SAN FRANCISCO, CA--(Marketwire - October 17, 2012) - Vista Partners
announced today that it has updated coverage on Ohr Pharmaceutical, Inc.
) ("The Company" or "OHR") with a twelve month target price of $3.50. Ross Silver, Principal Analyst at Vista Partners, stated, "OHR is developing two drugs: Squalamine Eye Drops, in a Phase 2 trial, for the treatment of the wet form of age-related macular degeneration (Wet-AMD) & OHR/AVR 118, in a Phase 2 trial, for the treatment of Cancer Cachexia. Therapies for Wet-AMD such as ranibizumab (Lucentis®) sold by Genentech
(acquired by Roche), as well as Regeneron's
aflibercept (Eylea®) intravitreal injections, have become the market leaders in treating Wet-AMD and both therapies combined could garner approximately $5B in revenues in 2012. OHR's Wet-AMD clinical candidate Squalamine eye drops, in a Phase 2 trial, seems to present a significant advantage relative to the aforementioned therapies considering the delivery method which is self-administered eye drops. Both Lucentis® and Eylea® require an injection into the back of the eye. Earlier this year, Squalamine Eye Drops were awarded Fast Track designation by the U.S. Food and Drug Administration (FDA) for its potential treatment of Wet-AMD. The Squalamine Eye Drop program has the potential to create a monumental shift in the way patients are treated for Wet-AMD."
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