OCGN · Ocugen, Inc. · Documents
Substantial doubt about the company's ability to continue as a going concern.
“After evaluating these conditions and management’s plans, the Company has concluded that there is substantial doubt about the Company’s ability to continue as a going concern within one year after the date these unaudited condensed consolidated financial statements are issued.”View the 10-Q filed Nov 4, 2026
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Ocugen cited substantial doubt about continuing as a going concern within one year after issuance, citing recurring operating losses, negative cash flow and financing uncertainties. Cash and short-term investments totaled $84.3 million as of September 30, 2026.
Ocugen targets three BLAs by 2028: OCU400 in retinitis pigmentosa, OCU410ST in Stargardt disease and OCU410 in geographic atrophy. OCU400 received provisional Bahamas approval; OCU410’s Phase 3 began in 3Q 2026, and OCU410ST enrollment is complete.
Ocugen granted Roots Pharmaceutical Company WLL exclusive rights to OCU400, receiving upfront and development milestones up to $4 million, sales milestones up to $255.0 million, and a 22% net-sales royalty.
Ocugen reconvened its Special Meeting on October 5, 2026 and adjourned again solely to consider a proposal to increase authorized common shares by 250,000,000; the reconvened meeting is scheduled for October 26, 2026 at 8:00 a.m., Eastern Time.
Ocugen stockholders approved adjourning the special meeting solely to reconsider increasing authorized common stock by 250,000,000 shares, with voting on that proposal rescheduled for October 5, 2026, at 8:00 a.m., Eastern Time.