To make this very clear, this is not a fast buy and sell trading stocks and definitely not a meme stock.
- Initially, $Histogenics(OCGN)$ decided to apply for EUA which is emergency use authorization which will allow the use of its vaccines used in an emergency to diagnose, treat, or prevent serious or life-threatening diseases or conditions.
- However, $Histogenics(OCGN)$ decided not to go for EUA but the BLA which has the FDA approval. This has higher standard and is more stringent. Even $Pfizer(PFE)$ ,$Moderna, Inc.(MRNA)$ and $Johnson & Johnson(JNJ)$ have not gotten FDA approval. No coronavirus vaccine is fully approved by FDA.
- $Histogenics(OCGN)$ has made almost USD 25 million commitment to commercialize and extend it rights to sell vaccines it Canada and North America. This clearly shows the confidence and direction.
- Lastly, during April, $Histogenics(OCGN)$ reports strong phase 3 results for its vaccine.
I am just waiting for good news and we will have new vaccines for everyone.
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Good luck