Ohr Pharmaceutical Announces Strategic Update and Fiscal First Quarter 2017 Earnings

Go back to Ohr Pharmaceutical Announces Strategic Update and Fiscal First Quarter 2017 Earnings

Ohr Pharmaceutical (OHRP) Reports Q1 Results; Pauses Enrollment in First Phase 3 Trial of Squalamine

February 14, 2017 7:16 AM EST

Ohr Pharmaceutical (NASDAQ: OHRP) reported Q1 EPS of ($0.21), versus ($0.20) reported last year.

In parallel with these ongoing business discussions, for strategic reasons, Ohr has paused enrollment in the first Phase 3 clinical trial of its lead drug candidate squalamine lactate ophthalmic solution, 0.2% (Squalamine), for the treatment of neovascular age-related macular degeneration (wet AMD). The enrollment pause is not related to any safety issue. Currently, there are more than 200 subjects enrolled in the... More