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Ocular Therapeutix (OCL) Stock Soars, FDA: Corrective Actions Address Concerns

NEW YORK (TheStreet) -- Shares of Ocular Therapeutix (OCUL) were rising 31.19% to $5.51 on heavy trading volume early Thursday afternoon after the Food and Drug Administration released a note saying the company's corrective actions on its new drug application for Dextenza have addressed the agency's concern.

Over 4.18 million shares of the Bedford, MA-based biopharmaceutical company have traded so far today, well above its 30-day daily average of 504,000 shares.

Ocular is seeking approval for Dextenza to treat ocular pain after eye surgery.

Last week, the FDA issued a note to the...