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Mar 31, 2023
Ocugen Q1 2023 Earnings Report
Ocugen reported financial results for the first quarter of 2023 and provided a business update.
Key Takeaways
Ocugen reported a net loss of $0.07 per share for the first quarter of 2023. The company's cash, cash equivalents, and investments totaled $76.7 million as of March 31, 2023, which is expected to fund operations into the first quarter of 2024.
Announced positive preliminary safety and efficacy results from the Phase 1/2 trial of OCU400 for the treatment of Retinitis Pigmentosa (RP) and Leber Congenital Amaurosis (LCA).
Received Orphan Drug Designation (ODD) from the FDA for OCU410ST for the Treatment of ABCA4-Associated Retinopathies.
Submitted Multiple Proposals for Federal Funding of Ocugen’s Inhaled Vaccines for COVID-19 and Flu.
Focusing efforts on the development of the inhaled mucosal vaccine platform, starting with quadrivalent flu and bivalent COVID-19.
Ocugen
Ocugen
Forward Guidance
Ocugen will continue to deliver on corporate goals and scientific programs throughout 2023 and looks forward to providing updates across its comprehensive portfolio in the coming months.