Don't overlook another approach, especially if you're still sitting on a nice gain even after last week's major sell-off. The first is that Ocugen is facing potential delisting from the NASDAQ given that its share price still sits well below $1. A partnership with a respected Asian biotechnology company offers some validation to the pipeline, and a key product is progressing through Phase III trials. 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. Unfortunately for investors, the U.S. FDA did not grant Covaxin an Emergency Use Authorization and instead recommended in June that Ocugen opt for a Biologic License Application that will likely require additional Phase 3 testing. It is focused on discovering, developing and commercializing therapies which address rare and underserved eye diseases. quotes delayed at least 15 minutes, all others at least 20 minutes. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Honestly, OCGN stock is unlikely to survive. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Even before that point, the most promising candidates generally can find funding. OCGN | Ocugen Inc. Stock Price & News - WSJ MALVERN, Pa., May 29, 2018 /PRNewswire/ -- Ocugen, Inc., a rapidly growing ophthalmology company developing a rich clinical pipeline of innovative therapies that address rare and underserved ocular diseases, today announced that it will present at the 2018 BIO International Convention, taking place June 4-7, 2018, in Boston. In 2018, its NeoCart biologic failed to meet the primary endpoint of its own Phase III trial. 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 had to go an unusual route to go public. All rights reserved. All rights reserved. Please check your download folder. Ocugen, Inc. is a biopharmaceutical company, which engages in the development and commercialization of therapies to cure eye diseases. Ocugen, previously a private company, instituted a reverse merger, which they completed on Sep. 30. Names like Ocugen (NASDAQ:OCGN) arent trading for about 50 cents apiece by accident. But it does mean something. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. All rights reserved. In the late summer of 2018, the stock crashed below $1 per share as investors sold off following a failed phase three trial. But there is no question some big-name stocks performed better than others along the way. Probably the most important thing to do after Ocugen's crash, though, is to identify lessons learned and apply them to future investing decisions. Shares declined 85% in three sessions around the closing of the merger, which also included a 1-for-60 reverse stock split. The reverse merger that brought Ocugen to the public markets led to huge losses but some investors are buying the dip. Unfortunately, when the market bounced in late March 2020, Ocugen kept heading lower. 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! 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. Nano-cap biotech play Ocugen has an intriguing story and a ton of risk. The Motley Fool has a disclosure policy. (See OCGN stock analysis on TipRanks). Weve now already seen a 50% correction in the stock price, with shares changing hands around 46 cents per share. Shares fell 72% on the news, and kept falling after Histogenics decided to suspend development of the product in December 2018. These symbols will be available throughout the site during your session. A $30 million market capitalization doesnt mean Ocugen has no chance. 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. market." First, the balance sheet is in at least decent shape. It brings in no revenue. There's a pretty good case to be made that other stocks offer even better prospects for returns with lower risk than Ocugen does. 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. Without NeoCart, that burn likely comes down. Part of the proceeds will be used to support its partnership with Bharat. This requires no immediate effort on your part. Its worth emphasizing: Ocugen stock is a play with enormous risk. *Stock Advisor returns as of June 7, 2021. Shares of Ocugen ( OCGN) skyrocketed over 800% in the past three trading sessions after the biopharmaceutical company disclosed it had signed a binding letter of intent (LOI) with India based. It peaked at a split-adjusted level of around $778 per share soon after its initial public offering in 2014. The potential synergies of such a union do not seem clear. But just because a company does not have crippling debt doesnt mean its a buy. Investors need to understand the risk profile here. OCGN Stock Price | Ocugen Inc. Stock Quote (U.S.: Nasdaq) - MarketWatch It's hard to say for sure. What Is the Best EV Stock to Buy Now? Axsome Therapeutics (NASDAQ:AXSM) had an equity value below $75 million in March 2017; its now worth over $3 billion after rising over 1,000% last year. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. That said, for investors who understand the potential downside, there is an intriguing story here. 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. Other than an emphasis on cell therapies, the companies had almost nothing in common. That's right -- they think these 10 stocks are even better buys. That product drives the current bull case for Ocugen stock. Theres an opportunity here. Invest better with The Motley Fool. 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 . The Ocugen deal is a way to salvage some limited value. How can we possibly evaluate a stock on a fundamental basis with that being reality? You can be a growth investor, futures trader, deep-value investor, a day trader, options player, or a dividend aficionado. Related Link: If You Invested $1,000 In Moderna Stock One Year Ago, Here's How Much You'd Have Now. Under the terms of the agreement, Ocugen is entitled to 45% of the profits from the commercialization of Covaxin in the U.S. and Canada. Copyright 2023 InvestorPlace Media, LLC. While anything is possible, I would not anticipate a miracle here. 10 stocks we like better than Ocugen, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. The all-time high Ocugen stock closing price was, The average Ocugen stock price for the last 52 weeks is. Over the next few weeks, Ocugen is expected to meet with the FDA to discuss how to advance COVAXINs development. Another alternative is to sell some or all of your Ocugen stock and invest the money elsewhere. The Motley Fool recommends Moderna Inc. From a near-term standpoint, there are two key risks. Ocugen Inc. stock rises Wednesday, outperforms market Feb. 22, 2023 at 5:14 p.m. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. Keith Speights has no position in any of the stocks mentioned. Copyright 2023 InvestorPlace Media, LLC. Written by 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. *Average returns of all recommendations since inception. However, sometimes the optimism isn't justified. Ocugen Inc Stock - OCGN Share Price Today, News and Discussion - Stocktwits Lorem ipsum dolor sit amet, consectetur adipiscing elit. Why Everyone Is Investing in 5G All WRONG, Americas #1 Stock Picker Reveals His Next 1,000% Winner, Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company, Radical New Battery Could Dismantle Oil Markets. