超级白
2021-10-21
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7 Reasons Why Novavax Is a No-Brainer Pick Over Ocugen<blockquote>Novavax比Ocugen更容易选择的7个原因</blockquote>
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Ocugen's share price has skyrocketed roughly seven times more than Novavax's has.</p><p><blockquote>股票表现之间不存在竞争<b>Novavax</b>（纳斯达克：NVAX）和<b>奥库根</b>（纳斯达克：OCGN）今年迄今为止。Ocugen的股价飙升约为Novavax的七倍。</blockquote></p><p> Does that make Ocugen the smarter vaccine stock to buy right now? Not at all. Here are seven reasons why Novavax stock is a no-brainer pick over Ocugen.</p><p><blockquote>这是否使Ocugen成为现在购买更明智的疫苗股票？一点也不。以下是Novavax股票比Ocugen更容易选择的七个原因。</blockquote></p><p> 1. A path to EUA in the U.S.</p><p><blockquote>1.美国EUA之路。</blockquote></p><p> Ocugen's share price skyrocketed more than 750% year to date twice in 2021. But much of that massive gain evaporated after the company disclosed in June that it would no longer pursue Emergency Use Authorization (EUA) in the U.S. for COVID-19 vaccine Covaxin.</p><p><blockquote>Ocugen的股价在2021年两次飙升超过750%。但在该公司6月份披露将不再在美国寻求COVID-19疫苗科瓦克辛的紧急使用授权(EUA)后，这一巨大收益大部分消失了。</blockquote></p><p> The company opted to go for full approval once the U.S. Food and Drug Administration limited which vaccines would be reviewed under the EUA program. So far, however, Ocugen hasn't begun the late-stage clinical studies that will be required to win full FDA approval.</p><p><blockquote>该公司选择在美国获得全面批准后立即获得批准。美国食品药品监督管理局限制了哪些疫苗将在EUA计划下接受审查。然而，到目前为止，Ocugen尚未开始获得FDA全面批准所需的后期临床研究。</blockquote></p><p> Meanwhile, Novavax still has U.S. EUA for its COVID-19 vaccine candidate NVX-CoV2373 as a top priority. The company will be later than it hoped in filing for authorization in the U.S.However, it has the potential to launch in the U.S. much sooner than Ocugen could.</p><p><blockquote>与此同时，Novavax仍将其COVID-19候选疫苗NVX-CoV2373的美国EUA作为重中之重。该公司在美国申请授权的时间将比预期的要晚。然而，它有可能比Ocugen更早在美国推出。</blockquote></p><p> Ocugen still hopes to obtain authorization for Covaxin in Canada. But the U.S. stands as the big prize. And it's a prize for which Novavax clearly has a better opportunity right now.</p><p><blockquote>Ocugen仍希望获得科瓦克辛在加授权。但美国是大奖。Novavax现在显然有更好的机会获得这个奖项。</blockquote></p><p> 2. Supply deals already in hand</p><p><blockquote>2.已在手的供应交易</blockquote></p><p> Some investors focus entirely on the approval or authorization process for COVID-19 vaccines. Without supply agreements in place with at least one country, though, any regulatory wins will be hollow victories.</p><p><blockquote>一些投资者完全关注COVID-19疫苗的批准或授权流程。然而，如果没有与至少一个国家达成供应协议，任何监管上的胜利都将是空洞的胜利。</blockquote></p><p> Ocugen doesn't have any supply deals finalized yet. Novavax, on the other hand, already has supply deals in place with the U.S., Canada, the EU, Australia, New Zealand, Japan (through its partner,<b>Takeda</b>), and Gavi, the Vaccine Alliance.</p><p><blockquote>Ocugen尚未敲定任何供应交易。另一方面，Novavax已经与美国、加拿大、欧盟、澳大利亚、新西兰、日本（通过其合作伙伴，<b>武田</b>）和疫苗联盟Gavi。</blockquote></p><p> 3. Full rights to its COVID-19 vaccine</p><p><blockquote>3.对其COVID-19疫苗的完全权利</blockquote></p><p> Ocugen secured commercialization rights from Bharat Biotech for Covaxin only in the U.S. and Canada. Its terms with Bharat allow the company to keep 45% of the profits from any sales of the COVID-19 vaccine in those two markets.