Ocugen (NASDAQ:OCGN) held its second-quarter earnings conference call on Thursday. Below is the complete transcript from the call.
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Summary
Ocugen Inc. reported a net loss of $0.07 per share for Q2 2026, with total operating expenses rising to $17.9 million from $15.2 million a year earlier.
The company extended its cash runway into 2028 through $130 million convertible notes financing, with cash, cash equivalents, and restricted cash totaling $100.4 million as of June 30, 2026.
Phase 3 trials for OCU410 and OCU400 are progressing, targeting significant unmet needs in ophthalmology; OCU410 received FDA clearance for its Phase 3 trial, and OCU400 is advancing with complete enrollment in its Phase 3 Limelight trial.
Strategic initiatives include a binding term sheet with Roots Pharmaceutical for OCU400 in the MENA region, and ongoing commercialization planning for multiple global markets.
Management emphasized Ocugen's gene-agnostic platform as a differentiator in addressing complex retinal diseases and highlighted the potential for multiple upcoming BLA submissions by 2028.
Full Transcript
OPERATOR
Good morning and welcome to Ocugen's second quarter 2026 financial results and business update. All participants are in listen-only mode. Following the speakers' commentary, there will be a question-and-answer session. I will now turn the call over to Chris Clark, Ocugen's Head of Communications. You may begin.
Chris Clark, Head of Communications
Thank you, operator, and good morning, everyone. Joining me on today's call and webcast is Dr. Shankar Musunuri, Ocugen's Chairman, CEO and Co-Founder, who will provide a business update and an overview of our clinical and operational progress. Rita Johnson-Greene, our Chief Financial Officer, is also on the call to provide a financial update for the quarter ended June 30, 2026. Avi Gupta, Executive Vice President of Commercial and Business Development, and Dr. Mohamed Genead, who joined Ocugen as Chief Medical Officer in June, will be available to answer questions following the presentation. This morning we issued a press release covering our business and operational highlights for the second quarter of 2026. We encourage listeners to review the press release, which is available on our website at ocugen.com. A replay of this call, along with the accompanying slide presentation, will be available on the Investors section of the Ocugen website.
Please note that certain statements made during today's discussion may be forward-looking in nature, including those related to our clinical development pipeline, regulatory timelines, commercialization strategy and financial information, and our anticipated cash runway. These statements reflect management's current expectations and are inherently subject to risks, uncertainties and assumptions that may cause actual results to differ materially from those expressed or implied.
We encourage you to review our filings with the Securities and Exchange Commission, including the risk factors detailed therein, for a more comprehensive understanding of these potential risks. Finally, Ocugen's Quarterly Report on Form 10-Q covering the second quarter of 2026 will be filed today. I will now turn the call over to Dr. Musunuri.
Shankar Musunuri, Chairman, CEO and Co-Founder
Thank you, Chris, and good morning, everyone. The second quarter was a defining one for Ocugen. The FDA cleared our Phase 3 trial for OCU410 to initiate dosing in geographic atrophy patients and granted RMAT designation for the program. We signed a binding term sheet with Roots Pharmaceutical to negotiate an exclusive license for OCU400 in retinitis pigmentosa across the Middle East and North Africa (MENA) region. And from the closing of $130 million convertible notes financing, we extended our cash runway into 2028, now able to support all three of our late-stage programs.
Before I walk through the quarter, I want to step back because Ocugen's potential is worth putting into context. For more than a decade, gene therapy in ophthalmology has been confined to a single gene, a single mutation and a small patient population. Our modified gene therapy platform takes a fundamentally different approach. Rather than targeting individual mutations, it is designed to address the root cause of complex retinal diseases by modulating master regulators—nuclear hormone receptors that govern multiple gene networks.
The platform is gene-agnostic, inherently multifactorial, and designed to deliver durable benefit from a single, one-time subretinal injection. What this means in practice is that Ocugen is not building three separate drugs. We're advancing one platform across three late-stage programs, each targeting a major cause of blindness for which patients today have either no approved treatment whatsoever or therapies that demand chronic injections and carry meaningful safety burdens.
Retinitis pigmentosa (RP), Stargardt disease, and geographic atrophy together affect approximately 3 million people across the United States and Europe—a combined patient population and a commercial opportunity larger than anything currently served by approved gene therapies in ophthalmology. Across our pipeline spanning Phase 1 through Phase 3, we have treated more than 325 patients, including EAP, through multiple doses and indications, and we have not observed a drug-related serious adverse event.
