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OCUL

Ocular Therapeutix

$5.92

-0.13 (-2.15%)

16:51
10/13/17
10/13
16:51
10/13/17
16:51

Ocular Therapeutix COO James Fortune to leave, effective December 31

On October 13, Ocular Therapeutix entered into a transition, separation and release of claims agreement with James Fortune, pursuant to which Fortune has resigned from his role as COO and any and all other positions he holds as an officer or employee of the company, effective December 31, or such earlier date as may be mutually agreed upon by Fortune and the company. Pursuant to the Transition Agreement, effective as of the Agreement Effective Date, the Employment Agreement, by and between the company and Fortune, dated June 19, 2014, was terminated. From the Agreement Effective Date to the Separation Date, Fortune will continue to serve as COO and as an at-will employee of the company. In addition to his regular duties, Fortune will also perform such additional transition duties as may be requested by and at the direction of the company.

OCUL Ocular Therapeutix
$5.92

-0.13 (-2.15%)

07/26/17
07/26/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. AMD (AMD) initiated with an Outperform at Baird. 2. Altice USA (ATUS) initiated with a Market Perform at Wells Fargo. 3. Callidus Software (CALD) initiated with a Buy at Jefferies. 4. Jones Lang LaSalle (JLL) initiated with a Neutral at UBS. 5. Ocular Therapeutix (OCUL) initiated with a Buy at H.C. Wainwright. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/26/17
HCWC
07/26/17
INITIATION
Target $10
HCWC
Buy
Ocular Therapeutix initiated with a Buy at H.C. Wainwright
H.C. Wainwright analyst Raghuram Selvaraju started Ocular Therapeutix with a Buy rating and $10 price target. The analyst believes Dextenza could generate peak sales of $325M in 2031 by targeting the 4M cataract surgeries in the U.S. alone.
07/12/17
CANT
07/12/17
NO CHANGE
Target $21
CANT
Overweight
Ocular Therapeutix price target lowered to $21 from $35 at Cantor
Cantor Fitzgerald analyst Elemer Piros lowered his price target for Ocular Therapeutix to $35 after the company received a Complete Response Letter from the FDA for Dextenza in post-surgical ocular pain. The analyst adjusted his model to reflect a 12-month delayed launch but remains confident that Ocular will be able to resolve the issues. Piros keeps an Overweight rating on the shares.
07/12/17
COWN
07/12/17
NO CHANGE
Target $60
COWN
Outperform
Cowen keeps Outperform rating, $60 target on Ocular Therapeutix
Cowen analyst Ken Cacciatore says that while another Complete Response Letter from the FDA related to the Dextenza manufacturing process is disappointing, the issue could be resolved within the next year. Patient investors will eventually be rewarded for the company's OTX-TP glaucoma opportunity, Cacciatore tells investors in a research note. He keeps an Outperform rating on Ocular with a $60 price target. The stock in morning trading is down 18% to $6.20.

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