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Ocugen | 8-K: Ocugen Provides Business Update with Third Quarter 2024 Financial Results

Ocugen | 8-K: Ocugen Provides Business Update with Third Quarter 2024 Financial Results

Ocugen | 8-K:Ocugen提供2024年第三季度财务业绩的最新业务情况
美股SEC公告 ·  11/08 10:45

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Ocugen announced Q3 2024 financial results and provided updates on its gene therapy programs. The company closed $30M in debt financing post-quarter, extending cash runway into Q1 2026. OCU400's Phase 3 trial for retinitis pigmentosa is on track to complete enrollment in 1H 2025, with expansion into Canada approved.OCU410 has entered Phase 2 of its Phase 1/2 trial for geographic atrophy, while OCU410ST received DSMB approval to proceed to Phase 2 for Stargardt disease. Ocugen will present new data from these trials at an upcoming clinical showcase. The company's cash totaled $39M as of September 30, 2024.Q3 operating expenses were $14.4M, including $8.1M for R&D and $6.3M for G&A, compared to $16.1M in Q3 2023. Ocugen emphasized its focus on modifier gene therapies targeting multiple disease mutations with a single treatment, differentiating it from competitors in the blindness disease space.
Ocugen announced Q3 2024 financial results and provided updates on its gene therapy programs. The company closed $30M in debt financing post-quarter, extending cash runway into Q1 2026. OCU400's Phase 3 trial for retinitis pigmentosa is on track to complete enrollment in 1H 2025, with expansion into Canada approved.OCU410 has entered Phase 2 of its Phase 1/2 trial for geographic atrophy, while OCU410ST received DSMB approval to proceed to Phase 2 for Stargardt disease. Ocugen will present new data from these trials at an upcoming clinical showcase. The company's cash totaled $39M as of September 30, 2024.Q3 operating expenses were $14.4M, including $8.1M for R&D and $6.3M for G&A, compared to $16.1M in Q3 2023. Ocugen emphasized its focus on modifier gene therapies targeting multiple disease mutations with a single treatment, differentiating it from competitors in the blindness disease space.
Ocugen公布了2024年第三季度财务结果,并提供了其基因治疗项目的更新。该公司在季度结束后完成了3000万美元的债务融资,将现金流延续至2026年第一季度。OCU400针对视网膜色素变性( retinitis pigmentosa )的第三阶段临床试验预计将于2025年上半年完成入组,并已获准扩展至加拿大。OCU410已进入其1/2期试验的第二阶段,针对地理性萎缩,而OCU410St则获得了DSMB的批准,进入第二阶段针对斯塔加特病。Ocugen将在即将举行的临床展示会上展示这些试验的新数据。截止到2024年9月30日,该公司的现金总额为3900万美元。第三季度的营业费用为1440万美元,包括810万美元的研发费用和630万美元的管理费用,而2023年第三季度则为1610万美元。Ocugen强调其专注于针对多种疾病突变的修饰基因疗法,使用单一治疗方案,这使其与盲疾领域的竞争对手区分开来。
Ocugen公布了2024年第三季度财务结果,并提供了其基因治疗项目的更新。该公司在季度结束后完成了3000万美元的债务融资,将现金流延续至2026年第一季度。OCU400针对视网膜色素变性( retinitis pigmentosa )的第三阶段临床试验预计将于2025年上半年完成入组,并已获准扩展至加拿大。OCU410已进入其1/2期试验的第二阶段,针对地理性萎缩,而OCU410St则获得了DSMB的批准,进入第二阶段针对斯塔加特病。Ocugen将在即将举行的临床展示会上展示这些试验的新数据。截止到2024年9月30日,该公司的现金总额为3900万美元。第三季度的营业费用为1440万美元,包括810万美元的研发费用和630万美元的管理费用,而2023年第三季度则为1610万美元。Ocugen强调其专注于针对多种疾病突变的修饰基因疗法,使用单一治疗方案,这使其与盲疾领域的竞争对手区分开来。
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