We remain on track to file three BLAs by 2028. This positions the first half of 2027 as a catalyst-rich window for Ocugen, with the top-line data for OCU400 and OCU410ST and our planned BLA submissions following over a short period. Let me walk you through how each program is advancing, then I will hand over the call to Rita for financials, starting with OCU410 for GA secondary to dry age-related macular degeneration (dry AMD). GA represents our largest commercial opportunity with approximately 2 to 3 million patients in the U.S. and in Europe combined. There are currently no approved treatments for GA in Europe. Current approved therapies in the U.S. target only one complement pathway and require frequent intravitreal injections, which has been associated with treatment discontinuation in clinical practice. GA is a multifactorial disease driven by four distinct pathways that contribute to the progressive degeneration of the macula: drusen, inflammation, oxidative stress, and complement activation.
The currently approved therapies in the U.S. address only one of these four pathways—the complement system—which is partly why they have been unable to demonstrate meaningful functional outcomes for patients. OCU410 operates differently by delivering RORα, a nuclear hormone receptor that acts as a master regulator of retinal homeostasis. OCU410 is designed to address all four disease pathways simultaneously with a single subretinal injection and has the potential to redefine the standard of care in this indication.
We recently received FDA clearance for the OCU410 Phase 3 registration trial for GA. The trial, ARMADA-3, is planned to be a global study of approximately 237 subjects using an adaptive design powered at 95% for the primary endpoint, with the BLA and Marketing Authorization Application filings targeted for 2028. We plan to initiate Phase 3 by September 2026. This design is anchored by positive 12-month data from our Phase 2 ARMADA trial at the optimal dose.
OCU410 delivered a statistically significant 31% reduction in GA lesion growth within the patient population of lesion size 2.5 mm² to 17.5 mm²—the criteria to be used in our Phase 3 pivotal trial—versus control, approximately twice the benefit of approved complement inhibitors and from a single injection. We also saw 27% preservation of the ellipsoid zone within the same patient population and no drug-related serious adverse events reported to date.
Importantly, these Phase 2 data helped support the FDA's decision to grant RMAT designation for OCU410. Turning to OCU410ST for Stargardt disease. Stargardt is a pediatric-onset retinal disorder affecting approximately 100,000 patients in the U.S. and Europe and roughly 1 million people globally. There are no approved therapies available for these patients today. OCU410ST is designed to address over 1,200 pathogenic mutations in the ABCA4 gene with a single, one-time treatment.
On April 1st, we announced the completion of enrollment and dosing in our Phase 2/3 GARDian pivotal confirmatory trial, enrolling 63 participants. We expect the interim outcome decision for the first 50% of subjects at eight months in the third quarter of 2026, and top-line Phase 2/3 data in the second quarter of 2027, with our BLA submission following mid-2027. Moving to OCU400 for RP. The Phase 3 Limelight trial is the first and largest genetic medicine registration trial for broad RP, spanning more than 30 genetic mutations.
Approximately 300,000 people in the U.S. and Europe are living with RP, which is caused by mutations in more than 100 genes. The only approved gene therapy for RP today targets a single gene, RPE65, which accounts for less than 2% of all RP cases. OCU400 is designed to provide a therapeutic option for all RP patients, and that is a fundamentally different commercial opportunity. Enrollment in Limelight is complete, with 140 patients randomized 2:1, treated versus control, across the RHO and gene-agnostic arms, spanning more than 30 genetic mutations associated with early- to late-stage RP, including pediatrics.
The breadth of the population is intended to validate the gene-agnostic mechanism of action of our novel modified gene therapy platform. The primary endpoint is 12 months' change in visual function assessed by Luminance Dependent Navigation Assessment (LDNA). Subjects are followed for one year post-dosing for the primary endpoint analysis. Top-line Phase 3 data is expected in the first quarter of 2027, advancing OCU400 to a potential approval in the fourth quarter of 2027.
FDA feedback confirmed that the path to rolling BLA submission remains tied to top-line data expected in the first quarter of 2027. On the manufacturing side, our Process Performance Qualification (PPQ) batches are complete, supporting BLA and commercial launch supplies. Brand planning and marketing initiatives led by Avi Gupta, our EVP of Commercial and Business Development, continue to scale in preparation for launch. We also advanced our global commercialization strategy for OCU400 during the quarter.
