Oragenics, Inc. Announces Expiration Of Its Investment Banking Engagement Agreement
Portfolio Pulse from Benzinga Newsdesk
Oragenics, Inc. (OGEN) announced the expiration of its investment banking engagement agreement, choosing not to extend it due to market conditions. The company is developing ONP-002, a neurosteroid for treating mild Traumatic Brain Injury (mTBI), showing promising preclinical results. The global market for concussion treatment is expected to grow from $6.9 billion in 2020 to $8.9 billion by 2027.
February 07, 2024 | 1:19 pm
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Oragenics, Inc. announced the end of its investment banking agreement and is focusing on developing ONP-002 for mTBI, with a growing market for concussion treatments.
The expiration of the investment banking agreement might initially concern investors about funding and support for Oragenics' projects. However, the promising development of ONP-002 and the growing market for concussion treatments could offset these concerns. The decision not to extend the banking agreement is attributed to market conditions, which might be temporary. The focus on ONP-002's development, given its potential in a significant and expanding market, could maintain investor interest and potentially attract new investment opportunities.
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