Investigation Overview
February 9, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Ocera Therapeutics Inc (NASDAQ:OCRX) shares over potential securities laws violations by Ocera Therapeutics and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ocera Therapeutics Inc (NASDAQ:OCRX) concerning whether a series of statements by Ocera Therapeutics regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Palo Alto, CA based Ocera Therapeutics, Inc. is a clinical-stage biopharmaceutical company that is focused on acute and chronic orphan liver diseases. On January 30, 2017, Ocera Therapeutics Inc reported the results of its Phase 2b study of Ornithine Phenylacetate were not statistically significant in terms of the primary and secondary endpoints.