BOSTON, Sept. 26, 2019 (GLOBE NEWSWIRE) -- Histogenics Corporation (Nasdaq: HSGX) announced that all proposals related to its proposed merger with Ocugen, Inc. were approved by Histogenics’ stockholders at a special meeting held on September 26, 2019. As previously announced, the proposed merger will create a public company under which the stockholders of Ocugen will become majority holders of the combined company.
The proposed merger remains subject to further customary closing conditions and regulatory approvals. Histogenics and Ocugen expect the closing of the merger to occur on or about September 27, 2019.
Upon closing of the transaction, the combined company will change its name to “Ocugen, Inc.” and the Nasdaq trading symbol will become “OCGN.” The executive team of Ocugen will serve as the executive team of the combined company, led by Shankar Musunuri, Ph.D., M.B.A., as Chairman, Chief Executive Officer and Co-Founder.
Ocugen is a clinical stage biopharmaceutical company focused on discovering, developing and commercializing a pipeline of innovative therapies that address rare and underserved eye diseases.
The final voting results for Histogenics’ special meeting of stockholders will be filed with the Securities and Exchange Commission in a Form 8-K and will also be available at https://www.histogenics.com, after certification by the company’s inspector of elections. Additionally, Histogenics and Medavate Corp. entered into an amendment to the Asset Purchase Agreement between them in order to amend the closing date under the Asset Purchase Agreement to October 4, 2019.
About Ocugen
Ocugen, Inc. is a clinical stage biopharmaceutical company focused on discovering, developing and commercializing a pipeline of innovative therapies that address rare and underserved eye diseases. The Company offers a robust and diversified ophthalmology portfolio that includes novel gene therapies, biologics, and small molecules and targets a broad range of high-need retinal and ocular surface diseases. Ocugen is leveraging its groundbreaking modifier gene therapy platform to address genetically diverse inherited retinal disorders (IRDs), including its therapies based on nuclear hormone receptor genes NR2E3 (OCU400) and RORA (OCU410). OCU400 has received two orphan drug designations (ODD) targeting two distinct IRDs. Ocugen is also developing novel biologic therapies for wet-AMD, DME and diabetic retinopathy (OCU200), as well as for retinitis pigmentosa (OCU100). The Company’s late-stage Phase 3 trial for patients with ocular graft versus host disease (oGVHD)(OCU300) leverages Ocugen’s patented OcuNanoE – Ocugen’s ONE Platform™ technology to enhance the efficacy of topical ophthalmic therapeutics. OCU300 is the first and only therapeutic with ODD for oGVHD, providing certain regulatory and economic benefits. For more information, please visit www.ocugen.com