</p><p><blockquote>Ocugen仅在美国和加拿大从Bharat Biotech获得了科瓦克辛的商业化权利。它与Bharat的条款允许该公司保留在这两个市场销售COVID-19疫苗利润的45%。</blockquote></p><p> Novavax developed NVX-CoV2373 on its own. It retains full rights to the vaccine, although it has partnered with other organizations to target some markets.</p><p><blockquote>Novavax自行开发了NVX-CoV2373。它保留了疫苗的全部权利，尽管它已经与其他组织合作瞄准了一些市场。</blockquote></p><p> 4. A stronger pipeline</p><p><blockquote>4.更强大的管道</blockquote></p><p> Other than Covaxin, Ocugen doesn't have any other pipeline candidates currently in clinical testing. The company has stated that it plans to advance experimental gene therapy OCU400 into two phase 1/2a clinical trials in 2021, but those studies haven't begun yet.</p><p><blockquote>除了科瓦克辛之外，Ocugen目前没有任何其他正在进行临床测试的候选产品。该公司曾表示，计划在2021年将实验性基因疗法OCU400推进到两项1/2a期临床试验中，但这些研究尚未开始。</blockquote></p><p> Novavax has already reported positive results from a phase 3 study of flu vaccine candidate NanoFlu. It kicked off a phase 1/2 study evaluating a combination of NVX-CoV2373 and NanoFlu in September. The company also has two other clinical-stage candidates -- respiratory syncytial virus vaccine ResVax and an Ebola virus vaccine.</p><p><blockquote>Novavax已经报告了候选流感疫苗NanoFlu的3期研究的积极结果。它于9月启动了一项1/2期研究，评估NVX-CoV2373和NanoFlu的组合。该公司还有另外两种处于临床阶段的候选疫苗——呼吸道合胞病毒疫苗ResVax和埃博拉病毒疫苗。</blockquote></p><p> 5. More cash</p><p><blockquote>5.更多现金</blockquote></p><p> Cash is extremely important to clinical-stage biotechs. Without enough cash, they can be forced to raise capital to fund operations and expensive clinical trials through dilutive stock offerings.</p><p><blockquote>现金对于临床阶段的生物技术极其重要。如果没有足够的现金，他们可能被迫通过稀释性股票发行来筹集资金，为运营和昂贵的临床试验提供资金。</blockquote></p><p> As of June 30, 2021, Ocugen's cash, cash equivalents, and restricted cash totaled $115.8 million. Novavax's cash stockpile stood at $2.1 billion as of the same date.</p><p><blockquote>截至2021年6月30日，Ocugen的现金、现金等价物和限制性现金总计1.158亿美元。截至同日，Novavax的现金储备为21亿美元。</blockquote></p><p> 6. More potential near-term catalysts</p><p><blockquote>6.更多潜在的近期催化剂</blockquote></p><p> Ocugen really has only one solid potential near-term catalyst: It's awaiting a decision by Health Canada on the authorization of Covaxin. Any wins for the vaccine outside of Canada or the U.S. benefit Bharat but not Ocugen.</p><p><blockquote>Ocugen实际上只有一个可靠的潜在近期催化剂：它正在等待加拿大卫生部关于科瓦克辛授权的决定。该疫苗在加拿大或美国以外的任何胜利都有利于Bharat，但不利于Ocugen。</blockquote></p><p> What about Novavax? The company hopes to soon win EUAs in India, Indonesia, and the Philippines. Novavax is awaiting Emergency Use Listing from the World Health Organization for NVX-CoV2373. It's also moving toward regulatory filings in the U.K., Europe, Australia, Canada, New Zealand, and the U.S.</p><p><blockquote>诺瓦瓦克斯呢？该公司希望尽快赢得印度、印度尼西亚和菲律宾的EUA。Novavax正在等待世界卫生组织将NVX-CoV2373列入紧急使用清单。它还正在向英国、欧洲、澳大利亚、加拿大、新西兰和美国提交监管文件。</blockquote></p><p> 7. A more defensible valuation</p><p><blockquote>7.更合理的估值</blockquote></p><p> Ocugen's impressive performance so far this year has stemmed in large part from the combination of intense online interest and a large number of shares sold short. This makes the stock a good candidate for ashort squeeze. But the company's market cap tops $1.6 billion with analysts expecting Ocugen to only generate around $135 million in revenue next year.