Ocugen's stock gains 8% on promising COVID-19 booster data from partner Bharat Biotech

ocugen's-stock-gains-8%-on-promising-covid-19-booster-data-from-partner-bharat-biotech

Shares of Ocugen Inc. OCGN, -1.69% were up 8.1% in premarket trading on Monday, two days after a preprint came out Friday outlining Phase 2 clinical trial results for a COVID-19 booster dose being developed by Bharat Biotech, a privately held biotech based in Hyderabad. A preprint is a type of preliminary medical research that has not been peer-reviewed and is a common way to put out scientific information during the pandemic. The 184 participants in the study reported an increase in neutralizing antibody titers in the mid-stage study after receiving a booster dose of Covaxin. The experimental COVID-19 vaccine has not been approved or authorized in the U.S.; however, it’s received emergency authorization in more than 17 countries. Ocugen’s stock is down 10.7% so far this year, while the S&P 500 SPX, -0.41% has declined 1.8%.

Source: Marketwatch

Related Posts