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BTIG Affirms Ophthotech (OPHT) at 'Buy'; Sees Publication of Fovista Phase 2b Data Easing Investor Worries

Go back to BTIG Affirms Ophthotech (OPHT) at 'Buy'; Sees Publication of Fovista Phase 2b Data Easing Investor Worries

Ophthotech Announces the Publication of Fovista® in Combination with Lucentis® Phase 2b Study Results in Ophthalmology®, the Journal of the American Academy of Ophthalmology

October 31, 2016 7:30 AM EDT

NEW YORK--(BUSINESS WIRE)-- Ophthotech Corporation (Nasdaq: OPHT) today announced that the Phase 2b study results of Fovista® (pegpleranib), the Company's anti-PDGF agent administered in combination with Lucentis® (ranibizumab) anti-VEGF therapy for the treatment of wet age-related macular degeneration (AMD), have been published online in Ophthalmology®, the journal of the American Academy of Ophthalmology.

The article in Ophthalmology from this prospective, randomized, controlled Phase 2b clinical trial of 449 patients with wet AMD, indicates that Ophthotechs Fovista® (1.5 mg), administered in combination with Lucentis®, met the pre-specified primary efficacy endpoint of mean... More