Omeros Corp (OMER) Files Form 4 Insider Selling : Marcia S. Kelbon Sells 15,900 Shares

Omeros Corp (OMER): Marcia S. Kelbon , VP Patent and General Counsel of Omeros Corp sold 15,900 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $9.94 per share for a total value of $158,057.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 15, 2016, Marcia S. Kelbon (VP Patent and General Counsel) sold 15,900 shares at $15.18 per share price.On Nov 20, 2015, Thomas J. Cable (director) sold 2,000 shares at $13.73 per share price.Also, On Sep 8, 2015, Peter A Md Demopulos (director) purchased 3,962 shares at $12.68 per share price.

Omeros Corporation: On Thursday, May 19, 2016 heightened volatility was witnessed in Omeros Corporation which led to swings in the share price. The shares opened for trading at $10.68 and hit $11.35 on the upside , eventually ending the session at $11.27, with a gain of 5.03% or 0.54 points. The heightened volatility saw the trading volume jump to 3,26,845 shares. The 52-week high of the share price is $30.23 and the company has a market cap of $441,051 M . The 52-week low of the share price is at $8.9.

Omeros Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Omeros Corporation is Reiterated by Needham to Buy while Lowering the Price Target of the company shares to $ 28 from a previous price target of $30 . The Rating was issued on Mar 2, 2016.Omeros Corporation is Reiterated by Wedbush to Outperform while Lowering the Price Target of the company shares to $ 62 from a previous price target of $65 . The Rating was issued on Feb 29, 2016.

Omeros Corporation is a biopharmaceutical company. The Company is engaged in discovering developing and commercializing small-molecule and protein therapeutics for large-market as well as orphan indications targeting inflammation coagulopathies and disorders of the central nervous system. Its marketed drug product Omidria is approved in the United States for use during cataract surgery or intraocular lens (IOL) which is replacement surgery to maintain pupil size by preventing intraoperative miosis (pupil constriction) and to reduce postoperative ocular pain. Omidria is derived from its PharmacoSurgery platform which is for patients undergoing ophthalmological arthroscopic urological and other surgical procedures. It also has six clinical-stage development programs in its pipeline which includes a group of preclinical programs as well as two additional platforms: one capable of unlocking new G protein-coupled receptor drug targets and the other used to generate antibodies.

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