</p><p><blockquote>Ocugen今年迄今为止令人印象深刻的表现在很大程度上源于强烈的在线兴趣和大量股票被卖空的结合。这使得该股成为空头挤压的良好候选者。但该公司的市值超过16亿美元，分析师预计Ocugen明年的收入仅为1.35亿美元左右。</blockquote></p><p> Novavax, though, could soon see big bucks flowing in if it wins authorizations and approvals for NVX-CoV2373. The company's market cap stands near $12.4 billion. However, with anticipated revenue of $5.5 billion in 2022, that valuation is much more defensible than Ocugen's is.</p><p><blockquote>不过，如果Novavax获得NVX-CoV2373的授权和批准，它可能很快就会看到大笔资金流入。该公司的市值接近124亿美元。然而，由于预计2022年收入为55亿美元，这一估值比Ocugen的估值更合理。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Reasons Why Novavax Is a No-Brainer Pick Over Ocugen<blockquote>Novavax比Ocugen更容易选择的7个原因</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Reasons Why Novavax Is a No-Brainer Pick Over Ocugen<blockquote>Novavax比Ocugen更容易选择的7个原因</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-10-21 19:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>There's no contest between the stock performances of <b>Novavax</b>(NASDAQ:NVAX)and <b>Ocugen</b>(NASDAQ:OCGN)so far this year. Ocugen's share price has skyrocketed roughly seven times more than Novavax's has.</p><p><blockquote>股票表现之间不存在竞争<b>Novavax</b>（纳斯达克：NVAX）和<b>奥库根</b>（纳斯达克：OCGN）今年迄今为止。Ocugen的股价飙升约为Novavax的七倍。</blockquote></p><p> Does that make Ocugen the smarter vaccine stock to buy right now? Not at all. Here are seven reasons why Novavax stock is a no-brainer pick over Ocugen.</p><p><blockquote>这是否使Ocugen成为现在购买更明智的疫苗股票？一点也不。以下是Novavax股票比Ocugen更容易选择的七个原因。</blockquote></p><p> 1. A path to EUA in the U.S.</p><p><blockquote>1.美国EUA之路。</blockquote></p><p> Ocugen's share price skyrocketed more than 750% year to date twice in 2021. But much of that massive gain evaporated after the company disclosed in June that it would no longer pursue Emergency Use Authorization (EUA) in the U.S. for COVID-19 vaccine Covaxin.</p><p><blockquote>Ocugen的股价在2021年两次飙升超过750%。但在该公司6月份披露将不再在美国寻求COVID-19疫苗科瓦克辛的紧急使用授权(EUA)后，这一巨大收益大部分消失了。</blockquote></p><p> The company opted to go for full approval once the U.S. Food and Drug Administration limited which vaccines would be reviewed under the EUA program. So far, however, Ocugen hasn't begun the late-stage clinical studies that will be required to win full FDA approval.</p><p><blockquote>该公司选择在美国获得全面批准后立即获得批准。美国食品药品监督管理局限制了哪些疫苗将在EUA计划下接受审查。然而，到目前为止，Ocugen尚未开始获得FDA全面批准所需的后期临床研究。</blockquote></p><p> Meanwhile, Novavax still has U.S. EUA for its COVID-19 vaccine candidate NVX-CoV2373 as a top priority. The company will be later than it hoped in filing for authorization in the U.S.However, it has the potential to launch in the U.S. much sooner than Ocugen could.</p><p><blockquote>与此同时，Novavax仍将其COVID-19候选疫苗NVX-CoV2373的美国EUA作为重中之重。该公司在美国申请授权的时间将比预期的要晚。然而，它有可能比Ocugen更早在美国推出。</blockquote></p><p> Ocugen still hopes to obtain authorization for Covaxin in Canada. But the U.S. stands as the big prize. And it's a prize for which Novavax clearly has a better opportunity right now.</p><p><blockquote>Ocugen仍希望获得科瓦克辛在加授权。但美国是大奖。Novavax现在显然有更好的机会获得这个奖项。</blockquote></p><p> 2. Supply deals already in hand</p><p><blockquote>2.已在手的供应交易</blockquote></p><p> Some investors focus entirely on the approval or authorization process for COVID-19 vaccines. Without supply agreements in place with at least one country, though, any regulatory wins will be hollow victories.