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Ocugen reported Q2 2025 financial results, highlighting the initiation of dosing in OCU410ST Phase 2/3 GARDian3 pivotal confirmatory clinical trial, active dosing in OCU400 Phase 3 liMeliGhT clinical trial, and a proposed reverse merger with OrthoCellix to unlock NeoCart/regenerative cell therapies. The company also signed a binding term sheet for exclusive Korean rights to OCU400 with upfront fees and near-term development milestone payments totaling up to $11 million.

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