OCU-400 is a gene therapy commercialized by Ocugen, with a leading Phase II program in Retinitis Pigmentosa (Retinitis);Leber Congenital Amaurosis (LCA). According to Globaldata, it is involved in 2 clinical trials, of which 1 is ongoing, and 1 is planned. GlobalData uses proprietary data and analytics to provide a complete picture of OCU-400’s valuation in its risk-adjusted NPV model (rNPV). Buy the model here.
The revenue for OCU-400 is expected to reach an annual total of $177 mn by 2038 globally based off GlobalData’s Expiry Model. The drug’s revenue forecasts along with estimated costs are used to measure the value of an investment opportunity in that drug, otherwise known as net present value (NPV). Applying the drug’s phase transition success rate to remaining R&D costs and likelihood of approval (LoA) to sales related costs provides a risk-adjusted NPV model (rNPV). The rNPV model is a more conservative valuation measure that accounts for the risk of a drug in clinical development failing to progress.
OCU-400 Overview
OCU-400 is under development for the treatment of inherited degenerative retinal diseases (IRDs) such as NR2E3, CEP290, PDE6B and RHO mutation-associated recessive retinal degeneration, Leber Congenital Amaurosis (LCA), Bardet-Biedl Syndrome (BBS), enhanced S-cone syndrome and rhodopsin mutations associated retinitis pigmentosa and other retinal degenerations. It is administered as sub-retinal injection. The therapeutic candidate is an adeno-associated virus serotype 5 capsid containing the gene for human nuclear hormone receptor NR2E3. It is developed based on modifier gene therapy platform. It acts by targeting centrosomal protein of 290 kDa (CEP290) and Rhodopsin
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Ocugen Overview
Ocugen Is a biopharmaceutical company that discovers, develops and commercializes drugs for treatment. It is investigating OCU-400 against NR2E3, RHO, CEP290, and PDE6B mutation-associated retinal degeneration; and OCU-410 targeting dry age-related macular degeneration. The company is developing OCU200 drugs to treat diabetic macular edema, diabetic retinopathy, and wet-age-related macular degeneration. Ocugen is also investing OCU410ST for stargardt orphan disease. It utilizes a modified gene therapy platform to develop its products. The company operates in Ireland and the US. Ocugen is headquartered in Malvern, Pennsylvania, the US.
The operating loss of the company was US$84.9 million in FY2022, compared to an operating loss of US$57.6 million in FY2021. The net loss of the company was US$81.4 million in FY2022, compared to a net loss of US$58.4 million in FY2021.
For a complete picture of OCU-400’s valuation, buy the drug’s risk-adjusted NPV model (rNPV) here.
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