5 ChatGPT Penny Stock Picks

1. Ocugen, Inc. (NASDAQ:OCGN)

Number of Hedge Fund Holders: 12

Biopharma company Ocugen, Inc. (NASDAQ:OCGN) ranks 1st in our list of the ChatGPT penny stock picks. Ocugen, Inc. (NASDAQ:OCGN) fell in August after the company’s Q2 results indicated a delay in its development plans for inhaled vaccines. Ocugen, Inc. (NASDAQ:OCGN)’s management said the following during its Q2 earnings call:

“We plan to initiate Phase I/II trials by the end of 2023. We are also planning to initiate the Phase III clinical trial for regenerative cell therapy product candidate, Neocart, in the second half of 2024. This would mean Ocugen would have late-stage programs in gene and cell therapies in 2024. In an effort to conserve our working capital and advance our patient-centric agenda to develop a novel inhaled mucosal vaccine platform, we have submitted multiple proposals to obtain non-dilutive government funding and are having discussions with pertinent agencies to secure their support for our OCU500 vaccine series. Our first-in-class modifier gene therapy to treat multiple inherited retinal diseases remains unmatched industry wide. This unique gene-agnostic approach has the potential to address retinal diseases caused by mutations in multiple genes with one product.”

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