In July, we signed a binding term sheet with Roots Pharmaceutical and its strategic partner Aldao International Holdings for exclusive rights to OCU400 in the Middle East and North Africa. We're active on the BD front to find other global partners for regional commercialization partnerships where RP is most prevalent. Here is a snapshot of the market opportunity across our three late-stage development programs. While OCU410 for GA represents our largest commercial opportunity, we believe all three programs have the potential to generate significant revenue while addressing areas of substantial unmet medical need.
As we continue advancing our pipeline, we're also building the foundational commercial capabilities to support future global access. Our efforts are focused on five key areas. First, we're in discussions with CMS and payers to establish early market access and reimbursement strategies. Second, we continue to identify and evaluate specialized centers of excellence with expertise in subretinal surgical procedures that could support future treatment delivery.
Third, we are mapping the patient journey from diagnosis through treatment and long-term follow-up with the goal of facilitating a seamless experience for patients, caregivers and healthcare providers. Fourth, we are assessing manufacturing, supply chain and distribution requirements to help ensure operational readiness. Finally, we are beginning to build out our commercial infrastructure, including our marketing and sales capabilities, as we ramp up for launch.
With that, I will turn the call over to Rita for the financial update. Rita.
Rita Johnson-Greene, MBA — CFO
Thank you, Shankar. Good morning everyone. Total operating expenses for the three months ended June 30, 2026 were $17.9 million and included research and development expenses of $10.7 million and general and administrative expenses of $7.2 million. This compares to total operating expenses for the three months ended June 30, 2025 of $15.2 million, which included research and development expenses of $8.4 million and general and administrative expenses of $6.8 million.
Total operating expenses for the six months ended June 30, 2026 were $37.3 million and included research and development expenses of $21.9 million and general and administrative expenses of $15.4 million. This compares to total operating expenses for the six months ended June 30, 2025 of $31.2 million, which included research and development expenses of $17.9 million and general and administrative expenses of $13.2 million. Ocugen reported a $0.07 net loss per common share for the three months ended June 30, 2026 compared to a $0.05 net loss per common share for the three months ended June 30, 2025.
On our capital position, following the closing of the $130 million convertible note financing, the company's cash, cash equivalents and restricted cash totaled $100.4 million as of June 30, 2026, extending our cash runway into 2028. The company had 339 million shares of common stock outstanding as of June 30, 2026. That concludes my financial update. Shankar, back to you.
Shankar Musunuri, Chairman, CEO and Co-Founder
Thank you, Rita. The second quarter was a quarter of execution. The remainder of 2026 is supposed to be impactful. We expect the OCU410ST interim outcome decision in the third quarter and we expect to initiate the OCU410 Phase 3 trial in this quarter. Looking to 2027, we expect top-line data from both OCU400 and OCU410ST in the first half of the year followed by our planned BLA submissions. Each of these milestones brings us a step closer to delivering on our commitment to three BLAs by 2028, offering potentially life-altering improvement to patients coping with blindness-causing diseases.
I want to thank our investigators and patients who have trusted us with their participation and our shareholders for their continued belief in our mission to advance cures for blindness. We'll now open the call for questions. Operator.
OPERATOR
Thank you, ladies and gentlemen. We will now begin the question and answer session. And at this time I would like to remind everyone, in order to ask a question, please press star followed by the number one on your telephone keypad. And if you would like to withdraw your question, simply press star one again. Again, if you would like to ask a question, press star one on your telephone keypad. Our first question comes from the line of Michael Okunwich with Maxim Group.
Please go ahead.
Michael Okunwich, Analyst at Maxim Group
Hey there. Thank you so much for taking my questions and congrats on all the great progress.
Shankar Musunuri, Chairman, CEO and Co-Founder
Thank you, Michael.
Michael Okunwich, Analyst at Maxim Group
Sir, I wanted to ask, you now have a handful of international partnerships which makes OCU400 a truly international program at this point. So I just wanted to see if you could share the regulatory plans in particular for ex-U.S. jurisdictions, what's required there and how those timelines could vary versus your BLA path.
Shankar Musunuri, Chairman, CEO and Co-Founder
Michael, what we have with OCU400, we got alignment from EMA in addition to FDA with the same. That single trial we're doing in the U.S. is good for approvals, and across the globe for orphan gene therapies typically they get approval based on U.S. approval. So everything will be linked to our U.S. FDA approval in MENA and other regions.
Michael Okunwich, Analyst at Maxim Group
All right, thank you. And then I wanted to see also if you could just highlight some of the key differences in the trial design between Armada 3 and the Phase II Armada trial.
