share repurchase news out - The other board closed moving you here lol. I think the header needs to be changed due to the merger.
IM NOT In I didn't like filings and dilution and I like playing tankers I see 1.58 this morning but am skeptical
Ocugen Announces Share Repurchase Program
MALVERN, Pa., Oct. 09, 2019 (GLOBE NEWSWIRE) -- Ocugen, Inc., (NASDAQ: OCGN) today announced that its Board of Directors unanimously approved a share repurchase program authorizing the repurchase of up to $2 million in value of its outstanding common stock. Ocugen believes its shares are significantly undervalued and this decision reflects Ocugen’s continued confidence in achieving its corporate goals and commitment to increasing value for its stockholders.
Pursuant to this repurchase program, Ocugen plans to repurchase stock through a broker in the open market, provided that the timing, actual number and price per share of the common stock to be purchased will be subject to management discretion and board guidance, market conditions, applicable legal requirements, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended, and various other factors.
As of October 9, 2019, Ocugen had 12.2 million shares of common stock outstanding.
Ocugen recently announced its strategic partnership with CanSinoBIO, a publicly listed biotech company with a market cap of approximately $1B, to develop OCU400, Ocugen’s orphan drug designated gene therapy candidate in its modifier gene therapy platform. Under this partnership, CanSinoBIO will be responsible for all CMC development and manufacturing of clinical supplies, including all associated costs. This partnership provides Ocugen greater flexibility with its capital resources. Ocugen is also continuing enrollment in its Phase 3 study for OCU300 for ocular graft versus host disease. Ocugen anticipates receiving topline results for the Phase 3 study in the second half of 2020.
Investing is for those who don't know how to trade
