This is most likely a result of the stocks meteoric rise and analysts inability to turnaround new price targets so quickly. The company was founded by Shankar Musunuri and Uday B. Kompella in 2013 and is headquartered in Malvern, PA. And a partnership with Chinas CanSino Biologics (OTCMKTS:CASBF) should help the company develop its pipeline. You can be a growth investor, futures trader, deep-value investor, a day trader, options player, or a dividend aficionado. Histogenics itself highlights the risks involved in small-cap biotech. Theres an opportunity here. Start trading Options with Saxo today. According to the prospectus, the combined company posted an operating loss of roughly $30 million in 2018. Please check your download folder. The company has a gene therapy platform as well as two preclinical compounds that aim to treat retinal diseases. Still, this stock is cheap for reasons that my colleague Josh Enomoto spelled out well. The sale of NeoCart, which still is pending, can bring in another $8 million, based on the current agreement. Weve now already seen a 50% correction in the stock price, with shares changing hands around 46 cents per share. If you missed that action, you missed all the gains. If you already owned Ocugen stock before the company's disappointing news, you have several alternatives. The simplest thing to do is to hang onto the stock and hope that it recovers sooner or later (which is a possibility). Instead, this appears destined to join the long list of failed biotech startups. 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. 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 $25 million private placement executed before the merger brought in much-needed cash. quotes delayed at least 15 minutes, all others at least 20 minutes. (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. Cassava Sciences (NASDAQ:SAVA) has soared 454% in just the last three months. Copyright The short answer is: everything. 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. For most of its history, what we now know as Ocugen stock was Histogenics, a cell therapy company focused on orthopedics. Nasdaq Pricing likely would be favorable, given the lack of alternative treatments. The all-time high Ocugen stock closing price was, The average Ocugen stock price for the last 52 weeks is. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. You never know when they will suddenly go on a squeeze. The FDA typically takes 60 days to accept a regulatory filing then 10 months to make an approval decision. Its all about choice. One thing seems certain, however:Ocugens fate as an investment is closely tied to the ultimate outcome of Covaxin. Probably the most important thing to do after Ocugen's crash, though, is to identify lessons learned and apply them to future investing decisions. Can you feel the ground moving beneath your feet? The stock had gained some traction after they announced the Ocugen merger in April. 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. Article printed from InvestorPlace Media, https://investorplace.com/2020/01/ocugen-stock-faint-heart/. The stock dropped as low as 26 cents during the height of the pandemic fears in March 2020. (See OCGN stock analysis on TipRanks). Ocugen came to the market via what was essentially a reverse merger with Histogenics Corporation, a deal that closed at the end of September. Do Not Sell My Personal Information (CA Residents Only). Keith Speights has no position in any of the stocks mentioned. But the allure of the space is that when a company wins, its shareholders win big. The post There Are So Many Stocks to Buy Ocugen Isnt One of Them appeared first on InvestorPlace. Keith Speights owns shares of Pfizer. Healthy companies do not undergo 1-for-60 reverse stock splits like this one did in September 2019. 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. Investors were hopeful that the small drugmaker would be able to win U.S. *Stock Advisor returns as of June 7, 2021. 10 stocks we like better than Ocugen, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 1125 N. Charles St, Baltimore, MD 21201. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. But any success they find will be without me as a shareholder. Ocugen isnt a promotional, fly-by-night penny stock. Accordingly, the analyst rates OCGN a Neutral (i.e. Like other life sciences companies involved in Covid-19 vaccine. In November, Bharat Biotech began Phase 3 testing of Covaxin in India. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. The vaccine reportedly has a 78% efficacy rate against COVID-19, significantly lower than leading vaccines granted FDA emergency authorization. Thats one of the best rallies weve seen in that amount of time (95 trading sessions, 136 days). In fact, $1,000 in Ocugen stock bought on Aug. 9, 2020, would be worth about $15,100 today. 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, the marriage of Histogenics and Ocugen looks destined to end in a suicide pact instead of a mere divorce. Its product pipeline candidates include OCU400, OCU410, OCU200, and COVAXIN. Do not expect this to become the biotech who made good like Biogen (NASDAQ:BIIB). Do not expect a recovery in Ocugen stock. Invest better with The Motley Fool. 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. Ocugens Big Run: One company that has been a home-run investment in the last year has been biotech stock Ocugen Inc (NASDAQ:OCGN). 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. Guys, theres no revenue here! If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. For more information on how our historical price data is adjusted see the Stock Price Adjustment Guide. 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. Investors need to understand the risk profile here. Click here to see what Matt has up his sleeve now. However, due to the fact the details of the definitive agreement have yet to be finalized, in addition to the current lack of insight into the U.S. regulatory pathway or commercial strategy, Ramakanth stays on the sidelines for now. Its worth emphasizing: Ocugen stock is a play with enormous risk. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their. The point is, the risk/reward of owning something like Ocugen is simply not worth it vs. having even basic equity exposure. There's no way, however, to know what the COVID-19 vaccine market dynamics will be two years from now. 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. Ocugen has responded to Health Canada regarding deficiencies identified with its regulatory filing for Covaxin. Companies will inevitably be optimistic about their prospects for success (at least publicly). The company is led by CEO and Co-founder, Shankar Musunuri, and entered into the public equity market in 2019 via. Ocugen, previously a private company, instituted a reverse merger, which they completed on Sep. 30. The average Ocugen stock price for the last 52 weeks is 2.10. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. By the beginning of March, the stock was still trading at 45 cents as news of the coronavirus spreading in China prompted concerns about a U.S. pandemic. The company does not earn revenue, relying on grants, a dwindling cash position, and stock dilution to keep its doors open. Indeed, the price broke below the 24 December 2018 low at 4.81 and is currently attempting a return move. 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. Typically, I care little about financials with biotechs. The biotech stock promptly crashed by more than 30%. Biotech companies have emerged from similar levels to become huge winners, as evidenced simply by looking at some of the best biotech stocks for 2019. Ocugen ( NASDAQ: OCGN) has been one of the more polarizing story stocks of 2021. Hold) without suggesting a price target. Another alternative is to sell some or all of your Ocugen stock and invest the money elsewhere. 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. 86% of retail CFD accounts lose money, Benzinga's Top Ratings Upgrades, Downgrades For March 1, 2023, Ocugen upgraded at Chardan citing attractive entry point ahead of catalysts, Analysts Are Bullish on These Healthcare Stocks: Theratechnologies (THTX), Ocugen (OCGN), Ocugen (OCGN) Gets a Buy from H.C. Wainwright, Mizuho Securities Sticks to Their Buy Rating for Ocugen (OCGN), Ocugen (OCGN) Q4 2022 Earnings Call Transcript, Why Catalyst Biosciences Shares Are Trading Higher By 105%; Here Are 20 Stocks Moving Premarket, Registration on or use of this site constitutes acceptance of our. The Motley Fool has a disclosure policy. 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. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool->. 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. It means that raising capital will be more difficult going forward. There's a pretty good case to be made that other stocks offer even better prospects for returns with lower risk than Ocugen does.
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