Covaxin must closely resemble (or beat) their candidates' performances, too. Article printed from InvestorPlace Media, https://investorplace.com/2021/03/ocugen-just-overcame-a-serious-hurdle/. And Ocugen has taken steps to assure a successful launch. 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. But there is another high barrier to overcome. If Covaxin is approved by the FDA, OCGN stock will skyrocket again. That would be a nightmare scenario that no one wants to see. As a result of the positive news, OCGN stock is up 0ver 13%. Ocugen’s Vaccine Scientific Advisory Board said, “The COVID-19 pandemic has caused unmatched devastation to individual patients and to the world. The AP news staff was not involved in its creation. Ocugen’s COVID-19 Vaccine Co-Development Partner, Bharat Biotech shares Phase 3 Interim Results of COVAXIN, Demonstrates Efficacy of 81% … We can imagine that boosters will be necessary. All rights reserved. The decision to partner with Bharat on Covaxin is good news because it brings a closer-to-market product into the fold. But let's imagine that Covaxin's data readout is incredibly positive. The U.S. That means 300 million people can be vaccinated with the 600 million doses from both companies, since both vaccines must be administered twice. When she’s not analyzing companies, she can be found writing fiction or trying to speak French as well as her 9-year-old daughter. But, due to what such an approval would indicate about the pandemic, I hope that scenario doesn’t play out. The company’s prior business is essentially irrelevant. So Covaxin's performance against new strains will be crucial. The high value indicates the optimism of investors in Covaxin. 1 Big Problem Ocugen Could Face That Investors Might Be Overlooking, Copyright, Trademark and Patent Information. Johnson & Johnson (NYSE:JNJ) and Novavax (NASDAQ:NVAX) have reported phase 3 data, and are seeking a share of the U.S. market as well. Specifically, Ocugen signed a deal with Indian company Bharat Biotech. All rights reserved. But Ocugen still has a significant battle in front of it. ... (BLA) approval in the US market for COVAXIN™. All of a sudden, it looks like Ocugen is just steps away from the finish line. Adria Cimino grew up with her nose in a book and a love of storytelling. Further, it may be associated with a greater risk of death in those who do contract it. Ocugen also raised $23 million in a direct offering of shares to institutional investors. If this scenario plays out, it may be worth giving this biotech a second look. Updated: Mar 05, 2021, 06.25 PM IST. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. The developer of Covaxin, Bharat Biotech, is now selling the product in its home country of India under emergency authorization. Bharat expects to generate results by March. The results clearly increase Ocugen’s chances of guiding Covaxin to FDA approval. Cumulative Growth of a $10,000 Investment in Stock Advisor, Should You Buy Ocugen for Its COVID Vaccine? 1125 N. Charles St, Baltimore, MD 21201. Investors will pile into Ocugen (NASDAQ:OCGN) stock based on its recent price movement. Swati Bharadwaj / TNN / … What Did the Stock Market Do Today? Ocugen Inc and Bharat Biotech on Tuesday announced they have entered into a definitive agreement to co-develop, supply and commercialise Bharat Biotech's Covaxin, an advanced stage whole-virion inactivated Covid-19 vaccine candidate, for the United States market. The question is, should you do so, too? The opportunity is obvious, but frankly it isn’t something the world should be hoping for. Bharat Biotech, Biotech, Covaxin, COVID-19 Vaccine, News, OCGN Ocugen Skyrockets On $23M Capital Raise Issued At 46% Premium Monday, February 8, 2021 - 5:21am | 362 Ocugen is also in active discussions with manufacturers in the US to produce a significant number of doses of Covaxin to support its US immunisation programme. RBLX Stock IPO: When Does Roblox Go Public? That means 300 million people can be vaccinated with the 600 million doses from both companies, since both vaccines must be administered twice. Copyright © Dr. Bruce Forrest who is a member of Ocugen’s advisory board had this to say regarding Covaxin, FDA approval and the U.K. variant of Covid-19: “Today’s results from the interim analysis of Bharat Biotech’s Phase 3 trial of Covaxin mark a milestone in the development of another critical vaccine option for the US market. If the vaccine candidate is able to gain even a small share of the U.S. market in the coming years, it would offer Ocugen a revenue source. Ocugen Inc and Bharat Biotech on Tuesday announced they have entered into a definitive agreement to co-develop, supply and