NEW YORK, NY / ACCESSWIRE / June 10, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, is investigating potential securities violations and breach of fiduciary duty claims against Ocugen, Inc. (NASDAQ:OCGN).
Today, Ocugen announced that it would 'no longer pursue an emergency use authorization' for its COVID-19 vaccine candidate, Covaxin, and would instead go through the process of obtaining full approval. The company said that the decision was 'based on a recommendation from the U.S. Food and Drug Administration,' which also 'requested more information and data' for the approval. The news shocked the market, as the Company had previously indicated that it intended to apply for emergency use authorization. Shares of Ocugen are down over 15% in morning trading.
If you currently own shares and/or options of OCGN and want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at firstname.lastname@example.org.
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Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at Labaton.com.
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SOURCE: Labaton Sucharow LLP
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