OCULAR THERAPEUTIX ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Ocular Therapeutix, Inc. To Contact The Firm

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Jul 19, 2017, 17:52 ET

NEW YORK, July 19, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Ocular Therapeutix, Inc. ("Ocular" or the "Company") (NASDAQ: OCUL) of the September 5, 2017 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Ocular stock or options between May 5, 2017 and July 11, 2017 and would like to discuss your legal rights, click here: www.faruqilaw.com/OCUL. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected].

CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26^th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330

The lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of all those who purchased Ocular securities between May 5, 2017 and July 11, 2017 (the "Class Period"). The case, Gallagher v. Ocular Therapeutix, Inc. et al, No. 2:17-cv-05011 was filed on July 7, 2017.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Ocular's management has been misleading investors about the Company's lead product, DEXTENZA, manufacturing issues, including that more than 50% of lots manufactured by Ocular contain bad product; (2) these manufacturing issues could imperil the approval of DEXTENZA by the U.S. Food and Drug Administration ("FDA"); and (3) as a result, the Company's public statements were materially false and misleading.

Specifically, on July 6, 2017, an article released on Seeking Alpha claimed, in part, that the Company "has been misleading investors about manufacturing," including that more than 50% of lots manufactured by the Company contain bad product. Then later on July 6, 2017, STAT published an article claiming that DEXTENZA could be rejected by the FDA because of product contamination found by an FDA inspector during a visit to the Company's manufacturing facility.

On this news, Ocular's share price fell from $9.50 per share on July 6, 2017 to a closing price of $7.12 on July 7, 2017—a $2.38 or a 25.05% drop.

Finally, on July 11, 2017, the Company issued a press release announcing that it had received a Complete Response Letter indicating that the FDA had determined it could not approve the application for DEXTENZA in its present form.

Following this news, Ocular's share price fell from $7.60 per share on July 11, 2017 to a closing price of $6.67 on July 12, 2017—a $0.93 or a 12.24% drop.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Ocular's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE Faruqi & Faruqi, LLP