OCGN Stock Alert: The FDA News Sending Ocugen Plummeting Today_老虎社区_美港股上老虎

OCGN Stock Alert: The FDA News Sending Ocugen Plummeting Today

InvestorPlace2021-11-27

Shares of biotech company Ocugen(NASDAQ:OCGN) are sharply lower today on news that the U.S. Food and Drug Administration has halted its investigational new drug application for Covaxin, a vaccine for ...

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Choonpoh
·2021-12-02
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Albaakbert
·2021-11-28
[Happy]
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5747896e
·2021-11-27
Ok
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- Sonson89:
  K
  2021-11-27
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- njkk:
  pls like
  2021-11-27
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yigenxiaohai
·2021-11-27
Ok
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- 5747896e:
  ok
  2021-11-27
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394c833a
·2021-11-27
😁
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- SimonChan:
  👍🏻
  2021-11-27
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- 394c833a:
  😄
  2021-11-27
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QueenAlice
·2021-11-27
Like please hehe
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- Hewy:
  K
  2021-11-27
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andrew123
·2021-11-27
Like n comment
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- TonyPSH回复MFME:
  good
  2021-11-29
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- MFME回复andrew123:
  ocugen... well... whats next rotation
  2021-11-27
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- yigenxiaohai:
  ok
  2021-11-27
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Doonaldddd
·2021-11-27
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- andrew123:
  done.like back
  2021-11-27
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kuppi
·2021-11-27
Stock market is sensitive to news
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- Doonaldddd:
  Ok
  2021-11-27
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arthurxyz
·2021-11-27
Like please
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- andrew123:
  done. like back
  2021-11-27
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However, the FDA has now put a halt to Covaxin’s progress toward receiving approval in America, casting doubts on Ocugen’s strategy and hurting its share price.\nThat the reasons for the FDA stopping Covaxin’s progress haven’t been made public adds to the uncertainty surrounding Ocugen.\nInvestors should also note that some critics have called into question Covaxin’slower efficacy against the delta variantcompared to vaccines from Pfizer(NYSE:PFE) and Moderna(NASDAQ:MRNA). However, others have said it is not a problem.\nWhy It Matters\nOcugen is not your typical biotechnology or pharmaceutical company. It is primarily focused on treating eye diseases and says on its website that its focus is to“cure blindness.”The company jumped on the Covid-19 vaccine train at the outset of the pandemic as the biotech and pharmaceutical industries raced to develop treatments against the deadly illness. However, rather than develop its own vaccine, Ocugen focused on trying to commercialize Covaxin in the U.S. Critics havecalled this strategy into question.\nFor Ocugen, the FDA halting progress of Covaxin makes it less likely that the Covid-19 vaccine will become available in the U.S. This reality is putting additional pressure on OCGN stock at a time when it was already in decline. While Ocugen’s share price has been as high as $18.77 this year, most of the increases were the result of it being treated as ameme stockby the retail investors. In January of this year, at the height of the meme stock craze, Ocugen’s stock jumped 769% in a matter of days, climbing to $15.81 from just $1.82.\nWhat’s Next for Ocugen\nThe FDA’s action is bad news for Ocugen as it lessens the likelihood that Covaxin will become commercially available in the U.S. In the near term, OCGN stock is likely to decline further. 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n comment","listText":"Like n comment","text":"Like n 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