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Investors should definitely reevaluate Ocugen's prospects in light of the company's bad news announced last week. Our 3 Top Picks. Nasdaq OCGN does not even appear to have an apparent reason to exist. Indeed, the price broke below the 24 December 2018 low at 4.81 and is currently attempting a return move. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days later. The risk-reward proposition for Ocugen is obviously much different now than it was when individuals were buying the stock over the last several months. A partnership with a respected Asian biotechnology company offers some validation to the pipeline, and a key product is progressing through Phase III trials. While it feels cool to buy a thousand shares of OCGN stock vs. a few shares of Amazon (NASDAQ:AMZN), save yourself the heartache. It is focused on discovering, developing and commercializing therapies which address rare and underserved eye diseases. Sign up below to get this incredible offer! 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! Theres an opportunity here. In November, Bharat Biotech began Phase 3 testing of Covaxin in India. The Motley Fool has a disclosure policy. The FDA typically takes 60 days to accept a regulatory filing then 10 months to make an approval decision. Copyright The Motley Fool has a disclosure policy. Click here to see what Matt has up his sleeve now. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. Objective investors could have clearly seen then that there actually were significant reasons to be concerned. What Is the Best EV Stock to Buy Now? That product drives the current bull case for Ocugen stock. Histogenics shareholders then received about 14% of the company, according to the merger prospectus. Article printed from InvestorPlace Media, https://investorplace.com/2020/01/ocugen-stock-faint-heart/. The company has no revenue, runs an annual deficit, and does not generate positive free cash flow. In this case, shares rallied about four-fold in just a few days. After all, one cannot expect Ocugen stock to cure its ills when the company itself has fallen into critical condition. Source: Chart courtesy of StockCharts.com. Our 3 Top Picks. Guys, theres no revenue here! Hence, instead of ruining just two lives, this new Ocugen may be destroying the investment future of all who buy. Until July 20, when OCGN stock jumped about 20%, shares were down 21% from the March low. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their investment. The post There Are So Many Stocks to Buy Ocugen Isnt One of Them appeared first on InvestorPlace. 2023 InvestorPlace Media, LLC. Why Ocugen Stock Is Crashing Today By Keith Speights - Mar 4, 2022 at 11:42AM Key Points The FDA gave a thumbs-down to Ocugen's EUA request for the pediatric use of Covaxin. 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. 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. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Realistically, Ocugen is probably looking at potential approval of Covaxin in mid-2023 at the earliest. Ocugen sold $25 million of stock in a private placement before the merger. 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 FDA's decision not to issue EUA really wasn't all that surprising, though. 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 estimates the drug could have as many as 63,000 potential patients. These symbols will be available throughout the site during your session. Ocugens Big Run: One company that has been a home-run investment in the last year has been biotech stock Ocugen Inc (NASDAQ:OCGN). Ocugen Stock Is Not for the Faint of Heart - InvestorPlace There Are So Many Stocks to Buy Ocugen Isn't One of Them Instead of buying a piece of the S&P 500 or Nasdaq or even better, a common sense mega-holding like Apple (NASDAQ:AAPL) or Amazon investors in OCGN stock took on a high-risk investment and for months saw negative returns. Keith Speights for Don't overlook another approach, especially if you're still sitting on a nice gain even after last week's major sell-off. As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. First, the balance sheet is in at least decent shape. Instead, this appears destined to join the long list of failed biotech startups. The huge gain came after the company's partner, Bharat Biotech, received emergency use authorization. *Average returns of all recommendations since inception. The biotech stock promptly crashed by more than 30%. 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! To make the world smarter, happier, and richer. *Stock Advisor returns as of June 7, 2021. Why Ocugen Stock Is Crashing Today | The Motley Fool - Nasdaq Investors should worry about companies with no revenue even under the best of circumstances. One thing seems certain, however:Ocugens fate as an investment is closely tied to the ultimate outcome of Covaxin. market." Emergency Use . With this, the newly formed Ocugen initiated a 60:1 reverse stock split. The $25 million private placement executed before the merger brought in much-needed cash. You canfollow Will on Twitterat @HealyWriting. Maybe OCGN stock will be one of them again. There's a pretty good case to be made that other stocks offer even better prospects for returns with lower risk than Ocugen does. Conditions only seem to get worse for Ocugen (NASDAQ:OCGN). 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. The company stated that it will pursue a path to file for full FDA approval of Covaxin. Type a symbol or company name. Almost all the headlines about Ocugen in the past year have been about the companys COVID-19 vaccine candidate. The reverse merger with Histogenics was a disappointment, but the purchase price for the NeoCart intellectual property suggests that company had little chance of survival on its own. A $30 million market capitalization doesnt mean Ocugen has no chance. Some of the names will rally big, putting together epic squeezes that can double or triple the stock prices in just a few days. But any success they find will be without me as a shareholder. The reverse merger that brought Ocugen to the public markets led to huge losses but some investors are buying the dip. Shares declined 85% in three sessions around the closing of the merger, which also included a 1-for-60 reverse stock split. Like other life sciences companies involved in Covid-19 vaccine. These symbols will be available throughout the site during your session. Emergency Use Authorization (EUA) for Covaxin, the COVID-19 vaccine developed by Ocugen's partner, Bharat Biotech. If you missed that action, you missed all the gains. I am all for a good opportunity, but I dont know why some investors insist on penny stocks. Please check your download folder. 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. If they have solid financials, but their trials continually fail, they will likely not succeed. The point is, the risk/reward of owning something like Ocugen is simply not worth it vs. having even basic equity exposure. Its worth emphasizing: Ocugen stock is a play with enormous risk. Custom BMW. In other words, it means that even by biotech standards OCGN stock is an enormously risky play. But the sale of NeoCart appears to not yet have closed after its deadline was extended to allow Medavate to secure financing. 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 Bharat Biotech to co-develop a COVID-19 vaccine for the U.S. market. Investing is always a game of balancing risk and reward. Please check your download folder. 1125 N. Charles St, Baltimore, MD 21201. Can you feel the ground moving beneath your feet? In 2018, its NeoCart biologic failed to meet the primary endpoint of its own Phase III trial. For investors new to the story, there are some positives when it comes to OCGN stock. Events - Ocugen However, sometimes the optimism isn't justified. It has no treatments to offer the market. The newly renamed Ocugen stock kept declining through year-end, but has managed to stage a bit of a rally in 2020, gaining 15% year-to-date. See disclosure here. But there is no question some big-name stocks performed better than others along the way. Even at around 40 cents per share, I would consider Ocugen stock overvalued. It means that institutional investors focused on the sector largely have passed on the pipeline. Don't Get Greedy With Ocugen Stock, Says Analyst Shares fell 72% on the news, and kept falling after Histogenics decided to suspend development of the product in December 2018.
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