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OPKO Announces Dismissal of PROLOR Biotech, Inc. Class Action Lawsuit

Companies mentioned in this article: OPKO Health, Inc.

MIAMI -- (BUSINESS WIRE) -- OPKO Health, Inc. (NYSE: OPK) today announced that on May 5, 2014, the Eighth Judicial District Court of the State of Nevada in and for the County of Clark granted the Company's motion to dismiss the securities class action lawsuit brought against the Company on behalf of the shareholders of PROLOR Biotech, Inc. in connection with the acquisition of PROLOR by OPKO. The Court dismissed all claims as to all defendants including PROLOR and its former officers and directors asserted in the case without prejudice.

ABOUT OPKO

OPKO is a multinational biopharmaceutical and diagnostics company that seeks to establish industry leading positions in large, rapidly growing markets by leveraging its discovery, development and commercialization expertise and novel and proprietary technologies.

This press release contains "forward-looking statements," as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning, including all non-historical statements about our expectations, beliefs or intentions regarding our business, technologies and products, financial condition, strategies, prospects, growth opportunities, and management. Many factors could cause our actual activities or results to differ materially from the activities and results anticipated in forward-looking statements. These factors include those described in our filings with the Securities and Exchange Commission, and risks inherent in funding, developing and obtaining regulatory approvals of new, commercially-viable and competitive products and treatments. In addition, forward-looking statements may also be adversely affected by general market factors, competitive product development, product availability, federal and state regulations and legislation, the regulatory process for new products and indications, manufacturing issues that may arise, patent positions and litigation, among other factors. The forward-looking statements contained in this press release speak only as of the date the statements were made, and, except as required by applicable law, we do not undertake any obligation to update forward-looking statements. We intend that all forward-looking statements be subject to the safe-harbor provisions of the PSLRA.


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Contact:

OPKO Health, Inc.
Steven D. Rubin or Adam Logal, 305-575-4100