ocugen stock crash 2018

ET by MarketWatch Automation Ocugen Inc. stock falls Tuesday, underperforms market Feb. 21, 2023 at 5:14. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The Nasdaq has been even more impressive, rallying 67.7% in the same time frame and hitting new all-time highs in the process. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 64.2% higher as of 11:35 a.m. EST on Monday. The first is that Ocugen is facing potential delisting from the NASDAQ given that its share price still sits well below $1. The content is intended to be used for informational purposes only. While it feels cool to buy a thousand shares of OCGN stock vs. a few shares of Amazon (NASDAQ:AMZN), save yourself the heartache. 7 Penny Stocks Poised for Explosive Growth in 2023, Ocugen Stock Is Not for the Faint of Heart. So far, that merger hasnt worked out for Histogenics former shareholders. Looking ahead, analysts are skeptical Covaxin will provide the upside Ocugen bulls are expecting. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The Motley Fool->. Do Not Sell My Personal Information (CA Residents Only). The second is that the balance sheet still needs some help. And a partnership with Chinas CanSino Biologics (OTCMKTS:CASBF) should help the company develop its pipeline. The company initiated its Phase 3 trial of OCU300 back in July 2018. Moreover, Histogenics existed to treat orthopedic conditions, while Ocugen focused on rare eye diseases. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Nasdaq The agreement stipulates Ocugen will hold the vaccines U.S. rights, and the remaining details are expected to be finalized over the coming weeks. If they invent a miracle treatment for a condition, the money will find its way to the stock. 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. Maybe it pans out for Ocugen and I wish the team (and its investors) the best of luck. 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. 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. 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. For investors new to the story, there are some positives when it comes to OCGN stock. Ocugen came to the market via what was essentially a reverse merger with Histogenics Corporation, a deal that closed at the end of September. Emergency Use Authorization (EUA) for Covaxin, the COVID-19 vaccine developed by Ocugen's partner, Bharat Biotech. The latest closing stock price for Ocugen as of March 03, 2023 is. Conditions only seem to get worse for Ocugen (NASDAQ:OCGN). The broad point here is that, even with a ~$30 million market capitalization (based on updated share count information disclosed in an 8-K filing on Dec. 9), this is a company with a legitimate opportunity. Just a few days ago, Ocugen (NASDAQ: OCGN) was flying high with shares up more than 460% year to date. Histogenics shareholders then received about 14% of the company, according to the merger prospectus. Instead, this appears destined to join the long list of failed biotech startups. 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. CanSinoBio is a legitimate player in the industry; the companys market cap is near $2 billion after a nice rally in recent weeks. COVID-19 vaccines from Pfizer and Moderna are already on the market in the U.S. with efficacy levels of 94% or greater. The biotech stock promptly crashed by more than 30%. Until July 20, when OCGN stock jumped about 20%, shares were down 21% from the March low. Can you feel the ground moving beneath your feet? 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. That's right -- they think these 10 stocks are even better buys. But if they do, Ocugen stock at the least looks like an intriguing bet. The simplest thing to do is to hang onto the stock and hope that it recovers sooner or later (which is a possibility). Source: Chart courtesy of StockCharts.com. 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. Sign up below to get this incredible offer! 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. Probably the most important thing to do after Ocugen's crash, though, is to identify lessons learned and apply them to future investing decisions. Please check your download folder. That doesnt mean success is guaranteed. All rights reserved. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. The company has no revenue, runs an annual deficit, and does not generate positive free cash flow. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their investment. The Motley Fool recommends Moderna Inc. 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 has no treatments to offer the market. Importantly, neither Bharat nor Indian regulators revealed the efficacy of the vaccine. Copyright Ocugen has responded to Health Canada regarding deficiencies identified with its regulatory filing for Covaxin. *Average returns of all recommendations since inception. 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. This is most likely a result of the stocks meteoric rise and analysts inability to turnaround new price targets so quickly. Accordingly, the analyst rates OCGN a Neutral (i.e. Thats one of the best rallies weve seen in that amount of time (95 trading sessions, 136 days). What should investors do now? 