U.S. Markets open in 3 hrs 38 mins

IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Ophthotech Corporation, and Encourages Investors with Losses to Contact the Firm

IRVINE, CA / ACCESSWIRE / February 22, 2017 / Khang & Khang LLP (the "Firm") announces the filing of a class action lawsuit against Ophthotech Corporation ("Ophthotech" or the "Company") (OPHT). Investors, who purchased or otherwise acquired Ophthotech shares between May 11, 2015 and December 12, 2016 inclusive (the "Class Period"), are encouraged to contact the firm prior to March 13, 2017, also known as the lead plaintiff motion deadline.

If you purchased shares of Ophthotech during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at joon@khanglaw.com.

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

The Complaint states that Ophthotech issued deceptively positive reports about the success and potential of its treatment Fovista, used in combination with Lucentis, an anti-vascular endothelial growth factor agent on the market, despite knowing that the phase 3 clinical trial of Fovista would be unsuccessful in achieving its primary endpoint. According to the Complaint, these statements caused Ophthotech stock to trade at falsely inflated prices.

On December 12, 2016, Ophthotech announced that the trial did not achieve its primary endpoint.

When this information was disclosed to the investing public, the value of Ophthotech stock fell, causing shareholders serious harm.

If you wish to learn more about this lawsuit, at no charge, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.


Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474

SOURCE: Khang & Khang LLP