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Why Shares of Ocugen Are Dropping Today

TheMotleyFool

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Shares of Ocugen (NASDAQ: OCGN) dropped more than 3% on Friday. The stock opened at $7.46, but by 2:30 p.m., it was down to $7.25. Ocugen's stock is still up more than 295% for the year.

IMAGE SOURCE: GETTY IMAGES

The biggest driver for the move is likely the uncertainty around the company's partnership deal with India pharmaceutical company Bharat Biotech regarding Covaxin, an anti-coronavirus vaccine that is already being administered in India.

Source Fool.com

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