Shankar Musunuri, Chairman, CEO and Co-Founder
I'll let our CMO, Dr. Gini, answer that.
Mohamed Genead, MD, MSc. — Chief Medical Officer
Thank you, Michael. Regarding Armada 3, which is our global Phase 3 trial for GA, which we just got the approval from FDA just recently to be initiated this quarter. The Phase 3 trial design for Armada 3 will be one treatment arm with OCU410 versus a control, with 2-to-1 randomization allocation. And that data will follow each subject up to 12 months, and this is where we're going to be looking at the primary efficacy endpoint plus other key functional endpoints.
Armada 1, the earlier Phase I/II GA trials, was similar on the efficacy. So we should expect similar outcome. Here we're going to look—the numbers obviously are different. We're going to be enrolling in Armada 3 close to 237 subjects, 2-to-1 allocation. It's going to be global. We're going to go ex-U.S., we're going to go to Europe and other territorial parts in the world. But the primary endpoint will be very similar, so we should expect to see similar trend to what we saw from Armada 1, the Phase I/II GA trial.
Michael Okunwich, Analyst at Maxim Group
All right, thank you. And then just one last one for me before I hop back into the queue. So it looks like in Stargardt there is a chance that we'll have an approved therapy sometime around when you'll be completing your own BLA filing. So it would be a chronic therapy versus a one-time. But I wanted to ask how important the pricing on other therapies, since we don't have any pricing comps, would be to inform your own pricing strategy and if there's any way that we can think about how to translate pricing between a chronic ongoing therapy and a one-time therapy.
Shankar Musunuri, Chairman, CEO and Co-Founder
Yeah, good question, Michael. I think the way you look at it is our treatments are one-and-done treatments potentially, so that will have a different pricing structure than ongoing chronic therapies. Number two, everything will be dictated by data. And if you have a safe one-time treatment, I think our gene therapies—once again we're still collecting data—as you can see in some of the patients in RP and as they approach like second year, third year, they're improving further.
So if the oral therapy comes to the market, what patients are going to look for is: is the therapy just reducing the degeneration of the disease or, in some patients, is it stalling? It has potential to reverse it in some patients at least. You know, our modifier gene therapy—in some of the patients we're seeing all those trends. So that would be a big differentiating factor. And also, as you know, Stargardt impacts a lot of pediatric patients and the current clinical trial they're conducting focuses on 12-plus, and our clinical trial focuses on 3-plus.
So there are a lot of differentiators. So whenever we come for pricing, because of the differentiated disruptive technology platform we have—and obviously everybody will focus on safety, efficacy and one-and-done treatment; that will be more compliant for anyone—so I think all those factors will be rolled in. So I don't think we'll be truly comparing any pricing to what the other chronic therapies are doing. If you have a me-too product, the answer is yes.
But if you have truly differentiated disruptive technology, just completely different, we can price it on its own merits.
Michael Okunwich, Analyst at Maxim Group
All right, thank you. I appreciate the additional color.
OPERATOR
Our next question comes from the line of Whitney Ijem with Canaccord Genuity. Please go ahead.
Whitney Ijem, Analyst at Canaccord Genuity
Hey guys. Congrats on all the progress as well. Just to keep going on the Stargardt discussion, Shankar, since you mentioned it, can you talk a little bit more, I guess, around the TPP here and the potential to show kind of reverse of disease and improvement in visual acuity? Is that something that is reasonable to expect given the duration of follow-up in the ongoing Phase 2/3 study? And I guess if so, is there anything that was done in terms of entry criteria to maybe enrich for that outcome as far as patient baseline characteristics?
Shankar Musunuri, Chairman, CEO and Co-Founder
I will ask Dr. Ganeet to talk about a little bit about baseline characteristics, then I'll answer the other question. Go ahead.
Mohamed Genead, MD, MSc. — Chief Medical Officer
Thank you, Shankar. Hi, Whitney. Yes, happy to answer. So our population was definitely broader than other competitors. Just to highlight, first, we included patients from early to late-stage Stargardt disease. That's number one. And Shankar just mentioned, two, we included subjects younger than young adults. We included subjects three-plus years of age. So that's a very broad population. As you know, for Stargardt, the earlier the better, especially as it's a progressive retinal degeneration disease.
