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Ocular Therapeutix initiated with a Buy at Chardan

Chardan initiated coverage of Ocular Therapeutix (OCUL) with a Buy rating and $21 price target The company’s lead Axpaxli program is slowly released over several months and has a potential to significantly reduce anti-VEGF treatment burden for patients with wet age-related macular degeneration and non-proliferative diabetic retinopathy, the analyst tells investors in a research note.

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