NEW YORK, April 22, 2015 /PRNewswire/ -- Ohr Pharmaceuticals, Inc. (NASDAQ: OHRP) is a New York based pharmaceutical company dedicated to the development of first-in-class drugs for under-served therapeutic needs, recently announced disappointing topline results from the exploratory Phase II IMPACT study evaluating OHR-102 (0.2% Squalamine lactate ophthalmic solution) combination therapy for the treatment of the wet form of age-related macular degeneration (wet-AMD). OHRP shares plunged 68.6% immediately after the company reported disappointing top-line results from an exploratory phase II study. Shares have yet to recover, but a potential upside exists.
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