</p><p><blockquote>一些投资者完全关注COVID-19疫苗的批准或授权流程。然而，如果没有与至少一个国家达成供应协议，任何监管上的胜利都将是空洞的胜利。</blockquote></p><p> Ocugen doesn't have any supply deals finalized yet. Novavax, on the other hand, already has supply deals in place with the U.S., Canada, the EU, Australia, New Zealand, Japan (through its partner,<b>Takeda</b>), and Gavi, the Vaccine Alliance.</p><p><blockquote>Ocugen尚未敲定任何供应交易。另一方面，Novavax已经与美国、加拿大、欧盟、澳大利亚、新西兰、日本（通过其合作伙伴，<b>武田</b>）和疫苗联盟Gavi。</blockquote></p><p> 3. Full rights to its COVID-19 vaccine</p><p><blockquote>3.对其COVID-19疫苗的完全权利</blockquote></p><p> Ocugen secured commercialization rights from Bharat Biotech for Covaxin only in the U.S. and Canada. Its terms with Bharat allow the company to keep 45% of the profits from any sales of the COVID-19 vaccine in those two markets.</p><p><blockquote>Ocugen仅在美国和加拿大从Bharat Biotech获得了科瓦克辛的商业化权利。它与Bharat的条款允许该公司保留在这两个市场销售COVID-19疫苗利润的45%。</blockquote></p><p> Novavax developed NVX-CoV2373 on its own. It retains full rights to the vaccine, although it has partnered with other organizations to target some markets.</p><p><blockquote>Novavax自行开发了NVX-CoV2373。它保留了疫苗的全部权利，尽管它已经与其他组织合作瞄准了一些市场。</blockquote></p><p> 4. A stronger pipeline</p><p><blockquote>4.更强大的管道</blockquote></p><p> Other than Covaxin, Ocugen doesn't have any other pipeline candidates currently in clinical testing. The company has stated that it plans to advance experimental gene therapy OCU400 into two phase 1/2a clinical trials in 2021, but those studies haven't begun yet.</p><p><blockquote>除了科瓦克辛之外，Ocugen目前没有任何其他正在进行临床测试的候选产品。该公司曾表示，计划在2021年将实验性基因疗法OCU400推进到两项1/2a期临床试验中，但这些研究尚未开始。</blockquote></p><p> Novavax has already reported positive results from a phase 3 study of flu vaccine candidate NanoFlu. It kicked off a phase 1/2 study evaluating a combination of NVX-CoV2373 and NanoFlu in September. The company also has two other clinical-stage candidates -- respiratory syncytial virus vaccine ResVax and an Ebola virus vaccine.</p><p><blockquote>Novavax已经报告了候选流感疫苗NanoFlu的3期研究的积极结果。它于9月启动了一项1/2期研究，评估NVX-CoV2373和NanoFlu的组合。该公司还有另外两种处于临床阶段的候选疫苗——呼吸道合胞病毒疫苗ResVax和埃博拉病毒疫苗。</blockquote></p><p> 5. More cash</p><p><blockquote>5.更多现金</blockquote></p><p> Cash is extremely important to clinical-stage biotechs. Without enough cash, they can be forced to raise capital to fund operations and expensive clinical trials through dilutive stock offerings.</p><p><blockquote>现金对于临床阶段的生物技术极其重要。如果没有足够的现金，他们可能被迫通过稀释性股票发行来筹集资金，为运营和昂贵的临床试验提供资金。</blockquote></p><p> As of June 30, 2021, Ocugen's cash, cash equivalents, and restricted cash totaled $115.8 million. Novavax's cash stockpile stood at $2.1 billion as of the same date.</p><p><blockquote>截至2021年6月30日，Ocugen的现金、现金等价物和限制性现金总计1.158亿美元。截至同日，Novavax的现金储备为21亿美元。</blockquote></p><p> 6. More potential near-term catalysts</p><p><blockquote>6.更多潜在的近期催化剂</blockquote></p><p> Ocugen really has only one solid potential near-term catalyst: It's awaiting a decision by Health Canada on the authorization of Covaxin. Any wins for the vaccine outside of Canada or the U.S. benefit Bharat but not Ocugen.</p><p><blockquote>Ocugen实际上只有一个可靠的潜在近期催化剂：它正在等待加拿大卫生部关于科瓦克辛授权的决定。该疫苗在加拿大或美国以外的任何胜利都有利于Bharat，但不利于Ocugen。