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. Ocugen. Unfortunately for longs, OCGN is much closer to the worst of conditions. At the beginning of 2020, Ocugen shares were trading at just 47 cents. The odds of Ocugen stock winding up at zero are material. Shares of Ocugen ( OCGN -3.10%) fell on Tuesday after an analyst sounded a note of caution to investors. 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. If youre not convinced by now, maybe you will consider OCGN stock a poor investment when looking at the fundamentals. OCGN does not even appear to have an apparent reason to exist. At the time, Ocugen was left for dead. Investors were hopeful that the small drugmaker would be able to win U.S. Invest better with The Motley Fool. Those reverse splits generally are poorly received by the market, even if in theory they should have little to no practical impact on trading. The Motley Fool->. The potential synergies of such a union do not seem clear. As of 1:37 p.m. EST, the biopharmaceutical company's stock price was down more than 15%.. Article printed from InvestorPlace Media, https://investorplace.com/2020/01/ocugen-stock-faint-heart/. The Ocugen deal is a way to salvage some limited value. 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. A $30 million market capitalization doesnt mean Ocugen has no chance. Nasdaq Type a symbol or company name. This requires no immediate effort on your part. You never know when they will suddenly go on a squeeze. Another alternative is to sell some or all of your Ocugen stock and invest the money elsewhere. If were playing that game then Im buying LEAP call options on Apple and Amazon in March. Thats why we give you a wide range of Options on stocks, indices, commodities and FX. The average Ocugen stock price for the last 52 weeks is 2.10. Even at around 40 cents per share, I would consider Ocugen stock overvalued. Pricing likely would be favorable, given the lack of alternative treatments. Bharat Biotech has a history of successful vaccine commercialization in South Asia. Create your Watchlist to save your favorite quotes on Nasdaq.com. Here are three prudent steps to take. Still, Ocugens balance sheet isnt as dire as its share price might suggest. 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. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days. The S&P 500 has rallied 52.9% from the March low to its highs on August 6. Over the next few weeks, Ocugen is expected to meet with the FDA to discuss how to advance COVAXINs development. Healthy companies do not undergo 1-for-60 reverse stock splits like this one did in September 2019. Investors should worry about companies with no revenue even under the best of circumstances. Literally, zero. In fact, the SPDR S&P 500 (NYSE:SPY) total return over the last 12 months is 34.2%. For more information on how our historical price data is adjusted see the Stock Price Adjustment Guide. 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. 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. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Keith Speights owns shares of Pfizer. But theres a big difference in having an edge flipping sub-$5 stocks vs. combing over this group as an investor looking for sound fundamentals and a mistakenly low stock price. Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 64.2% higher as of 11:35 a.m. EST on Monday. The equity has experienced a continual decline for years. The Ocugen deal is a way to salvage some limited value. You can be a growth investor, futures trader, deep-value investor, a day trader, options player, or a dividend aficionado. Do not expect a recovery in Ocugen stock. Hold) without suggesting a price target. Ill be sticking to the stocks that are actually working. It peaked at a split-adjusted level of around $778 per share soon after its initial public offering in 2014. The Ocugen 52-week high stock price is 4.03, which is 328.7% above the current share price. It means that institutional investors focused on the sector largely have passed on the pipeline. There's a pretty good case to be made that other stocks offer even better prospects for returns with lower risk than Ocugen does. 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. However, the Strong Buy consensus rating is backed with a $0.9 price target, which implies downside of 68% from current levels. Cost basis and return based on previous market day close. 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. Ocugen isnt a promotional, fly-by-night penny stock. The company stated that it will pursue a path to file for full FDA approval of Covaxin. Those lessons will vary between different investors, but I'll point out a major one to keep in mind. But realizing value in practice usually is a difficult endeavor. Without NeoCart, that burn likely comes down. 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! However, the marriage of Histogenics and Ocugen looks destined to end in a suicide pact instead of a mere divorce. 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. Its worth emphasizing: Ocugen stock is a play with enormous risk. 