case, shares rallied about four-fold in just a few days. At the time, Ocugen was left for dead. The potential synergies of such a union do not seem clear. But there is no question some big-name stocks performed better than others along the way. Unfortunately for longs, OCGN is much closer to the worst of conditions. It is very important to do your own analysis before making any investment. These options will be cheaper than owning the stock itself. Guys, theres no revenue here! Still, Ocugen investors who bought one year ago and held on have generated a huge return on their investment. That pathway will likely require the company to conduct further clinical testing of the vaccine in the U.S. Are there any other near-term catalysts for the biotech stock? Pricing likely would be favorable, given the lack of alternative treatments. 2023 InvestorPlace Media, LLC. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. quotes delayed at least 15 minutes, all others at least 20 minutes. What Is the Best EV Stock to Buy Now? This decision isn't surprising, considering that Ocugen previously abandoned the pursuit of an EUA path for the vaccine in adults. 1125 N. Charles St, Baltimore, MD 21201. This can prove to be a costly lesson to learn. The odds of Ocugen stock winding up at zero are material. Another alternative is to sell some or all of your Ocugen stock and invest the money elsewhere. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. There's no way, however, to know what the COVID-19 vaccine market dynamics will be two years from now. Over the next few weeks, Ocugen is expected to meet with the FDA to discuss how to advance COVAXINs development. The Motley Fool->. The chances of anything more are small but the rewards could be huge. Making the world smarter, happier, and richer. Do not expect a recovery in Ocugen stock. Ocugen completes $100M stock sale as it works with Bharat Biotech on The simplest thing to do is to hang onto the stock and hope that it recovers sooner or later (which is a possibility). Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Nasdaq But it does mean something. It peaked at a split-adjusted level of around $778 per share soon after its initial public offering in 2014. Nasdaq The content is intended to be used for informational purposes only. Like Pfizer's BNT162b2 and Moderna's mRNA-1273, it requires two doses. Bharat Biotech has a history of successful vaccine commercialization in South Asia. Ocugen, previously a private company, instituted a reverse merger, which they completed on Sep. 30. How long might it take for Ocugen to win full FDA approval for Covaxin? Importantly, neither Bharat nor Indian regulators revealed the efficacy of the vaccine. But just because a company does not have crippling debt doesnt mean its a buy. Even before that point, the most promising candidates generally can find funding. Biotechnology stocks like Ocugen (NASDAQ:OCGN) are among the markets riskiest plays. Ill be sticking to the stocks that are actually working. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Don't Get Greedy With Ocugen Stock, Says Analyst The Motley Fool has a disclosure policy. OCGN | Ocugen Inc. Stock Price & News - WSJ Ocugen Inc. OCGN (U.S.: Nasdaq) REAL TIME 12:30 PM EST 02/21/23 $0.9819USD -0.0981 -9.08% Volume 3,761,699 65 Day Avg Vol 5,026,332 1 Day Range. For example, after the FDA revised its guidelines for the EUA process for COVID-19 vaccines, Ocugen's CEO stated, "Since we have been in discussions with the FDA since late last year, we do not believe that the FDA's recently revised guidance regarding EUAs raises any concerns about our ability to submit the EUA for Covaxin as planned." Some of the names will rally big, putting together epic squeezes that can double or triple the stock prices in just a few days. Ocugen Stock Crashes: What Should Investors Do Now? *Stock Advisor returns as of June 7, 2021. But the sale of NeoCart appears to not yet have closed after its deadline was extended to allow Medavate to secure financing. Investors were hopeful that the small drugmaker would be able to win U.S. Maybe it pans out for Ocugen and I wish the team (and its investors) the best of luck. Copyright 2023 InvestorPlace Media, LLC. The company has no revenue, runs an annual deficit, and does not generate positive free cash flow. Looking ahead, analysts are skeptical Covaxin will provide the upside Ocugen bulls are expecting. Keith Speights has no position in any of the stocks mentioned. The all-time high Ocugen stock closing price was, The average Ocugen stock price for the last 52 weeks is. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days. Unfortunately, both the merger and the reverse split have failed to stem the decline of former Histogenics stock. Article printed from InvestorPlace Media, https://investorplace.com/2019/12/no-pathway-forward-for-ocugen-stock/. Ocugen has responded to Health Canada regarding deficiencies identified with its regulatory filing for Covaxin. The FDA's decision not to issue EUA really wasn't all that surprising, though. Shares declined 85% in three sessions around the closing of the merger, which also included a 1-for-60 reverse stock split. Names like Ocugen (NASDAQ:OCGN) arent trading for about 50 cents apiece by accident. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The market capitalization of Relmada Therapeutics (NASDAQ:RLMD) went from under $10 million at the end of 2017 to over $500 million at the moment. Objective investors could have clearly seen then that there actually were significant reasons to be concerned. Please check your download folder. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. Events - Ocugen 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 The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off. Concerns about the delta variant, the potential need for annual booster shots and the possibility of expanding the vaccines to children have investors hopeful that Covaxin will still eventually be a huge payoff for Ocugen. CanSinoBio will receive some of the profits, but Ocugen still would skyrocket with FDA approval and ensuing revenue and there are more products in the pipeline. