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Ocugen initiated with a Buy at Canaccord

Canaccord initiated coverage of Ocugen (OCGN) with a Buy rating and $12 price target The company has three clinical stage programs in rare and non-rare retinal diseases, the analyst tells investors in a research note. Canaccord views the data thus far in all three programs as “interesting.” It believes Ocugen’s data in Q3 could be a “de-risking event.”

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