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. Sign up below to get this incredible offer! Ocugen Chairman and CEO Shankar Musunuri Ocugen The company's stock opened at $8.24 per share Tuesday, up 96 cents. If OCU300 is approved, theres a reasonably large market. 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. Copy and paste multiple symbols separated by spaces. Long-term debt of $1.6 million is not a back-breaker either. 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 . Conditions have only become worse since that time. Ocugen had to go an unusual route to go public. Just a few days ago, Ocugen (NASDAQ: OCGN) was flying high with shares up more than 460% year to date. Theres even room for more lines. It is focused on discovering, developing and commercializing therapies which address rare and underserved eye diseases. All rights reserved. Considering the conditions facing the company, I do not recommend Ocugen stock regardless of risk tolerances. 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? Custom BMW. Investing is always a game of balancing risk and reward. Emergency Use . 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. I am all for a good opportunity, but I dont know why some investors insist on penny stocks. 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. If you missed that action, you missed all the gains. First, the balance sheet is in at least decent shape. I will just say this on Ocugen: Theres a reason it trades for sub-$1 after hitting resistance near $180 in 2018. The company is led by CEO and Co-founder, Shankar Musunuri, and entered into the public equity market in 2019 via. The reverse merger that brought Ocugen to the public markets led to huge losses but some investors are buying the dip. 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. It's likely that the company will take longer to file for full FDA approval of the vaccine than Moderna will. 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. 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. Unfortunately, both the merger and the reverse split have failed to stem the decline of former Histogenics stock. Hence, instead of ruining just two lives, this new Ocugen may be destroying the investment future of all who buy. Copyright The stock dropped as low as 26 cents during the height of the pandemic fears in March 2020. The $25 million private placement executed before the merger brought in much-needed cash. It brings in no revenue. While anything is possible, I would not anticipate a miracle here. If Ocugen goes up, you can still profit. Ocugen hasn't stated yet when a potential late-stage study of Covaxin could start. In the late summer of 2018, the stock crashed below $1 per share as investors sold off following a failed phase three trial. 7 Penny Stocks Poised for Explosive Growth in 2023, With No Revenue or Approved Treatments, Ocugen Stock Is a Clear Sell. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. Ocugen, Inc. is a biopharmaceutical company, which engages in the development and commercialization of therapies to cure eye diseases. The Motley Fool has a disclosure policy. Cassava Sciences (NASDAQ:SAVA) has soared 454% in just the last three months. The stock had gained some traction after they announced the. You canfollow Will on Twitterat @HealyWriting. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. It is very important to do your own analysis before making any investment. Type a symbol or company name. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. OCGN Ocugen Inc 155,223 $0.9721 $0.0263 (2.63%) 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.. Start trading Options with Saxo today. This decision. Still, this stock is cheap for reasons that my colleague Josh Enomoto spelled out well. Names like Ocugen (NASDAQ:OCGN) arent trading for about 50 cents apiece by accident. However, even from this limited vantage point, OCGN appears destined to fail. If they have solid financials, but their trials continually fail, they will likely not succeed. Ocugens Big Run: One company that has been a home-run investment in the last year has been biotech stock Ocugen Inc (NASDAQ:OCGN). Don't overlook another approach, especially if you're still sitting on a nice gain even after last week's major sell-off. The OCGN stock forecast 2022 outlook suggests that Ocugen's stock may struggle in the short term. Ocugen executives even sounded cautiously optimistic in the company's fourth-quarter conference call last month. For most of its history, what we now know as Ocugen stock was Histogenics, a cell therapy company focused on orthopedics. Plus500. Its certainly possible. 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. (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. What Is the Best EV Stock to Buy Now? Part of the proceeds will be used to support its partnership with Bharat. 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. 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. 