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Stock impact report

Why Ocugen Stock Zoomed 12% Higher Today [Yahoo! Finance]

Ocugen, Inc. (OCGN) 
Company Research Source: Yahoo! Finance
This is one of the top pharma companies in the prosperous Asian country. 10 stocks we like better than Ocugen › On Monday, investors clearly saw excellent value in the stock of Ocugen (NASDAQ: OCGN) , a biotech that concentrates on treatments for eye disorders. They traded the company's shares up by more than 12%, on the back of a fresh licensing agreement signed with a peer in Asia. That 12% absolutely trounced the 0.5% rise of the S&P 500 index today. A licensing deal with a major Asian pharma Ocugen announced that it has signed a licensing deal with Kwangdong Pharmaceutical in South Korea. Under the terms of the arrangement, Kwangdong will own the exclusive rights throughout South Korea for OCU400, an investigational drug targeting retinitis pigmentosa (RP). This is a disorder of the retina that causes progressive loss of vision. Image source: Getty Images. For the license, Ocugen is to be paid up-front fees and near-term development milestones amounting to as much as Show less Read more
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