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. However, sometimes the optimism isn't justified. Shares fell 72% on the news, and kept falling after Histogenics decided to suspend development of the product in December 2018. Realistically, Ocugen is probably looking at potential approval of Covaxin in mid-2023 at the earliest. The Motley Fool has no position in any of the stocks mentioned. How can we possibly evaluate a stock on a fundamental basis with that being reality? On June 10, though, Ocugen announced that the U.S. Food and Drug Administration (FDA) had effectively shut the door on an EUA filing. The company does not earn revenue, relying on grants, a dwindling cash position, and stock dilution to keep its doors open. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Cost basis and return based on previous market day close. Buy These 2 Stocks in 2023 and Hold for the Next Decade, 2 Stocks That Are About to Make Their Shareholders Richer, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, the company's fourth-quarter conference call last month, Copyright, Trademark and Patent Information. OCGN Ocugen Inc 155,223 $0.9721 $0.0263 (2.63%) To be sure, current cash isnt enough. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Ocugen does have at least 180 days to cure that problem, but the simplest answer is for the company to execute a reverse stock split. market." Ocugen Inc. Announces Closing of $100 Million Registered As of this writing, Vince Martin has no positions in any securities mentioned. 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. Covaxin doesn't have an advantage in terms of dosing compared to these leading vaccines. 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. Considering the conditions facing the company, I do not recommend Ocugen stock regardless of risk tolerances. The Ocugen deal is a way to salvage some limited value. Type a symbol or company name. It announced on Dec. 9 of last year 17 months later that it was 50% through enrollment. David and Tom just revealed what they believe are the ten best stocks for investors to buy right now and Ocugen, Inc. wasn't one of them! OCGN | Ocugen Inc. Stock Price & News - WSJ Ocugen Inc. stock rises Wednesday, outperforms market Feb. 22, 2023 at 5:14 p.m. However, I wont be around to find out. ET by MarketWatch Automation Ocugen Inc. stock falls Tuesday, underperforms market Feb. 21, 2023 at 5:14. For more information on how our historical price data is adjusted see the Stock Price Adjustment Guide. However, even from this limited vantage point, OCGN appears destined to fail. 7 Penny Stocks Poised for Explosive Growth in 2023, With No Revenue or Approved Treatments, Ocugen Stock Is a Clear Sell. In fact, $1,000 in Ocugen stock bought on Aug. 9, 2020, would be worth about $15,100 today. OCGN - Ocugen Inc Forecast - CNNMoney.com - CNN Business There Are So Many Stocks to Buy Ocugen Isn't One of Them Do not expect this to become the biotech who made good like Biogen (NASDAQ:BIIB). OCGN does not even appear to have an apparent reason to exist. Type a symbol or company name. Remember, though, that Moderna achieved this while working closely with the U.S. government (including receiving funding from Uncle Sam) and during a period when vaccines weren't widely available. Hold) without suggesting a price target. What Is the Best EV Stock to Buy Now? 10 stocks we like better than Ocugen, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Cassava Sciences (NASDAQ:SAVA) has soared 454% in just the last three months. Unfortunately, when the market bounced in late March 2020, Ocugen kept heading lower. Ocugen Chairman and CEO Shankar Musunuri Ocugen The company's stock opened at $8.24 per share Tuesday, up 96 cents. The FDA told the company in June 2021 that it should instead follow the standard path to full approval of the vaccine in adults. That product drives the current bull case for Ocugen stock. The S&P 500 has rallied 52.9% from the March low to its highs on August 6. You never know when they will suddenly go on a squeeze. Ocugen had to go an unusual route to go public. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The FDA typically takes 60 days to accept a regulatory filing then 10 months to make an approval decision. Some were undoubtedly anticipating a relatively quick EUA win for Covaxin followed by strong U.S. sales for the COVID-19 vaccine. Since its merger, Ocugen stock has continued the decline that occurred under the company that it took over, Histogenics. The huge gain came after the company's partner, Bharat Biotech, received emergency use authorization (EUA) in India for COVID-19 vaccine Covaxin. Keith Speights for When the market crashed during the U.S. pandemic outbreak in March, shares of vaccine makers understandably soared as work began on developing vaccines to fight COVID-19. It means that raising capital will be more difficult going forward. But if they do, Ocugen stock at the least looks like an intriguing bet. Investors should definitely reevaluate Ocugen's prospects in light of the company's bad news announced last week. Ocugen abandoned its pursuit of a U.S. EUA for Covaxin in immunizing adults last year. Almost all the headlines about Ocugen in the past year have been about the companys COVID-19 vaccine candidate. The company has a gene therapy platform as well as two preclinical compounds that aim to treat retinal diseases. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their. Ocugen Inc Stock - OCGN Share Price Today, News and Discussion - Stocktwits Instead, this appears destined to join the long list of failed biotech startups. It brings in no revenue. Keith Speights owns shares of Pfizer. See disclosure here. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. In the late summer of 2018, the stock crashed below $1 per share as investors sold off following a failed phase three trial. As of 1:37 p.m. EST, the biopharmaceutical company's stock price was down more than 15%.. Bharat's offering COVAXIN, a whole-viron inactivated COVID-19 vaccine candidate, has already shown promise in Phase 1 and 2 clinical trials in India and the enrollment of 26,000 subjects for the Phase 3 study is currently underway.
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