commercialise Bharat Biotech's Covaxin, an … That leaves little room for new players in that market. Covaxin's positive trial is great news for Ocugen, which could use additional revenue. But, assuming that such a scenario plays out, what will Ocugen’s revenue stream look like? The good news is that Ocugen may have a chance at market share once the population needs to be vaccinated more than once or on a regular basis. With the recent progression of COVAXIN use under EUA in India, I am confident that we will be able to work with Ocugen to develop a plan to bring COVAXIN to … And that means buying shares of Ocugen just for its coronavirus vaccine probably isn't a good idea. Phase 3 trial results of the shot, though, have gotten it much closer to being approved. The CDC has stated that the U.K. variant spreads quicker and more easily than previous strains. On March 3, Ocugen released interim Phase 3 … On Feb. 2, Ocugen signed a definitive agreement for a partnership with an Indian novel coronavirus vaccine developer, Bharat Biotech. On March 3, Ocugen released interim Phase 3 results which showed that the shot was 81% effective in preventing initial cases of Covid-19. So it’s clear that the U.S. probably won’t be purchasing Covaxin unless the U.K. variant becomes a serious enough issue and other vaccines are ineffective against it. That works out to a cost of $14.25 per dose. Bharat Biotech, Ocugen ink Covaxin deal for US; Bharat Biotech, Ocugen ink Covaxin deal for US . However, Ocugen was able to price its shares at $7.65, or roughly 46 per cent higher than the price at which they closed on Friday. Below are the latest news stories about Ocugen Inc that investors may wish to consider to help them evaluate OCGN as an investment opportunity. But Covaxin could be positive for Ocugen in another way. Further, it may be associated with. The U.S. government already has ordered enough vaccines to inoculate most of the U.S. population. and 300 million doses of Moderna’s (NASDAQ:MRNA) vaccine. If Washington buys 100 million doses, Ocugen would receive between $641.25 million and $877.5 million, based on the terms of its deal with Bharat. In … Covaxin Efficacy Yet to be Reviewed by Govt, Bharat Biotech to Submit Data in 2-3 Days: Report. On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. Vaccine developers haven't clearly said how often people will need to be vaccinated against COVID, but Moderna has offered a few clues. So, with the possibility of a new coronavirus vaccine on the market in the U.S. -- should you buy shares of Ocugen? So if the jab is approved by the FDA,  Ocugen will market it in the U.S. It's already said that its vaccine is likely to protect for a year or two. COVAXIN is one of the two vaccines approved for emergency use in India, though efficacy data from its late-stage trial is yet to be published. 1125 N. Charles St, Baltimore, MD 21201. Earlier this month, Ocugen finalized a deal to codevelop and commercialize Covaxin in the U.S. Prior to joining The Fool as a contract writer focused on healthcare and consumer goods, Adria covered the stock market for Bloomberg News in Paris. @themotleyfool #stocks $OCGN $PFE $JNJ $NVAX $MRNA, Here's the Biggest Problem Ocugen Faces Right Now. A clinical stage biopharmaceutical company Ocugen, Inc.’s (OCGN) share price went through the roof after the company disclosed its plans to co-develop Bharat Biotech’s coronavirus vaccine candidate, COVAXIN, for the U.S. market. What to Know About the SSR Stocks Rule as GME Moves Wildly >>> READ MORE, 2 Charts That Prove This Is Not Dot-Com 2.0, Be Careful With Churchill Capital IV Stock, While the Lucid Deal’s Still Pending, Matt McCall and the InvestorPlace Research Staff. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. RELATED NEWS. Hyderabad News. The company specializes in gene therapies for eye diseases that cause blindness. The U.S. now has ordered 300 million doses of the Pfizer (NYSE:PFE)/BioNTech (NASDAQ:BNTX). Ocugen’s COVID-19 Vaccine Co-Development Partner, Bharat Biotech shares Phase 3 Interim Results of COVAXIN, Demonstrates Efficacy of 81% Ocugen Inc and Bharat Biotech have announced “a definitive agreement” to co-develop, supply, and commercialise Covaxin for the United States market. Dogecoin Is Fully Capable of Going ‘Whale’ Hunting, Short-Sale Restrictions: What to Know About the SSR Stocks Rule as GME Moves Wildly, Should You Buy GameStop Stock? And that revenue would help fund the rest of Ocugen's pipeline programs. Ocugen has attained the rights to Covaxin within the U.S. market. Earlier this month, Ocugen finalized a deal to codevelop and commercialize Covaxin in the U.S. The company has three such candidates in the pipeline for eight indications. That works out to $19.50 per dose. Ocugen Inc Blogs, Comments and Archive News on Economictimes.com Have you read these stories? 