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Investigation announced for Long Term Investors in shares of Ophthotech Corp now IVERIC bio, Inc (NASDAQ: OPHT, now NASDAQ: ISEE)

09-26-2019 06:51 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Ophthotech Corp now IVERIC bio, Inc (NASDAQ: OPHT, now NASDAQ: ISEE).

An investigation on behalf of current long term investors in Ophthotech Corp now IVERIC bio, Inc (NASDAQ: OPHT, now NASDAQ: ISEE).

An investigation on behalf of current long-term investors in shares of Ophthotech Corp now IVERIC bio, Inc (NASDAQ: OPHT, now NASDAQ: ISEE) concerning potential breaches of fiduciary duties by certain directors and officers of Ophthotech Corp now IVERIC bio, Inc was announced.

Investors who are current long term investors in Ophthotech Corp now IVERIC bio, Inc (NASDAQ: OPHT, now NASDAQ: ISEE) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: OPHT, now NASDAQ: ISEE stocks follows a lawsuit filed against Ophthotech Corp now IVERIC bio, Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: OPHT, now NASDAQ: ISEE stocks, concerns whether certain Ophthotech Corp now IVERIC bio, Inc directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges 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.
Ophthotech Corp reported that its annual Total Revenue rose from $41.26 million in 2014 to $51.56 million in 2015 and that its Net Loss declined from $116.77 million in 2014 to $105.72 million in 2015.

Those who purchased shares of Ophthotech Corp now IVERIC bio, Inc (NASDAQ: OPHT, now NASDAQ: ISEE) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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