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Ocugen Soars 10.09% on OrthoCellix Merger News
Generated by AI AgentAinvest Pre-Market Radar
Tuesday, Jun 24, 2025 5:46 am ET1min read
On June 24, 2025, Ocugen's stock surged by 10.09% in pre-market trading, marking a significant uptick in investor interest.
Ocugen Inc. recently announced a definitive agreement for its subsidiary, OrthoCellix, to merge with
. This all-stock deal aims to advance OrthoCellix's NeoCart technology, which is designed to treat knee cartilage defects. The merger is expected to be completed in the second half of 2025, with OrthoCellix continuing as the surviving entity under the new name OrthoCellix, Inc. and trading on the Nasdaq Capital Market under the ticker symbol 'OCLX'.Following the merger, OrthoCellix's stockholders and other financing participants are anticipated to own about 90% of the combined company, while existing Carisma stockholders will hold around 10%. The merger includes a $25 million financing to support the Phase 3 trial of NeoCart, which OrthoCellix plans to launch by the end of 2025. This strategic move is expected to revolutionize cartilage repair and deliver advanced technology to patients in need, potentially driving Ocugen's stock price higher in the coming months.
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