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The company offers Production System, an industrial manufacturing solution Shop System, a mid-volume binder jetting platform X-series platform for serial production binder jet 3D printed metal, ceramic, or composite parts, balancing speed, and quality and Studio System, an office metal 3D printing system and Fiber platform that offers a desktop 3D printer. engages in manufacture and sale of additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific.
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Even with NVIDIA crushing expectations and seeing strong PC gaming demand, sales growth is expected to slow from an estimated 49% in fiscal 2022 to a high single digit percentage in each of the next two fiscal years. One reason for tempered expectations at this point has to be valuation. Following its incredible run higher (NVIDIA has doubled over the past year), graphics processing unit giant NVIDIA closed 3% above Wall Street's consensus price target, as of June 17. NVIDIA: Implied downside of 3%ĭon't adjust your computer, laptop, or smartphone screens - that really says NVIDIA ( NVDA -1.70%). Though it's impossible to predict how long COVID-19 vaccine immunity will last, Ocugen's chances of being a significant player in the U.S. That means added costs and an even longer wait before Ocugen has a chance to penetrate the lucrative U.S. prior to submitting Covaxin for approval. This is a fancy of saying that Ocugen will very likely have to run a clinical study in the U.S. Food and Drug Administration's requested additional information and data on Covaxin.
In other words, Ocugen's path to a quick emergency approval in the U.S.
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and would instead file for a biologics license application. Even though partner Bharat Biotech led a large clinical study in India that yielded an overall efficacy of 78%, along with 100% efficacy in preventing severe forms of COVID-19, Ocugen announced on June 10 that it would forgo seeking an EUA in the U.S.
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The company behind an experimental COVID-19 vaccine (Covaxin) and a trio of internally developed eye-blindness candidates is expected to shed 18% of its value, if Wall Street's consensus price target is correct.Īrguably the biggest issue for Ocugen is the clinical update the company issued on June 10 concerning Covaxin. Volatile clinical-stage biotech stock Ocugen ( OCGN 1.66%) may also be in for an unpleasant next 12 months.
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