We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. 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. Keith Speights has no position in any of the stocks mentioned. The CanSinoBio partnership does help, but Ocugen still has a long way to go with OCU300. 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. Ocugen had to go an unusual route to go public. ET on Friday. Shares declined 85% in three sessions around the closing of the merger, which also included a 1-for-60 reverse stock split. Nor should one look forward to OCGN stock to becoming the next GW Pharmaceuticals (NASDAQ:GWPH) or Cara Therapeutics (NASDAQ:CARA). For priority reviews, the timeline for an approval decision is reduced to six months. In the late summer of 2018, the stock crashed below $1 per share as investors sold off following a failed phase three trial. Ocugen Inc. is a clinical stage biopharmaceutical company. Covaxin doesn't have an advantage in terms of dosing compared to these leading vaccines. It's hard to say for sure. 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. Other than an emphasis on cell therapies, the companies had almost nothing in common. Copy and paste multiple symbols separated by spaces. 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. Maybe it pans out for Ocugen and I wish the team (and its investors) the best of luck. The $25 million private placement executed before the merger brought in much-needed cash. The FDA's decision not to issue EUA really wasn't all that surprising, though. However, sometimes the optimism isn't justified. Our 3 Top Picks. Histogenics shareholders then received about 14% of the company, according to the merger prospectus. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Start trading Options with Saxo today. 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. Emergency Use . There's still a chance that the vaccine could receive a green light in Canada. This requires no immediate effort on your part. That product drives the current bull case for Ocugen stock. It's easy to become such a huge fan of a stock that you lose objectivity about its prospects. The stock dropped as low as 26 cents during the height of the pandemic fears in March 2020. Hold) without suggesting a price target. Custom BMW. Sign up below to get this incredible offer! 7 Penny Stocks Poised for Explosive Growth in 2023, With No Revenue or Approved Treatments, Ocugen Stock Is a Clear Sell. Typically, I care little about financials with biotechs. To make the world smarter, happier, and richer. According to the prospectus, the combined company posted an operating loss of roughly $30 million in 2018. Conditions have only become worse since that time. 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 all-time high Ocugen stock closing price was, The average Ocugen stock price for the last 52 weeks is. Bharat Biotech has a history of successful vaccine commercialization in South Asia. The Motley Fool->. COVID-19 vaccines from Pfizer and Moderna are already on the market in the U.S. with efficacy levels of 94% or greater. 1125 N. Charles St, Baltimore, MD 21201. If were playing that game then Im buying LEAP call options on Apple and Amazon in March. Objective investors could have clearly seen then that there actually were significant reasons to be concerned. Copyright 2023 InvestorPlace Media, LLC. Investors should worry about companies with no revenue even under the best of circumstances. *Stock Advisor returns as of June 7, 2021. 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. Indeed, the price broke below the 24 December 2018 low at 4.81 and is currently attempting a return move. If they invent a miracle treatment for a condition, the money will find its way to the stock. Just a few days ago, Ocugen (NASDAQ: OCGN) was flying high with shares up more than 460% year to date. 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.. Matthew McCall left Wall Street toactually helpinvestors by getting them into the worlds biggest, most revolutionary trends BEFORE anyone else. Guys, theres no revenue here! All rights reserved. After all, one cannot expect Ocugen stock to cure its ills when the company itself has fallen into critical condition. The odds of Ocugen stock winding up at zero are material. All rights reserved. ET by MarketWatch Automation Ocugen Inc. stock falls Tuesday, underperforms market Feb. 21, 2023 at 5:14. A $30 million market capitalization doesnt mean Ocugen has no chance. CanSinoBio is a legitimate player in the industry; the companys market cap is near $2 billion after a nice rally in recent weeks. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Ocugen ( NASDAQ: OCGN) has been one of the more polarizing story stocks of 2021. In fact, $1,000 in Ocugen stock bought on Aug. 9, 2020, would be worth about $15,100 today. 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. *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. How can we possibly evaluate a stock on a fundamental basis with that being reality? 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.. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. On June 10, though, Ocugen announced that the U.S. Food and Drug Administration (FDA) had effectively shut the door on an EUA filing. With no effective treatments, and without a clear reason to exist, I would avoid buying Ocugen stock even as a speculative play. Copyright You can be a growth investor, futures trader, deep-value investor, a day trader, options player, or a dividend aficionado. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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. Type a symbol or company name. 7 Penny Stocks Poised for Explosive Growth in 2023, Ocugen Stock Is Not for the Faint of Heart. It's likely that the company will take longer to file for full FDA approval of the vaccine than Moderna will. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Lorem ipsum dolor sit amet, consectetur adipiscing elit. I will just say this on Ocugen: Theres a reason it trades for sub-$1 after hitting resistance near $180 in 2018. Even at around 40 cents per share, I would consider Ocugen stock overvalued. After encouraging preliminary results, Ocugen began trying to sell 100 million doses of the vaccine in February. To be sure, current cash isnt enough. Until July 20, when OCGN stock jumped about 20%, shares were down 21% from the March low. 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? Ocugen estimates the drug could have as many as 63,000 potential patients. But any success they find will be without me as a shareholder. Please check your download folder. The agreement stipulates Ocugen will hold the vaccines U.S. rights, and the remaining details are expected to be finalized over the coming weeks. As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. At the beginning of 2020, Ocugen shares were trading at just 47 cents. That's not going to happen now. In that list, you can even include penny-stock trader. