Ocular Therapeutix Stock Surges 10% Past $9 on Fresh SOL-1 Data Presentations for AXPAXLI
Ocular Therapeutix Inc. (OCUL) saw its stock jump over 10% on Thursday, closing at $9.30, in anticipation of new positive data presentations from its SOL-1 Phase 3 trial for AXPAXLI, a treatment for wet age-related macular degeneration. If approved, AXPAXLI could offer a long-lasting, differentiated treatment option, potentially requiring fewer injections than current therapies. The company is also advancing other trials for diabetic retinal disease and has a strong "Strong Buy" consensus from analysts, with an average price target of $23.56.