earnings
confidence high
sentiment neutral
materiality 0.60
Ocugen Q3 2024 cash $39M; extends runway into 1Q2026 on $65M in financings
Ocugen, Inc.
- Cash and restricted cash $39.0M as of Sept 30, 2024, vs $39.5M at Dec 31, 2023.
- Closed $30M debt and $35M equity financings in Q3, extending cash runway into 1Q2026.
- Total operating expenses $14.4M (R&D $8.1M, G&A $6.3M) vs $16.1M in Q3 2023.
- OCU400 Phase 3 liMeliGhT trial for RP on track to complete enrollment in 1H2025.
- OCU410 Phase 2 recruiting; OCU410ST DSMB approved Phase 2; OCU200 IND cleared for Phase 1.