How Risky Is Ocugen?
Ocugen (NASDAQ: OCGN) wowed investors when its stock soared as much as 763% from the start of the year to its peak in February. It's given up some gains, but the stock has still posted a healthy 300% increase year to date. Why all the excitement? The biotech company partnered with India's Bharat Biotech to co-market Bharat's close-to-market COVID-19 vaccine in the U.S.
Now, Ocugen is moving a step closer to bringing that potential product -- Covaxin -- to people's arms. The company plans to submit its request for emergency use authorization (EUA) to the U.S. Food and Drug Administration (FDA) in June. Knowing this, we may ask ourselves: How risky is this high-flying stock right now? Let's find out.
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Source Fool.com
