OPHTHOTECH CORPORATION (NASDAQ:OPHT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OPHTHOTECH CORPORATION (NASDAQ:OPHT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 20, 2017, Ian Smith notified Ophthotech Corporation (the “Company”) of his request not to be nominated for re-election to the Board of Directors (the “Board”) of the Company when his current term expires at the Company’s 2017 annual meeting of stockholders. Mr. Smith advised the Company that his request was a result of his increased responsibilities and time commitments following his appointment in December 2016 as Chief Operating Officer, in addition to his position as Chief Financial Officer, of Vertex Pharmaceuticals Incorporated, and not as a reult of any disagreement with the Company.
The Board, following a recommendation from the Nominating and Corporate Governance Committee of the Board, has determined to nominate Michael Ross, a current member of the Board, and Glenn Sblendorio, the Company’s President and Chief Financial Officer, for election as Class I directors of the Company at the Company’s 2017 annual meeting of stockholders.
About OPHTHOTECH CORPORATION (NASDAQ:OPHT)
Ophthotech Corporation is a biopharmaceutical company. The Company specializes in the development of therapeutics to treat diseases of the back of the eye, with a focus on developing therapeutics for age-related macular degeneration (AMD). Its advanced product candidate is Fovista, which is for use in combination with anti-vascular endothelial growth factor (VEGF) drugs. It is also developing its product candidate Zimura for the treatment of patients with geographic atrophy, a form of dry AMD, in combination with VEGF therapy for the treatment of polypoidal choroidal vasculopathy (PCV). Fovista is being tested in Phase III clinical development. In addition, it has initiated additional clinical trials to evaluate the potential additional benefits of Fovista administered in combination with anti-VEGF drugs in wet AMD patients, known as Fovista Expansion Studies. Zimura has completed a small, multicenter, uncontrolled, open label Phase I/IIa clinical trial. OPHTHOTECH CORPORATION (NASDAQ:OPHT) Recent Trading Information
OPHTHOTECH CORPORATION (NASDAQ:OPHT) closed its last trading session down -0.02 at 4.24 with 649,431 shares trading hands.
Ophthotech Corporation is a biopharmaceutical company. The Company specializes in the development of therapeutics to treat diseases of the back of the eye, with a focus on developing therapeutics for age-related macular degeneration (AMD). Its advanced product candidate is Fovista, which is for use in combination with anti-vascular endothelial growth factor (VEGF) drugs. It is also developing its product candidate Zimura for the treatment of patients with geographic atrophy, a form of dry AMD, in combination with VEGF therapy for the treatment of polypoidal choroidal vasculopathy (PCV). Fovista is being tested in Phase III clinical development. In addition, it has initiated additional clinical trials to evaluate the potential additional benefits of Fovista administered in combination with anti-VEGF drugs in wet AMD patients, known as Fovista Expansion Studies. Zimura has completed a small, multicenter, uncontrolled, open label Phase I/IIa clinical trial. OPHTHOTECH CORPORATION (NASDAQ:OPHT) Recent Trading Information
OPHTHOTECH CORPORATION (NASDAQ:OPHT) closed its last trading session down -0.02 at 4.24 with 649,431 shares trading hands.
