Ocular Therapeutix™ Announces the Hiring of Chad Brines, Vice President, Sales
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 hiring of Chad Brines as Vice
President, Sales. Mr. Brines will be responsible for implementing the Company’s commercial strategy and leading the commercial
field organization as the Company prepares for the launch of DEXTENZA®.
“We are pleased to welcome Chad at such an exciting time for Ocular,” said Antony Mattessich, President and Chief Executive
Officer. “Chad’s broad background of building and managing sales organizations for both pharmaceutical and medical device companies
is key as we prepare for the launch of DEXTENZA.”
Mr. Brines brings extensive experience building and leading regional and national sales organizations in both the pharmaceutical
and medical device industries. Prior to joining Ocular, Mr. Brines most recently served as a Regional Director for the
ophthalmology franchise of Novartis Pharmaceuticals. Previously, he was a Director of Area Sales at DJO Global, a medical device
company, and a Director of Regional Sales at Stryker Spine, a Division of Stryker Corporation. Prior to that Mr. Brines spent over
ten years in various sales and marketing roles at Ethicon Endo-Surgery, Inc., a Johnson & Johnson Company.
About DEXTENZA® (dexamethasone ophthalmic insert) 0.4mg, for intracanalicular use
DEXTENZA is FDA-approved for the treatment of ocular pain following ophthalmic surgery. DEXTENZA is a corticosteroid
intracanalicular insert placed in the punctum, a natural opening in the inner portion of the lower eyelid, and into the canaliculus
and is designed to deliver dexamethasone to the ocular surface for up to 30 days without preservatives. DEXTENZA resorbs and exits
the nasolacrimal system without the need for removal.
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 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 ReSure Sealant, DEXTENZA® or any of the Company’s product candidates; 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 DEXTENZA for the treatment of post-surgical ocular inflammation and the prospects for
approvability of DEXTENZA for post-surgical ocular inflammation or any other 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 Company’s post-approval studies of ReSure® Sealant and the
Company’s expectations regarding its appeal of the warning letter regarding ReSure Sealant; 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 ReSure Sealant, DEXTENZA or any product candidate that receives
regulatory approval, including the conduct of post-approval studies, the ability to retain regulatory approval of ReSure Sealant,
DEXTENZA or any product candidate that receives regulatory approval, 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 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. 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.
Investors
Ocular Therapeutix
Donald Notman
Chief Financial Officer
dnotman@ocutx.com
or
Westwicke Partners
Chris Brinzey
Managing Director
chris.brinzey@westwicke.com
Media
Ocular Therapeutix
Scott Corning
Senior Vice President, Commercial
scorning@ocutx.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20181206005263/en/