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days later. That said, for investors who understand the potential downside, there is an intriguing story here. Our 3 Top Picks. Part of the proceeds will be used to support its partnership with Bharat. 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. 1125 N. Charles St, Baltimore, MD 21201. Theres an opportunity here. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. If it goes down, your loss won't be as great as it would be if you held onto all of your shares. Another alternative is to sell some or all of your Ocugen stock and invest the money elsewhere. Nasdaq 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. Emergency Use Authorization (EUA) for Covaxin, the COVID-19 vaccine developed by Ocugen's partner, Bharat Biotech. Those lessons will vary between different investors, but I'll point out a major one to keep in mind. Making the world smarter, happier, and richer. Histogenics itself highlights the risks involved in small-cap biotech. The company has no revenue, runs an annual deficit, and does not generate positive free cash flow. quotes delayed at least 15 minutes, all others at least 20 minutes. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Thats why we give you a wide range of Options on stocks, indices, commodities and FX. Create your Watchlist to save your favorite quotes on Nasdaq.com. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. The Motley Fool has a disclosure policy. As of 1:37 p.m. EST, the biopharmaceutical company's stock price was down more than 15%.. However, the Strong Buy consensus rating is backed with a $0.9 price target, which implies downside of 68% from current levels. It took Moderna roughly 10 months from the initiation of the late-stage study for its COVID-19 vaccine to the point where the company filed for full FDA approval. That's right -- they think these 10 stocks are even better buys. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. Cost basis and return based on previous market day close. These symbols will be available throughout the site during your session. The company was founded by Shankar Musunuri and Uday B. Kompella in 2013 and is headquartered in Malvern, PA. Realistically, Ocugen is probably looking at potential approval of Covaxin in mid-2023 at the earliest. Healthy companies do not undergo 1-for-60 reverse stock splits like this one did in September 2019. From the outside looking inward, it looks like a marriage of two people who got together simply because nobody else would take them. Considering the conditions facing the company, I do not recommend Ocugen stock regardless of risk tolerances. But there is no question some big-name stocks performed better than others along the way. Article printed from InvestorPlace Media, https://investorplace.com/2019/12/no-pathway-forward-for-ocugen-stock/. That doesnt mean success is guaranteed. But the sale of NeoCart appears to not yet have closed after its deadline was extended to allow Medavate to secure financing. 1 Reason to Buy Ocugen in 2023 and 2 Reasons to Sell, 3 Under-the-Radar Stocks With 590% to 772% Upside in 2023, According to Wall Street, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, Want $1 Million in Retirement? In this case, shares rallied about four-fold in just a few days. Just a few days ago, Ocugen (NASDAQ: OCGN) was flying high with shares up more than 460% year to date. There's a pretty good case to be made that other stocks offer even better prospects for returns with lower risk than Ocugen does. Its top officers have experience at Pfizer (NYSE:PFE) and other well-respected pharmaceutical and biotechnology companies. Literally, zero. How long might it take for Ocugen to win full FDA approval for Covaxin? 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. Its worth emphasizing: Ocugen stock is a play with enormous risk. Theres even room for more lines. Probably the most important thing to do after Ocugen's crash, though, is to identify lessons learned and apply them to future investing decisions. Weve now already seen a 50% correction in the stock price, with shares changing hands around 46 cents per share. Investing is always a game of balancing risk and reward. 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. 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. You never know when they will suddenly go on a squeeze. However, the marriage of Histogenics and Ocugen looks destined to end in a suicide pact instead of a mere divorce. The simplest thing to do is to hang onto the stock and hope that it recovers sooner or later (which is a possibility). The Motley Fool has no position in any of the stocks mentioned. The company's product pipeline consists of OCU400, OCU300, OCU100 and OCU200 which are in clinical stage. As with many biotech stocks, the most likely outcome is for the company to fail, and for shareholders to wind up with zero. The FDA gave a thumbs-down to Ocugen's EUA request for the pediatric use of Covaxin. Importantly, neither Bharat nor Indian regulators revealed the efficacy of the vaccine. OCGN does not even appear to have an apparent reason to exist. Its product pipeline candidates include OCU400, OCU410, OCU200, and COVAXIN. Thats the thing with these low-priced penny stocks. What Is the Best EV Stock to Buy Now? But realizing value in practice usually is a difficult endeavor. Some investors had set their hopes on the FDA being more lenient with pediatric use of Covaxin. 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. OCGN Ocugen Inc 155,223 $0.9721 $0.0263 (2.63%) 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. Ocugen abandoned its pursuit of a U.S. EUA for Covaxin in immunizing adults last year. 10 stocks we like better than Ocugen, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Ocugen stated in a press release that it plans to "continue working with the FDA to evaluate the regulatory pathway for the pediatric use of Covaxin." *Average returns of all recommendations since inception. Written by Those reverse splits generally are poorly received by the market, even if in theory they should have little to no practical impact on trading. 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! I am all for a good opportunity, but I dont know why some investors insist on penny stocks. 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. The huge gain came after the company's partner, Bharat Biotech, received emergency use authorization (EUA) in India for COVID-19 vaccine Covaxin. Learn More. Shares of Ocugen (OCGN 4.03%) were crashing 19.2% lower as of 11:23 a.m. 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 Inc Stock - OCGN Share Price Today, News and Discussion 0.90% SPY 0.59% QQQ 0.60% TSLA 6.12% SI 60.35% CRM 11.51% RIVN 0.32% ARKK 0.96% RLY.X 56.44% PLUG 6.72% V 0.22% CDIO 13.87% RETA 5.92% More Advertisement 3rd Party Ad.
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