Ocugen Inc ( (OCGN) ) has released its Q1 earnings. Here is a breakdown of the information Ocugen Inc presented to its investors.
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Ocugen, Inc. is a biotechnology company specializing in gene therapies for blindness diseases, focusing on conditions like retinitis pigmentosa, Stargardt disease, and geographic atrophy. In its first quarter of 2025, Ocugen reported significant progress in its clinical trials, including the advancement of its OCU400 Phase 3 trial for retinitis pigmentosa and plans to initiate a Phase 2/3 trial for Stargardt disease. Financially, the company reported a net loss of $0.05 per share, consistent with the previous year, with operating expenses rising to $16.0 million. Despite the financial loss, Ocugen remains optimistic about its future, with plans to file three Biologics License Applications over the next three years, aiming to meet significant milestones in its clinical programs.