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Ocular Therapeutix initiated with an Outperform at Scotiabank

Ocular Therapeutix initiated with an Outperform at Scotiabank

Scotiabank initiated coverage of Ocular Therapeutix with an Outperform rating and $22 price target Long-acting implants are set to revolutionize the wet AMD treatment landscape in the coming years, says the firm, which views Ocular’s Axpaxli as differentiated on efficacy and treatment durability based on previous clinical data. Management has a positive track record in the retinal space, giving the firm confidence in execution of the pivotal program that is currently enrolling, the analyst added.

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