2020 Status: Bharat Biotech joined Ocugen December 22 to announce the companies signed a binding letter of intent (LOI) to co-develop COVAXIN for … The U.S. government already has ordered enough vaccines to inoculate most of the U.S. population. Shares of Ocugen Inc. OCGN, -2.56% soared 31.0% in premarket trading Wednesday, after the biopharmaceutical company said its co-development partner … That gives Covaxin a better chance of beating new viral strains. H.C. Wainwright analyst Swayampakula Ramakanth raised his rating on Ocugen's stock on Thursday from neutral to buy and placed a $4.50 price forecast on its shares. All of this means it may be difficult for Ocugen to carve out a significant share of the U.S. market -- even down the road. Reliance to cover vaccination costs for employees. But here's another point to keep in mind: For Ocugen to take market share from Moderna and Pfizer later on, it will have to offer an advantage. But many roadblocks have to be overcome before the vaccine reaches that point. As a result, OCGN stock has jumped recently. Nasdaq This breadth of immune responses has been demonstrated by ability of antibodies induced by Covaxin to neutralize the UK variant of SARS-Cov-2,”. 3 Big Stories to Catch Up On. Adding to yesterday's gain after signing a Covaxin pact with India’s Bharat Biotech, Ocugen (NASDAQ: OCGN) is up a further +168% premarket on plans to modify the shares to be issued. The firm has tied-up with specific hospitals to roll out the vaccination drive for employees at the places … Ocugen points out a positive detail, though: Covaxin has invoked an immune response to various viral proteins -- not just the spike protein that the virus uses to infect host cells. Stock Advisor launched in February of 2002. Bharat Biotech sold 20,000,000 doses of Covaxin to Brazil recently for 1.6 Brazilian Reais ($285 million). Then what will Ocugen's chances of success be with this vaccine candidate under its belt? Ocugen (OCGN) to receive initial supply of COVAXIN™ doses from Bharat Biotech upon authorization from US regulatory authorities while it ramps up manufacturing in the US; COVAXIN™ received EUA (Emergency Use Authorization) in India in January and is currently in a fully enrolled Phase 3 clinical trial involving 25,800 patients Over 1.90 Crore Jabbed Against Coronavirus, India Records Highest Single Day Vaccination . Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. As per the LoI, Ocugen will have the US rights to Covaxin and will take up clinical development, registration, and commercialisation of the vaccine candidate for the US market in collaboration with Bharat Biotech, the two players said in a joint statement. This is clearly great news for both Ocugen and Bharat Biotech, as it brings the company one step closer to FDA Emergency Use Approval. We’re motley! The biggest problem right now for Ocugen is its deal with Bharat allows it to eventually sell Covaxin only in the U.S. -- and Pfizer and Moderna have deals in place with the federal government which allow them to supply enough vaccines to inoculate the entire population. Market data powered by FactSet and Web Financial Group. The coronavirus vaccine race didn't include Ocugen (NASDAQ:OCGN) a few months ago. If the U.K. variant does prove to be more dangerous and Covaxin receives FDA approval, Ocugen could potentially benefit from a strong revenue stream. Vaccines against infectious diseases aren't Ocugen's usual business. Of course, at this point, the biggest risk is a negative or lackluster data report. OCGN stock has rallied on the results of Phase 3 clinical trials of Covaxin that were conducted in India. OCGN stock has rallied on the results of Phase 3 clinical trials of Covaxin that were conducted in India. Bharat Biotech's Covaxin was granted restricted emegency use approval in 'clinical trial mode' on January 2. The shares have rallied because yesterday Ocugen received very promising news regarding the Phase 3 trial results of Covaxin, a vaccine for the novel coronavirus. If the FDA does give Covaxin the nod, then Bharat Biotech will supply Ocugen with the first doses of Covaxin. And yet, recently, this biotech company leapt past rivals. It's too early to say whether Covaxin is a strong vaccine candidate; we'll have to see phase 3 data first. quotes delayed at least 15 minutes, all others at least 20 minutes. So if the U.S. purchases Covaxin, investors can assume it will pay between $14.25 and perhaps $19.50 for the jab.
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