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Investors were hopeful that the small drugmaker would be able to win U.S. The Motley Fool->. 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. MALVERN, Pa., April 28, 2021 (GLOBE NEWSWIRE) -- Ocugen, Inc. (Nasdaq: OCGN), a biopharmaceutical company focused on discovering, developing, and commercializing gene therapies to cure blindness. The Motley Fool has no position in any of the stocks mentioned. The content is intended to be used for informational purposes only. Guys, theres no revenue here! Investing is always a game of balancing risk and reward. The post There Are So Many Stocks to Buy Ocugen Isnt One of Them appeared first on InvestorPlace. There's no way, however, to know what the COVID-19 vaccine market dynamics will be two years from now. Theres even room for more lines. Keith Speights has no position in any of the stocks mentioned. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Until July 20, when OCGN stock jumped about 20%, shares were down 21% from the March low. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Investors should worry about companies with no revenue even under the best of circumstances. With No Revenue or Approved Treatments, Ocugen Stock Is a - Insider Considering Bharats reputation for world-class R&D and manufacturing capabilities in vaccines and bio-therapeutics, H.C. Wainwright analyst Swayampakula Ramakanth thinks the company is a suitable partner.. For investors new to the story, there are some positives when it comes to OCGN stock. Ocugen Inc. Announces Closing of $100 Million Registered Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 64.2% higher as of 11:35 a.m. EST on Monday. 1125 N. Charles St, Baltimore, MD 21201. An unprofitable biotech that focused on commercializing therapies to cure blindness prior to the present pandemic, Ocugen ( OCGN) stock took on a new life on December 22, when it announced. There Are So Many Stocks to Buy Ocugen Isn't One of Them Sign up below to get this incredible offer! Conditions only seem to get worse for Ocugen (NASDAQ:OCGN). 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. Investors were hopeful that the small drugmaker would be able to win U.S. Hold) without suggesting a price target. Still, Ocugens balance sheet isnt as dire as its share price might suggest. COVID-19 vaccines from Pfizer and Moderna are already on the market in the U.S. with efficacy levels of 94% or greater. Please check your download folder. Ocugen. The Nasdaq has been even more impressive, rallying 67.7% in the same time frame and hitting new all-time highs in the process. Copyright Learn More. Ocugen stock jumps following positive Covid vaccine study results Today, the stock has a $1.6 billion market cap despite just $42,620 in 2020 revenue. In the late summer of 2018, the stock crashed below $1 per share as investors sold off following a failed phase three trial. However, the marriage of Histogenics and Ocugen looks destined to end in a suicide pact instead of a mere divorce. Its certainly possible the deal will fall through, leaving Ocugen with just the $15.8 million in cash with which it closed the third quarter, according to its 10-Q. And its at least possible that OCGN could wind up being a winner. Ocugen sold $25 million of stock in a private placement before the merger. But any success they find will be without me as a shareholder. Keith Speights for In December, Ocugen stated that it had put together an advisory board of "leading academic and industry experts to evaluate the clinical and regulatory path to approval in the U.S. (To watch Ramakanths track record, click here), In contrast, all 3 other analysts who have recently posted an Ocugen review rate the stock a Buy. 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. Histogenics itself highlights the risks involved in small-cap biotech. The company is led by CEO and Co-founder, Shankar Musunuri, and entered into the public equity market in 2019 via. Shares fell 72% on the news, and kept falling after Histogenics decided to suspend development of the product in December 2018. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 10 stocks we like better than Ocugen, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. *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. 7 Penny Stocks Poised for Explosive Growth in 2023, With No Revenue or Approved Treatments, Ocugen Stock Is a Clear Sell. 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. 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. While it feels cool to buy a thousand shares of OCGN stock vs. a few shares of Amazon (NASDAQ:AMZN), save yourself the heartache. Accordingly, the analyst rates OCGN a Neutral (i.e. But realizing value in practice usually is a difficult endeavor. Considering the conditions facing the company, I do not recommend Ocugen stock regardless of risk tolerances. The steep decline came after the company announced that the U.S. Food and Drug Administration (FDA) won't grant Emergency Use Authorization (EUA) for COVID-19 vaccine Covaxin in children ages two to 18. According to the prospectus, the combined company posted an operating loss of roughly $30 million in 2018. Do Not Sell My Personal Information (CA Residents Only). Realistically, Ocugen is probably looking at potential approval of Covaxin in mid-2023 at the earliest. So, what goes wrong? Is Ocugen Stock Still Worth Buying After Its 800%-Plus Rally? Analyst This decision. Thats why we give you a wide range of Options on stocks, indices, commodities and FX. The stock had gained some traction after they announced the Ocugen merger in April. Keith Speights owns shares of Pfizer. It's easy to become such a huge fan of a stock that you lose objectivity about its prospects. Cassava Sciences (NASDAQ:SAVA) has soared 454% in just the last three months. To make the world smarter, happier, and richer. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their investment. Some were undoubtedly anticipating a relatively quick EUA win for Covaxin followed by strong U.S. sales for the COVID-19 vaccine. Ocugen isnt a promotional, fly-by-night penny stock. At the time, Ocugen was left for dead. Covaxin doesn't have an advantage in terms of dosing compared to these leading vaccines. Today, the stock has a $1.6 billion market cap despite just $42,620 in 2020 revenue. If you already owned Ocugen stock before the company's disappointing news, you have several alternatives. These options will be cheaper than owning the stock itself. Companies will inevitably be optimistic about their prospects for success (at least publicly).
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