But the sale of NeoCart appears to not yet have closed after its deadline was extended to allow Medavate to secure financing. The merger agreement has been unanimously approved by the Board of Directors of each company. To access a live audio webcast of the presentation on the “Investor Relations” page of the Histogenics website, please click This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. “This second amendment provides Medavate additional time to close their financing discussions with their investors.”“We are pleased to see Ocugen complete the merger with Histogenics and are eager to close the acquisition of the NeoCart™ technology to incorporate into our Precision Health platform,” said Stephen Shaya, M.D., Chief Medical Officer and Director of Medavate. For more information on Histogenics and NeoCart, please visit www.histogenics.com. The transaction is expected to close in late second quarter or third quarter of 2019, subject to approvals by stockholders of each company and other customary closing conditions.Canaccord Genuity LLC is acting as exclusive financial advisor to Histogenics on the proposed transaction and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP serves as legal counsel to Histogenics. There is currently no FDA approved treatment for RP.Upon closing of the transaction, Histogenics will be renamed Ocugen, Inc. and will be headquartered in Malvern, Pennsylvania under the leadership of Ocugen’s current management team. The companies are planning to sell the underlying intellectual property related to NeoCart. For additional information on other Scimitar media services or reposting please email The information included above as well as individual companies and/or securities mentioned should be construed as guidance in RMi reviews.The facts stated and the opinions given in this publication are based on data and information considered to be reliable and have been carefully worked into my qualitative analyses and prognoses. In preclinical studies, OCU200 demonstrated superior efficacy compared to anti-VEGF therapies in reducing choroid neovascularization (CNV) lesion areas in laser-induced rats and mice CNV models. And a partnership with China’s That product drives the current bull case for Ocugen stock. com - August 27 at 5:31 PM. The company initiated its Phase 3 trial of OCU300 back in July 2018. Corporate Contact: Ocugen, Inc. Kelly Beck kelly.beck@ocugen.com +1 484-328-4698 Media Contact: LaVoieHealthScience Emmie Twombly etwombly@lavoiehealthscience.com +1 857-389-6042 ocugen-logo-color.png The Company has scheduled a conference call and webcast for 8:30 a.m. Following the merger, Ocugen stockholders will hold approximately 90% of the shares of the new company, while current HSGX stockholders will have 10%. There’s an opportunity here. The merger agreement provides that the Board of Directors of the combined company will be comprised of seven directors designated by Ocugen. But realizing value in practice usually is a difficult endeavor.From a near-term standpoint, there are two key risks. OCU400 has received two orphan drug designations (ODD) targeting two distinct IRDs. According to the prospectus, the combined company posted an operating loss of roughly $30 million in 2018. Even though Ocugen did raise $25 million in a private placement, the story behind OCU300 clearly was not enough to support an initial public offering on its own.A $30 million market capitalization doesn’t mean Ocugen has no chance.


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