</blockquote></p><p> What about Novavax? The company hopes to soon win EUAs in India, Indonesia, and the Philippines. Novavax is awaiting Emergency Use Listing from the World Health Organization for NVX-CoV2373. It's also moving toward regulatory filings in the U.K., Europe, Australia, Canada, New Zealand, and the U.S.</p><p><blockquote>诺瓦瓦克斯呢？该公司希望尽快赢得印度、印度尼西亚和菲律宾的EUA。Novavax正在等待世界卫生组织将NVX-CoV2373列入紧急使用清单。它还正在向英国、欧洲、澳大利亚、加拿大、新西兰和美国提交监管文件。</blockquote></p><p> 7. A more defensible valuation</p><p><blockquote>7.更合理的估值</blockquote></p><p> Ocugen's impressive performance so far this year has stemmed in large part from the combination of intense online interest and a large number of shares sold short. This makes the stock a good candidate for ashort squeeze. But the company's market cap tops $1.6 billion with analysts expecting Ocugen to only generate around $135 million in revenue next year.</p><p><blockquote>Ocugen今年迄今为止令人印象深刻的表现在很大程度上源于强烈的在线兴趣和大量股票被卖空的结合。这使得该股成为空头挤压的良好候选者。但该公司的市值超过16亿美元，分析师预计Ocugen明年的收入仅为1.35亿美元左右。</blockquote></p><p> Novavax, though, could soon see big bucks flowing in if it wins authorizations and approvals for NVX-CoV2373. The company's market cap stands near $12.4 billion. However, with anticipated revenue of $5.5 billion in 2022, that valuation is much more defensible than Ocugen's is.</p><p><blockquote>不过，如果Novavax获得NVX-CoV2373的授权和批准，它可能很快就会看到大笔资金流入。该公司的市值接近124亿美元。然而，由于预计2022年收入为55亿美元，这一估值比Ocugen的估值更合理。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/10/21/7-reasons-why-novavax-is-a-no-brainer-pick-over-oc/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVAX":"诺瓦瓦克斯医药","OCGN":"Ocugen"},"source_url":"https://www.fool.com/investing/2021/10/21/7-reasons-why-novavax-is-a-no-brainer-pick-over-oc/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171915283","content_text":"There's no contest between the stock performances of Novavax(NASDAQ:NVAX)and Ocugen(NASDAQ:OCGN)so far this year. Ocugen's share price has skyrocketed roughly seven times more than Novavax's has.\nDoes that make Ocugen the smarter vaccine stock to buy right now? Not at all. Here are seven reasons why Novavax stock is a no-brainer pick over Ocugen.\n1. A path to EUA in the U.S.\nOcugen's share price skyrocketed more than 750% year to date twice in 2021. But much of that massive gain evaporated after the company disclosed in June that it would no longer pursue Emergency Use Authorization (EUA) in the U.S. for COVID-19 vaccine Covaxin.\nThe company opted to go for full approval once the U.S. Food and Drug Administration limited which vaccines would be reviewed under the EUA program. So far, however, Ocugen hasn't begun the late-stage clinical studies that will be required to win full FDA approval.\nMeanwhile, Novavax still has U.S. EUA for its COVID-19 vaccine candidate NVX-CoV2373 as a top priority. The company will be later than it hoped in filing for authorization in the U.S.However, it has the potential to launch in the U.S. much sooner than Ocugen could.\nOcugen still hopes to obtain authorization for Covaxin in Canada. But the U.S. stands as the big prize. And it's a prize for which Novavax clearly has a better opportunity right now.