Taglich Brothers Initiates Coverage of Ocean Biomedical, Inc.

NEW YORK, May 31, 2023 (GLOBE NEWSWIRE) -- Taglich Brothers, Inc. announces that it has initiated coverage of Ocean Biomedical, Inc. (NASDAQ: OCEA).

Ocean Biomedical, Inc. headquartered in Providence, Rhode Island is a biopharmaceutical organization that is deploying a business model that bridges the bench-to-bedside gap by accelerating the commercialization of innovative therapeutic assets contained within research universities and medical centers. The company’s initial programs include candidates for lung cancer, brain cancer, pulmonary fibrosis, and the prevention and treatment of malaria. The candidates for the company’s programs have been developed through past and on-going grants of nearly $124 million with future financing of nearly $135 million in place to move candidates through clinical phases of development.

The complete 22-page report is available at www.taglichbrothers.com.

Taglich Brothers, Inc. is a full-service broker dealer focused exclusively on microcap companies. The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.

We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Axos Clearing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statement is the opinion of Taglich Brothers, Inc. and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in this report are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from Compliance. As of the date of this report, we, our affiliates, any officer, director or stockholder, or any member of their families do not have a position in the stock of the company mentioned in this report. Taglich Brothers, Inc. does not currently have an Investment Banking relationship with the company mentioned in this report and was not a manager or co-manager of any offering for the company within the last three years.

All research issued by Taglich Brothers, Inc. is based on public information. In April 2023, the company paid Taglich Brothers a monetary fee of $9,000 (USD) representing payment for the creation and dissemination of research reports for three months. Three-months after publication of the initial report, the company will begin paying Taglich Brothers a monthly monetary fee of $3,000 for the creation and dissemination of research reports for a minimum of twelve months after the date the initiation report is first published.

Rick Oh
Taglich Brothers, Inc.