Why Is Oragenics (OGEN) Moving up Big Today Suddenly?

The action is already quite frenetic in premarket trade this morning and one of the major gainers so far is the Oragenics Inc (NYSE: OGEN) stock. The stock has rallied by as much as 73% in pre-market trading so far and that has come about due to an announcement from the company this morning. The company announced that it reached a material exchange agreement with Adjuvance Technologies Inc.

The agreement in question is related to the use of Adjuvanc’s TQL 1055 in the Terra CoV-2 vaccine developed by Organics. The vaccine in question is meant for use against COVID 19 and hence, the excitement among investors is entirely understandable.

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The number of cases has been rising at an alarming rate and the demand for a vaccine has reached a fever pitch. As per the agreement, Oragenics is going to deploy Terra CoV-2 in animal studies, which is in accordance with the guidelines laid down by the United States FDA with regards to an Investigational New Drug.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life