Ocugen
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Ocugen (OCGN) investor relations material

Ocugen Study update summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Study update summary24 Mar, 2026

Study design and patient population

  • Phase II ArMaDa trial randomized 51 adults aged 50+ with GA secondary to dry AMD to receive a single subretinal injection of OCU410 at medium or high dose, or no treatment (control).

  • Baseline characteristics were balanced, with mean ages around 75–78 and mean baseline lesion sizes of 8–9 mm².

  • 45 subjects were included in the safety population and 42 in the main efficacy analysis set.

  • Inclusion allowed prior exposure to complement inhibitors or other GA therapies after a three-month washout; about 10–12% had such history.

  • Primary endpoint was change in GA lesion size at 12 months, measured by fundus autofluorescence; exploratory endpoints included ellipsoid zone preservation on OCT.

Safety and tolerability

  • No serious adverse events or adverse events of special interest were deemed related to OCU410 across both dose groups.

  • One mild intraocular inflammation case in the high dose group resolved with standard care and was attributed to the procedure.

  • CNV events were related to disease natural history or procedure, not the therapy.

  • Safety profile was favorable even in older patients with comorbidities.

  • Standardized surgical procedures contributed to consistent safety outcomes.

Efficacy results

  • OCU410-treated eyes showed a statistically significant 31% reduction in lesion growth at 12 months with the optimal dose versus control (p<0.05).

  • In the 2.5–17.5 mm² lesion subgroup, medium dose achieved a 31% reduction and high dose a 16% reduction in lesion growth at 12 months.

  • For lesions 5–17.5 mm², medium and high doses showed 33% and 31% reductions, respectively.

  • Treated eyes had a 27% slower rate of ellipsoid zone loss, indicating photoreceptor preservation and potential visual function benefit.

  • 55% of treated patients achieved at least 30% lesion size reduction compared to control.

Explain medium dose selection over high dose
Detail the Phase 3 adaptive trial design
Contrast RORA mechanism with complement pathway
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