Ophthotech Corporation, a biopharmaceutical company, develops novel therapies to treat ophthalmic diseases, with a focus on age-related and orphan retinal diseases. The company is developing Zimura, an inhibitor of complement factor C5, for dry and wet forms of age-related macular degeneration, a disorder of the central portion of the retina known as the macula. Ophthotech Corporation has a research agreement with the University of Massachusetts Medical School to utilize the minigene therapy approach and novel gene delivery technologies to target retinal diseases. The company was founded in 2007 and is based in New York, New York.
Industry, Sector and Symbol
Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
Phone212-845-8200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$209.98 million
Profitability
Miscellaneous
Employees38
OptionableOptionable
Ophthotech (NASDAQ:OPHT) Frequently Asked Questions
What is Ophthotech's stock symbol?
Ophthotech trades on the NASDAQ under the ticker symbol "OPHT."
How were Ophthotech's earnings last quarter?
Ophthotech Corp (NASDAQ:OPHT) announced its earnings results on Wednesday, October, 31st. The biopharmaceutical company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.02. View Ophthotech's Earnings History.
When is Ophthotech's next earnings date?
What price target have analysts set for OPHT?
2 brokers have issued twelve-month price objectives for Ophthotech's shares. Their predictions range from $4.00 to $4.00. On average, they anticipate Ophthotech's stock price to reach $4.00 in the next twelve months. This suggests a possible upside of 189.9% from the stock's current price. View Analyst Price Targets for Ophthotech.
What is the consensus analysts' recommendation for Ophthotech?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ophthotech in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ophthotech.
What are Wall Street analysts saying about Ophthotech stock?
Here are some recent quotes from research analysts about Ophthotech stock:
- 1. According to Zacks Investment Research, "Ophthotech is focused on development of Zimura, after the failure of Fovista program. The company has reassessed its wet age-related macular degeneration (AMD) program and is developing Zimura in combination with anti-VEGF therapy. The company also collaborated with other companies to develop Zimura in combination studies. The company also has agreements with academic institutions to develop gene therapy for retinal diseases. With no approved products, the company’s revenues are dependent on collaborations, which may be affected by pipeline setbacks. In a major setback, Novartis terminated its agreement with Ophthotech following the failure of Fovista in three phase III program on Fovista. The company lost a major source of revenues. Shares have underperformed the industry so far this year." (12/31/2018)
- 2. Chardan Capital analysts commented, "We remain positive on the company’s relatively low-cost entry into gene therapy (GT) but reiterate our Neutral rating until we gain additional visibility on these assets. Recall both the Leber congenital amaurosis 10 (LCA10) gene therapy to deliver miniCEP290″ and ABCA4 GT in Stargardt disease licensed from 2018, as well as the autosomal dominant retinitis pigmentosa (adRP) asset licensed from the 2018, are preclinical. As such, catalysts are limited and, aside from a possible publication in the near term, are likely to generate meaningful catalysts on a 2020 horizon at best." (8/2/2018)
Has Ophthotech been receiving favorable news coverage?
Press coverage about OPHT stock has been trending very positive this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ophthotech earned a news sentiment score of 3.7 on InfoTrie's scale. They also assigned media coverage about the biopharmaceutical company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days.
Who are some of Ophthotech's key competitors?
Some companies that are related to Ophthotech include Acer Therapeutics (ACER), Strongbridge Biopharma (SBBP), resTORbio (TORC), Aduro BioTech (ADRO), Dova Pharmaceuticals (DOVA), Magenta Therapeutics (MGTA), MannKind (MNKD), Affimed (AFMD), CELYAD SA/ADR (CYAD), Kamada (KMDA), Syros Pharmaceuticals (SYRS), Kala Pharmaceuticals (KALA), TAIWAN LIPOSOME/S (TLC), Aeglea Bio Therapeutics (AGLE) and Arbutus Biopharma (ABUS).
Who are Ophthotech's key executives?
Ophthotech's management team includes the folowing people:
- Dr. David R. Guyer, Exec. Chairman (Age 58)
- Mr. Glenn P. Sblendorio M.B.A., CEO, Pres & Director (Age 62)
- Dr. Samir C. Patel M.D., Co-Founder and Consultant (Age 57)
- Mr. David F. Carroll, Sr. VP, CFO & Treasurer (Age 52)
- Mr. Keith Westby M.B.A., Sr. VP & COO (Age 43)
How do I buy shares of Ophthotech?
Shares of OPHT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ophthotech's stock price today?
One share of OPHT stock can currently be purchased for approximately $1.38.
How big of a company is Ophthotech?
Ophthotech has a market capitalization of $59.01 million and generates $209.98 million in revenue each year. The biopharmaceutical company earns $114.20 million in net income (profit) each year or $3.17 on an earnings per share basis. Ophthotech employs 38 workers across the globe.
What is Ophthotech's official website?
How can I contact Ophthotech?
Ophthotech's mailing address is ONE PENN PLAZA 35TH FLOOR, NEW YORK NY, 10119. The biopharmaceutical company can be reached via phone at 212-845-8200 or via email at [email protected]
MarketBeat Community Rating for Ophthotech (NASDAQ OPHT)
MarketBeat's community ratings are surveys of what our community members think about Ophthotech and other stocks. Vote "Outperform" if you believe OPHT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OPHT will underperform the S&P 500 over the long term. You may vote once every thirty days.
