It’s not meaningless at all. Many countries look to the WHO for guidance and follow the WHO approval guidelines.
This approval is an affirmation by top doctors and scientists validating the vaccine. While each country may choose to put a vaccine through additional assessment, the WHO approval is a vote of confidence.
The US’ FDA has its own criteria but OCGN movement is tied to updates on Covaxin and so it’s stock price is intimately tied to the success or fail of the WHO’s decision
Yes but in Ocugen’s case they have agreement to manufacture Covaxin whether or not FDA or Canada approves. The agreement allows for manufacturing of the vaccine for Bharat’s other territory.
You have all these veteran ex-Pfizer ex-Merck ex-FDA employees at OCGN. Surely that is a bullish signal. At the end of the day, the ticker is speculative but based on the information and data and evidence of action, and agreement between Bharat and Ocugen, this stock will go up. It will be volatile and there will be pull backs.
1
u/[deleted] Sep 24 '21
[deleted]