\n2. Supply deals already in hand\nSome investors focus entirely on the approval or authorization process for COVID-19 vaccines. Without supply agreements in place with at least one country, though, any regulatory wins will be hollow victories.\nOcugen doesn't have any supply deals finalized yet. Novavax, on the other hand, already has supply deals in place with the U.S., Canada, the EU, Australia, New Zealand, Japan (through its partner,Takeda), and Gavi, the Vaccine Alliance.\n3. Full rights to its COVID-19 vaccine\nOcugen secured commercialization rights from Bharat Biotech for Covaxin only in the U.S. and Canada. Its terms with Bharat allow the company to keep 45% of the profits from any sales of the COVID-19 vaccine in those two markets.\nNovavax developed NVX-CoV2373 on its own. It retains full rights to the vaccine, although it has partnered with other organizations to target some markets.\n4. A stronger pipeline\nOther than Covaxin, Ocugen doesn't have any other pipeline candidates currently in clinical testing. The company has stated that it plans to advance experimental gene therapy OCU400 into two phase 1/2a clinical trials in 2021, but those studies haven't begun yet.\nNovavax has already reported positive results from a phase 3 study of flu vaccine candidate NanoFlu. It kicked off a phase 1/2 study evaluating a combination of NVX-CoV2373 and NanoFlu in September. The company also has two other clinical-stage candidates -- respiratory syncytial virus vaccine ResVax and an Ebola virus vaccine.\n5. More cash\nCash is extremely important to clinical-stage biotechs. Without enough cash, they can be forced to raise capital to fund operations and expensive clinical trials through dilutive stock offerings.\nAs of June 30, 2021, Ocugen's cash, cash equivalents, and restricted cash totaled $115.8 million. Novavax's cash stockpile stood at $2.1 billion as of the same date.\n6. More potential near-term catalysts\nOcugen really has only one solid potential near-term catalyst: It's awaiting a decision by Health Canada on the authorization of Covaxin. Any wins for the vaccine outside of Canada or the U.S. benefit Bharat but not Ocugen.\nWhat about Novavax? The company hopes to soon win EUAs in India, Indonesia, and the Philippines. Novavax is awaiting Emergency Use Listing from the World Health Organization for NVX-CoV2373. It's also moving toward regulatory filings in the U.K., Europe, Australia, Canada, New Zealand, and the U.S.\n7. A more defensible valuation\nOcugen's impressive performance so far this year has stemmed in large part from the combination of intense online interest and a large number of shares sold short. This makes the stock a good candidate for ashort squeeze. But the company's market cap tops $1.6 billion with analysts expecting Ocugen to only generate around $135 million in revenue next year.\nNovavax, though, could soon see big bucks flowing in if it wins authorizations and approvals for NVX-CoV2373. The company's market cap stands near $12.4 billion. However, with anticipated revenue of $5.5 billion in 2022, that valuation is much more defensible than Ocugen's is.","news_type":1,"symbols_score_info":{"NVAX":0.9,"OCGN":0.9}},"isVote":1,"tweetType":1,"viewCount":857,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/853227390"}
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