Ocugen's Cash, Cash Equivalents, And Restricted Cash Totaled $16M As Of June 30, 2024, Subsequent To June 30, 2024, The Company Closed A Public Offering With Net Proceeds Of $32.6 Million—Extending Its Expected Cash Runway Into The Third Quarter Of 2025
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Ocugen reported $16 million in cash, cash equivalents, and restricted cash as of June 30, 2024. The company also closed a public offering with net proceeds of $32.6 million, extending its cash runway into Q3 2025.
August 08, 2024 | 10:54 am
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Ocugen reported $16 million in cash and raised $32.6 million from a public offering, extending its cash runway into Q3 2025.
The additional funds from the public offering significantly extend Ocugen's cash runway, providing financial stability and potentially boosting investor confidence in the short term.
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RELEVANCE 100