A lawsuit was filed on behalf of investors in Ophthotech Corp (NASDAQ:OPHT) shares over alleged securities laws violations and NASDAQ:OPHT investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/17/2017 -- An investor, who purchased shares of Ophthotech Corp (NASDAQ:OPHT), filed a lawsuit in New York over alleged violations of Federal Securities Laws by Ophthotech Corp.
Investors who purchased shares of Ophthotech Corp (NASDAQ:OPHT) have certain options and for certain investors are short and strict deadlines running. Deadline: March 13, 2017. Ophthotech Corp (NASDAQ:OPHT investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff claims that Ophthotech made allegedly overtly positive representations about the effectiveness and potential of its treatment Fovista when used in combination with Lucentis, a commercially available anti-vascular endothelial growth factor agent, despite awareness that the phase 3 clinical trial of Fovista would fail to achieve its primary endpoint of change in best corrected visual acuity from baseline at 12 months over Lucentis alone.
On December 12, 2106, Ophthotech Corp (NASDAQ:OPHT) announced that the pre-specified primary endpoint of mean change in visual acuity at 12 months was not achieved in its two pivotal Phase 3 clinical trials investigating the superiority of Fovista® (pegpleranib) anti-PDGF therapy in combination with Lucentis® (ranibizumab) anti-VEGF therapy compared to Lucentis® monotherapy for the treatment of wet age-related macular degeneration (AMD). Ophthotech Corp also said that the addition of Fovista® to a monthly Lucentis® regimen did not result in benefit as measured by the mean change in visual acuity at the 12 month time point. Shares of Ophthotech Corp (NASDAQ:OPHT) declined to as low as $4.53 per share on December 15, 2016.
Those who purchased shares of Ophthotech Corp have certain options and should contact the Shareholders Foundation.
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