BALTIMORE, Oct. 27, 2010 (GLOBE NEWSWIRE) -- Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, has published a research update on Ohr Pharmaceutical, Inc. (OTCBB:OHRP), a pharmaceutical firm engaged in the development of drugs with large underserved markets.
Ohr has 2 primary drugs in Phase II development, including a treatment for cancer cachexia and WET-AMD (Age-related macular degeneration). The combined markets for these treatments are more than $3 billion.
In the Goldman Opportunity Research update on the Company, analyst Rob Goldman outlines milestone events that he believes will serve as catalysts for the Company's shares.
"We view Ohr as a stock that offers a rare opportunity to get in on the ground floor of a mature, late stage biotech. Two of its Phase II development drugs address large markets underserved by current therapies and have demonstrated stellar efficacy and safety profile results. The OHR/AVR 118 Phase IIb trial is up and running and Ohr's plans to engage in a delivery reformulation for Squalamine to treat WET-AMD are progressing. This could lead to a re-entry into Phase IIb trials with the new and current formulation, focused on the fellow eye (late stage WET-AMD), for which there is currently no effective treatment. Ohr presents great value and home run potential with its products under development."
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About Ohr Pharmaceutical, Inc.: Ohr Pharmaceutical, Inc. (OTCBB:OHRP) is focused on the development of two drugs: OHR/AVR 118 for the treatment of Cancer Cachexia and EVIZON(™) for the treatment of the wet form of age-related macular degeneration (Wet-AMD). Cancer Cachexia, the syndrome of body wasting that affects late-stage cancer patients, is a debilitating condition which adversely affects their quality of life. Wet-AMD is a leading cause of vision loss and blindness in the elderly population. The promise shown by OHR Pharmaceutical's products pipeline offer a new ray of hope to patients suffering from these devastating diseases.
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CONTACT: Goldman Small Cap Research Rob Goldman, Analyst 410-609-7100 firstname.lastname@example.org