Ocugen Inc. has successfully secured a dismissal of a securities class action lawsuit filed against the company and some of its agents. The U.S. District Court for the Eastern District of Pennsylvania granted Ocugen's motion to dismiss the case, which was filed under Case No. 2:24-cv-01500, with prejudice. The plaintiffs now have 30 days to appeal the decision. Ocugen has expressed confidence in its position, stating the lawsuit lacks merit, and the company is prepared to continue its defense should an appeal be pursued.
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