Ocugen, a leading biotechnology company, has seen a 9% increase in shares, reaching 45 cents, following the announcement of an upcoming clinical trial. The trial will be conducted by the prestigious National Institute of Allergy and Infectious Diseases (NIAID), a part of the National Institutes of Health.
The purpose of the trial is to compare two different administration routes for Ocugen’s mucosal vaccine candidate, OCU500. The vaccine will be tested both through inhalation into the lungs and as a nasal spray. This presents an innovative approach to vaccine delivery and could have significant implications for the fight against Covid-19 and influenza.
With Ocugen’s stock hitting a 52-week low of 39 cents on September 19th, this recent development signals a positive shift for the company. Over the past year, their shares have experienced a considerable decline, plummeting by 73%. However, the introduction of OCU500 has the potential to change their trajectory.
OCU500 is based on a revolutionary chimpanzee adenovirus-vectored technology. This unique platform aims to provide protection against severe disease, enhance the longevity of immunity, and prevent viral transmission. Notably, Ocugen believes that OCU500 can be quickly adapted to combat emerging variants.
The NIAID will be conducting comprehensive clinical trials to assess various early-stage vaccine candidates. Once the trial is completed, Ocugen and NIAID will carefully evaluate the results and determine the next steps for OCU500. This collaborative effort between Ocugen and a renowned research institution highlights the promising potential of their mucosal vaccine platform.