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. CFO Sanjay Subramanian said that there was "the potential for near-term revenue," depending on the EUA. Learn More. Today, the stock has a $1.6 billion market cap despite just $42,620 in 2020 revenue. Not an offer or recommendation by Stocktwits. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Honestly, OCGN stock is unlikely to survive. That said, for investors who understand the potential downside, there is an intriguing story here. However, an EUA in India doesn't mean that Covaxin is a slam dunk to win EUA in the U.S., as well. Keith Speights for To make the world smarter, happier, and richer. Theres an opportunity here. 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. The stock ultimately hit its 2020 low on June 1 at a price of just 17 cents. One thing seems certain, however:Ocugens fate as an investment is closely tied to the ultimate outcome of Covaxin. This decision isn't surprising, considering that Ocugen previously abandoned the pursuit of an EUA path for the vaccine in adults. Ocugen sold $25 million of stock in a private placement before the merger. Ocugen Inc. is a clinical stage biopharmaceutical company. The combined company has an agreement to sell the rights to NeoCart to privately held Medavate, leaving it reliant on Ocugens pipeline. The sale of NeoCart, which still is pending, can bring in another $8 million, based on the current agreement. See disclosure here. Most biotech companies have intriguing stories on paper; Ocugen is no different. 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 In other words, it means that even by biotech standards OCGN stock is an enormously risky play. Weve now already seen a 50% correction in the stock price, with shares changing hands around 46 cents per share. 1125 N. Charles St, Baltimore, MD 21201. That's right -- they think these 10 stocks are even better buys. 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. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. 1125 N. Charles St, Baltimore, MD 21201. Shares of Ocugen (OCGN 4.03%) were crashing 19.2% lower as of 11:23 a.m. The chances of anything more are small but the rewards could be huge. However, when that occurred, Ocugen stock lost most of its value. You could sell some or all of your Ocugen shares and buy long-term call options on the stock. Ocugen abandoned its pursuit of a U.S. EUA for Covaxin in immunizing adults last year. The huge gain came after the company's partner, Bharat Biotech, received emergency use authorization. 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. Investors should definitely reevaluate Ocugen's prospects in light of the company's bad news announced last week. In 2018, its NeoCart biologic failed to meet the primary endpoint of its own Phase III trial. As with many biotech stocks, the most likely outcome is for the company to fail, and for shareholders to wind up with zero. Biotechnology stocks like Ocugen (NASDAQ:OCGN) are among the markets riskiest plays. 1125 N. Charles St, Baltimore, MD 21201. Its top officers have experience at Pfizer (NYSE:PFE) and other well-respected pharmaceutical and biotechnology companies. These symbols will be available throughout the site during your session. Our 3 Top Picks. That's not going to happen now. Its all about choice. 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 point is, the risk/reward of owning something like Ocugen is simply not worth it vs. having even basic equity exposure. And while Ocugen will need more capital at some point, the company at least has time to push OCU300 forward and get its story out to investors. In November, Bharat Biotech began Phase 3 testing of Covaxin in India. 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. Ocugen Inc. stock rises Wednesday, outperforms market Feb. 22, 2023 at 5:14 p.m. Ocugen shares jumped to $3.50 on massive volume in December when the Covaxin partnership was announced. The CanSinoBio partnership does help, but Ocugen still has a long way to go with OCU300. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their. Maybe. If it goes down, your loss won't be as great as it would be if you held onto all of your shares. The average price target among the five analysts covering the stock is $6, suggesting 27.9% downside from current levels. Ocugen Inc., formerly known as Histogenics Cp, is based in Malvern, Pennsylvania. As of this writing, Vince Martin has no positions in any securities mentioned. When the symbol you want to add appears, add it to Watchlist 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. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the 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. 10 stocks we like better than Ocugen, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 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! There's no way, however, to know what the COVID-19 vaccine market dynamics will be two years from now. In the late summer of 2018, the stock crashed below $1 per share as investors sold off following a failed phase three trial. market." The vaccine reportedly has a 78% efficacy rate against COVID-19, significantly lower than leading vaccines granted FDA emergency authorization.

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