The lesion size we also included in our trial, the Phase 2/3 trial, was more broader than what we saw with others. And our lesion size includes smaller lesions, also larger lesions. So we have a broad spectrum and that's also going to be aligned with our early/late-stage strategy for the disease. We already included some of the subjects in our Phase 2/3 trials, so we will be excited to see the data. In addition to the gene mutation specifically, we include all the variants and all the other specific mutations included in the ABCA4-related retinopathy.
So it includes Stargardt and others as well. So this is also on the disease indication. Overall, based on your point about the functional, I think this is going to be critical. So we saw from our Phase 1 data that we just published at the Eye Nature early in the year, we saw a very clear slowing in the structural progression in these patients. And also we saw functional benefit in these patients. As you know, in Stargardt disease the first target is to hold that progression—to stop losing more retinal structure and function—which we achieved in our prior trial.
The second goal, which will be the upside here and the ultimate goal, is to reverse that tide, to improve on the disease outcome. And we saw that in our Phase 1 too. We saw some of the patients did improve in visual function. The gain was six letters, close to one line, between the treated versus the untreated eye. So we felt also very excited about the functional gain in this patient population. So that's kind of where we think, you know, the big differentiation—the broader application of our molecule.
Shankar Musunuri, Chairman, CEO and Co-Founder
Whitney, just to clarify, the primary endpoint—because it's a one-year trial, it's not a two-year trial—it's still a lesion. Then there are secondary visual function we'll be monitoring. In addition to that, at the time of filing, we continue to monitor our early-stage Phase 1 patients, and so we'll have long-term data in those patients too.
Whitney Ijem, Analyst at Canaccord Genuity
Got it. Really helpful. And then just last question, and maybe, Rita, this one's for you. Can you help us understand how you're thinking about cash given the exciting progress with the GA study and the ability to start that study in September? I think you said if there is a need to kind of pull levers to extend cash runway further, how should we think about maybe the startup of GA versus commercial prep for RP or Stargardt and just kind of how you guys are thinking about those different levers if needed.
Rita Johnson-Greene, MBA — CFO
Yeah, thank you, Whitney. So first of all, I mean, our primary goal is to make sure that we are, you know, minimizing shareholder dilution, but evaluating our opportunities in order to raise capital, just as you said, in order to bring these novel products to patients. So just first of all, we have cash runway into 2028, and so I just want to remind everyone of that, which gives us the confidence to execute our clinical, our late-stage products that we have, and then progress to BLA submission for both OCU410 and OCU410ST in 2027 with the potential to commercialize OCU400 by the end of the year in 2027.
We do have some additional levers that we can pull. One, you know, we have the PRV for OCU410ST given the RPD designation that we have, and so of course we have the ability to sell that for somewhere between 100 to 200 even prior to, even prior to approval, and that's something that we are evaluating. We also have various business development deals that we are looking at from a globalization perspective. We're looking at ex-U.S. for both OCU400, OCU410ST and even GA, just depending upon what that term sheet looks like.
So always looking for, you know, potential deals that we can make in order to, you know, again, just minimize that dilution. We also have the Janus Henderson warrants, right? There's another 10 million warrants at $1.50 strike price, which could bring in another $15 million. And those warrants, don't those warrants expire in August of 2027. And then of course, you know, we anticipate a special meeting in September of this year in order to increase authorized shares, which will give us the ability to raise addition if we decide to do so.
So again, you know, just looking at both non-dilutive as well as dilutive options in order to make sure that we are able to bring these amazing and novel products to patients as well as looking at maximizing shareholder value.
Whitney Ijem, Analyst at Canaccord Genuity
Very helpful, thank you.
OPERATOR
Our next question comes from the line of Charles Wallace with HC Wainwright. Please go ahead.
Charles Wallace, Analyst at HC Wainwright
Hi, this is Charles from HC Wainwright. I'm for RK. Thanks for taking my question. Maybe a question on Armada 3 design. So it seems like based on the prior, based on the prior earnings call, the study has been a little bit resized. I think previously you said it would be about 300 patients and now it's 237 patients. So I was just curious if this was something the FDA specifically asked for or if this was something you proposed and then also if the assumptions change based on effect size, variability, dropout, or the narrower lesion size compared to the phase two.
Shankar Musunuri, Chairman, CEO and Co-Founder
Yeah, Dr. Vinnie.
