Ocugen's selling point to investors is its COVID vaccine candidate Covaxin. Ocugen partnered with India's Bharat Biotech for the commercialization of the vaccine in Canada and the United States. The two companies reported fairly strong overall efficacy and safety results for the vaccine last July. Covaxin is already in use in India via an Emergency Use Authorization in the country, with over 45 million doses being administered to date. Ocugen and Bharat Biotech are reportedly working with regulators to secure approvals for the vaccine in both Canada and the United States.
Aren't vaccine players old news? Big vaccines developers have probably had their day in the sun from this particular catalyst. But the truth is that there will be a real need for COVID vaccines for a long time to come. So while Ocugen's vaccine surely won't be a mega-blockbuster, it could post decent sales in the years to come. Despite its latecomer status, for example, Wall Street still thinks this vaccine might generate around $260 million per year in sales by 2025. That's a respectable revenue stream for a company with a market cap of approximately $1.4 billion at the time of this writing.
Ocugen is still a clinical-stage biotech without a reliable revenue stream, and a lot can go wrong while Covaxin's regulatory process plays out. As such, this speculative biotech is probably only a great buy for investors who are comfortable with heavy levels of risk.
https://www.fool.com/investing/2021/10/04/2-best-biotech-stocks-to-buy-in-october/
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