Ocular Therapeutix Inc.

07/11/2019 | Press release | Distributed by Public on 07/11/2019 14:12

Ocular Therapeutix™ Announces Christopher White as Senior Vice President, Head of Business and Corporate Development

BEDFORD, Mass.--(BUSINESS WIRE)--Jul. 11, 2019-- Ocular Therapeutix™, Inc. (NASDAQ: OCUL), a biopharmaceutical company focused on the formulation, development, and commercialization of innovative therapies for diseases and conditions of the eye, today announced the appointment of Christopher White as Senior Vice President, Head of Business and Corporate Development.

'We are thrilled to welcome Chris to the Ocular team to oversee business and corporate development,' said Antony Mattessich, President and Chief Executive Officer. 'Chris joins us in the midst of a long and distinguished career that spans Big Pharma, management consulting, and both private and public biotech. I believe the momentum at Ocular has never been better with the recent launch of DEXTENZA® and, with a highly productive platform and pipeline, it is the right time to be building out our business development capabilities. We are incredibly fortunate to have attracted someone of Chris' talent and stature in the industry and we look forward to his immediate and ongoing contributions.'

Christopher White brings over 25 years of operations management, business development, partnering and strategic planning experience in the biopharmaceutical industry. Prior to joining Ocular, Mr. White was the Chief Operating Officer at Silver Creek Pharmaceuticals, a private Bay Area biotechnology company focused on the development of novel regenerative medicines. Prior to his work at Silver Creek, Mr. White held senior leadership positions in the biotechnology industry, including Chief Business Officer at both Entasis Therapeutics and AMAG Pharmaceuticals, where he was responsible for business and corporate development, portfolio management, and strategic planning. Prior to entering the biotechnology industry, Mr. White worked as a partner at management consulting firms Accenture and A.T. Kearney, where he advised pharmaceutical and biopharmaceutical clients on a broad range of commercial and strategic issues. Mr. White holds a Bachelor of Science degree in Chemical Engineering from Tufts University and a Master of Business Administration from Columbia University.

About Ocular Therapeutix, Inc.

Ocular Therapeutix, Inc. is a biopharmaceutical company focused on the formulation, development, and commercialization of innovative therapies for diseases and conditions of the eye using its proprietary bioresorbable hydrogel-based formulation technology. Ocular Therapeutix's first commercial drug product, DEXTENZA®, is FDA-approved for the treatment of ocular inflammation and pain following ophthalmic surgery. OTX-TP (intracanalicular travoprost insert) is an intracanalicular insert in Phase 3 clinical development for the reduction of intraocular pressure in patients with primary open-angle glaucoma and ocular hypertension. The Company's earlier stage assets include OTX-TIC, an extended-delivery intracameral travoprost implant for the reduction of intraocular pressure in patients with glaucoma and ocular hypertension, as well as sustained release intravitreal implants for the treatment of retinal diseases. These intravitreal implants include OTX-TKI, containing a tyrosine kinase inhibitor (TKI), and, in collaboration with Regeneron, OTX-IVT, an extended-delivery protein-based anti-vascular endothelial growth factor (VEGF) trap. Ocular Therapeutix's first product, ReSure® Sealant, is FDA-approved to seal corneal incisions following cataract surgery.

Forward Looking Statements
Any statements in this press release about future expectations, plans, and prospects for the Company, including the commercialization of DEXTENZA®, ReSure Sealant, or any of the Company's product candidates, including the commercial launch of, and receipt and effectiveness of reimbursement codes for, DEXTENZA; the development and regulatory status of the Company's product candidates such as the Company's regulatory submissions for and the timing and conduct of, or implications of results from, clinical trials of, and the prospects of approvability for, DEXTENZA for any additional indications, OTX-TP for the treatment of primary open-angle glaucoma and ocular hypertension, OTX-TIC for the treatment of primary open-angle glaucoma and ocular hypertension, OTX-TKI for the treatment of retinal diseases including wet AMD, and OTX-IVT as an extended-delivery formulation of the VEGF trap aflibercept for the treatment of retinal diseases including wet AMD; the ongoing development of the Company's extended-delivery hydrogel depot technology; the potential utility of any of the Company's product candidates; the potential benefits and future operation of the collaboration with Regeneron Pharmaceuticals, including any potential future payments thereunder; the sufficiency of the Company's cash resources and other statements containing the words 'anticipate,' 'believe,' 'estimate,' 'expect,' 'intend', 'goal,' 'may', 'might,' 'plan,' 'predict,' 'project,' 'target,' 'potential,' 'will,' 'would,' 'could,' 'should,' 'continue,' and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors. Such forward-looking statements involve substantial risks and uncertainties that could cause the Company's clinical development programs, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, those related to the timing and costs involved in commercializing DEXTENZA, ReSure Sealant or any product candidate that receives regulatory approval, including the conduct of post-approval studies, the ability to retain regulatory approval of DEXTENZA, ReSure Sealant or any product candidate that receives regulatory approval, the ability to obtain and maintain reimbursement codes for DEXTENZA, the initiation, timing and conduct of clinical trials, availability of data from clinical trials and expectations for regulatory submissions and approvals, the Company's scientific approach and general development progress, the availability or commercial potential of the Company's product candidates, the sufficiency of cash resources, the Company's existing indebtedness, the ability of the Company's creditors to accelerate the maturity of such indebtedness upon the occurrence of certain events of default, the outcome of the Company's ongoing legal proceedings and need for additional financing or other actions and other factors discussed in the 'Risk Factors' section contained in the Company's quarterly and annual reports on file with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent the Company's views as of the date of this release. The Company anticipates that subsequent events and developments will cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so except as required by law. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this release.

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Source: Ocular Therapeutix, Inc.

Investors
Ocular Therapeutix
Donald Notman
Chief Financial Officer
[email protected]
or
Westwicke, an ICR Company
Chris Brinzey
Managing Director
[email protected]

Media
Ocular Therapeutix
Scott Corning
Senior Vice President, Commercial
[email protected]