Mohamed Genead, MD, MSc. — Chief Medical Officer
Thank you, Charles. Yes, we had a discussion with the agency, the FDA. So all this being aligned and discussed with the FDA. But to answer your question specifically, it was based on all on the sample size estimation and also the power calculation we did. So the estimate you're citing, the 300, was based on estimate. But when we saw the effect size based on our Armada 1, the Phase 1/2 trial, as we discussed today, we saw the 31% reduction in the medium dose, the optimal dose, which is the one we are taking forward.
When we did our calculation based on that, we saw the 237 total population to be enrolled will give us 95% power in our pivot trial. All these pieces have been discussed with the agency. Obviously it is based on the rate of change, the slope analysis for the primary efficacy. So the effect size based on what we saw from earlier trial was very positive and was strong enough that we end up with 237, 2:1 randomization, as we mentioned earlier, 158 in the treatment arm and 79 in the control arm.
So all this has been discussed and aligned and as we announced today, we got the clearance from the FDA to initiate our phase three trial in the next few weeks.
Charles Wallace, Analyst at HC Wainwright
Thank you, very helpful. And then I guess for the rolling submission. So I think originally the guidance was to submit in the third quarter and now I believe it's the first quarter after the limelight data. And, you know, I think, I guess my question is what kind of changed between submitting the non-clinical module earlier compared to after the top line data?
Shankar Musunuri, Chairman, CEO and Co-Founder
I think from our perspective already, I mean, I think we are doing very well with our PPQs. As we mentioned, a lot of gene therapy companies stuck with CMC. We're ahead of the game. We used two commercial-scale lots in phase three, we completed our PPQs on time. We got non-clinical and PPQ are done. So we have CMC non-clinical ready to go. I mean obviously this is where we have to work with agency whenever they're comfortable and that's the timeline they gave us and we're going to be fine with that.
The reason is, I just want to clarify, it's good to have rolling submission. That gives a head start for agency. Okay. It's for their own benefit and if they want to wait until next year, I mean we are ready to file it as soon as the top line comes for the pre-BLA meeting. We may still give them a head start of maybe a month or two months before we drop the clinical section. So however, I just want to clarify, until the final BLA is completed with the clinical section, the PDUFA date, the accelerated clock of six months doesn't start.
I just want to clarify that. So once again, this is a collaboration between, you know, the sponsor and the agency. In this case, of course we respect their decision, whatever they are, because, you know, they have a lot of programs and a lot of workload. Whatever the reasons are, we are fine with it. I think, I think we're ready from our perspective and we'll work with them closely in collaborative way and whenever we have a top line, we'll be ready to file it.
So it doesn't change any, yeah, filing clock, as we mentioned before, second quarter complete, the BLA filing, anticipated approval in fourth quarter, six months, accelerated clock.
Charles Wallace, Analyst at HC Wainwright
Very helpful. Thanks for taking both questions.
OPERATOR
Once again, if you would like to ask a question, please press STAR followed by the number one on your telephone keypad. Our next question comes from the line of Robert LeBoyer with Noble Capital Markets. Please go ahead.
Robert LeBoyer, Analyst at Noble Capital Markets
Good morning and congratulations on the progress. Just to follow up on that last question, my understanding was that the BLA submission will be completed in early 2027 when the clinical module is filed. That's when you get the PDUFA date and the approval launches based on that. But you also have rolling submission and have the option of filing the CMC and the other non-clinical modules before that. Is that still your plan?
Shankar Musunuri, Chairman, CEO and Co-Founder
Yes, yes, Robert, absolutely. Because based on agency's suggestion, recommendation, as soon as the top line comes out, we'll have a pre-BLA meeting. Right after that, we can file the two modules, non-clinical and CMC modules. So that will still give them a head start. Then as soon as the clinical module is done, when you file it, the PDUFA clock starts. So that's basically our plan is to file that in second quarter. So six months clock should be fourth quarter approval clock.
Robert LeBoyer, Analyst at Noble Capital Markets
Okay, terrific. Thank you for that.
OPERATOR
And at this time, we have no further questions. I would like to turn the call back over to the Ocugen team for closing remarks.
Chris Clark, Head of Communications
Thank you all for attending today's webcast. Really appreciate all our investors, shareholders, patients, providers. Thank you.
OPERATOR
This concludes today's conference call. You may now disconnect.
Disclaimer: This transcript is provided for informational purposes only. While we strive for accuracy, there may be errors or omissions in this automated transcription. For official company statements and financial information, please refer to the company's SEC filings and official press releases. Corporate participants' and analysts' statements reflect their views as of the date of this call and are subject to change without notice.
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