Home Top Movers What’s Driving Ocugen (OCGN) Stock Higher Pre-Market Today?

What’s Driving Ocugen (OCGN) Stock Higher Pre-Market Today?

The drugmaker Ocugen Inc (OCGN) has been surging nearly 4% at the start of the premarket session today. Before that, the previous session on Friday also came to be impressive for the stock as it closed with a rise of 36.87% to $10.95. Today’s premarket surged could be attributed to news surfaced from the Asian region that the Indian prime minister took his first vaccine shot today morning, which was of COVAXIN, a vaccine candidate the Ocugen has also been developing for U.S. markets in collaboration with an Indian firm.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

What really is happening?

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Biopharmaceutical company Ocugen, Inc. focuses its efforts on the discovery, development, and commercialization of gene therapies for the treatment of blindness diseases and has also been developing a vaccine to protect people from COVID-19. Its breakthrough gene therapy platform can treat a variety of retinal diseases by providing one therapy for multiple diseases. Innovative therapies for patients with chronic diseases such as wet macular degeneration, diabetic macular edema, and diabetic retinopathy will be available through its novel biologic candidate. Covaxin vaccine candidate for COVID-19 is being developed in the U.S. market by the company in conjunction with Bharat Biotech.

Read More

It was announced last week that Ocugen’s OCU400 has been recommended by the European Medicines Agency (EMA) for the treatment of Leber congenital amaurosis and retinitis pigmentosa (RP).

  • The European Commission has granted orphan medicinal product designation to the drug based on that recommendation.
  • There are approximately 165,000 patients with RP in Europe and 40,000 patients with LCA in the region.
  • According to estimates, approximately 2.0 million people reside in the world with RP, and 0.2 million suffer from LCA.
  • An orphan medicinal drug designation in Europe offers certain benefits to a company while it develops drugs for treating, diagnosing, or preventing diseases and conditions that affect fewer than 5 out of 10,000 patients in the region.
  • The government will assist companies in obtaining protocol assistance, reduced regulatory charges, research grants, and ten years of market exclusivity following regulatory approval of such designated products.

    Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

Conclusion:

The Ocugen stock could continue the rally today that it has started in last trading, or can at least raise the investor’s sentiment for a while in pre-market as well as regular session today. However, its potential could be counted higher as its co-developed vaccine for vast market of India could bring in strong revenues at an accelerated pace.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Amarin Corporation plc (NASDAQ: AMRN) stock plunged in the premarket trading session; here’s why

In the premarket trading session, Amarin Corporation plc (AMRN) stock had plunged by -4.56% to $4.4. AMRN stock closed previous session at $4.61 gaining...

Why Second Sight Medical Products, Inc. (EYES) stock is Popping High today?

Second Sight Medical Products, Inc. (EYES) stock announced two-year results of its Orion Study after which the EYES stock price happened to be green...

Luokung Technology Corp. (LKCO) Stock Undergoes Volatility as Appeal Over CCMC Designation is Underway

Luokung Technology Corp. (LKCO) stock prices were down by 6.40% as of the market closing on May 11th, 2021, bringing the price per share...

Vista Gold Corp. (VGZ) Stock Inches Higher After Promising Q1 2021 Financial Reports

Vista Gold Corp. (VGZ) stock prices were up by an incremental 1.82% as of the market closing on May 11th, 2021, bringing the price...

Array Technologies, Inc. (ARRY) Stock Prices Stay Stable Despite Troubling Q1 2021 Financial Reports

Array Technologies, Inc. (ARRY) stock prices were up by a marginal 0.28% as of the market closing on May 11th, 2021, bringing the price...

Lucira Health Inc. (NASDAQ:LHDX) stock rallied today in the current trading session; here’s why

In the current trading session at last check, Lucira Health Inc. (LHDX) shares had surged by 15.32% to the price of $5.87. LHDX's stock...

PaySign, Inc. (PAYS) Stock Down Following Disclosure of Troubling Q1 2021 Financial Reports

PaySign, Inc. (PAYS) stock prices were down 15.0568% early in the trading day on May 12th, 2021, bringing the price per share down to...

Comstock Mining Inc. (NASDAQ:LODE) stock plunged in the current trading session; here’s why

In the current trading session at the last check, Comstock Mining Inc. (LODE) stock had plunged -3.25% to trade at $3.21. LODE stock previously...

Related News

Why Summit Wireless Technologies, Inc. (WISA) stock is Going high today?

Summit Wireless Technologies, Inc. (WISA) stock, a wireless sound technology company, provided an update for its first quarter ended March 31, 2021, today on...

Contextlogic Inc. (NASDAQ: WISH) stock rises during pre-market session. Let’s figure out why?

Contextlogic Inc. (NASDAQ: WISH) stock plunged by 0.84% at last close whereas the WISH stock price gains by 4.84% during pre-market session. WISH, which...

Biomerica Inc. (NASDAQ: BMRA) stock gains during pre-market. What’s driving it high?

Biomerica Inc. (NASDAQ: BMRA) stock declined by 17.23% at last close but later in pre-market session the BMRA stock soars by 13.78%. Biomerica is...

AgeX Therapeutics Inc. (NYSE:AGE) stock surged in the premarket trading session; here’s why

In the premarket trading session, at last check AGE stock surged by 7.2% to $1.34. AGE stock closed previous session at $1.25 losing -3.85%....

CuriosityStream Inc. (NASDAQ: CURI) stock fell during after-hour. Why is it so?

CuriosityStream Inc. (NASDAQ: CURI) stock declined by 3.37% at last close while the CURI stock continues to fall by 11.99% in the after-hour trading....

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.