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Biotech / Medical : Omeros
OMER 7.330-2.5%Oct 31 9:30 AM EST
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From: Howard Williams6/29/2017 7:11:59 AM
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Omeros Releases Statement in Response to Recent False Report

Date(s): 29-Jun-2017 7:00 AM

SEATTLE--(BUSINESS WIRE)--Jun. 29, 2017-- Omeros Corporation (NASDAQ: OMER) stated today that it is aware of a report posted on-line by "Art Doyle," an entity or group that appears to be concealing its identity and is purportedly writing on behalf of itself or one or more employers. "Art Doyle" self-identifies as having a short position in Omeros' stock. While the company does not routinely respond to defamatory statements, given this report's egregious nature, the company elected to respond. This report is replete with falsehoods, misleading statements and incorrect analyses and conclusions. "Art Doyle" states that it stands to profit in the event that Omeros' share price declines. The report is actionable and the company is pursuing legal remedies. Omeros intends to hold all responsible parties accountable.

Omeros accurately reports the status and results of its commercial, clinical and development programs. The company continues to focus on growing its sales of OMIDRIA® (phenylephrine and ketorolac) 1%/0.3%, to advancing OMS721, its lead MASP-2 inhibitor, through Phase 3 clinical development, including subcutaneous and intravenous formulations, and to progressing its pipeline of additional clinical and preclinical programs.
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