10 Biggest Mid-Day Losers For Wednesday

Ocular Therapeutix Inc OCUL shares tumbled 23.3 percent to $5.83 after the biopharmaceutical company confirmed a major setback for its eye drug Dextenza, a therapy used for the treatment of ocular pain following ophthalmic surgery. Ocular confirmed in a press release after Tuesday's close it has received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration relating to its re-submission of a New Drug Application (CRL) for Dextenza. The CRL states that the FDA can't approve the company's NDA in its present form.
Westmoreland Resource Partners LP WMLP shares dropped 16 percent to $2.41.
Alder Biopharmaceuticals Inc ALDR shares declined 14.1 percent to $10.48. Alder BioPharmaceuticals announced intent to offer 12.5 million shares.
Takung Art Co Ltd TKAT shares dipped 13.7 percent to $4.10.
MSC Industrial Direct Co Inc MSM shares fell 13.2 percent to $75.56. MSC Industrial Direct reported in-line profit for its third quarter, but issued weak earnings forecast for the current quarter.
AVEO Pharmaceuticals, Inc. AVEO shares dropped 6.8 percent to $2.74 after declining 6.67 percent on Tuesday.
Ominto Inc OMNT shares fell 5.5 percent to $11.58.
AMEC Foster Wheeler plc AMFW shares dropped 4 percent to $5.42 after the company confirmed it has been informed by SFO that it has opened an investigation into merger.
Kindred Biosciences Inc KIN shares fell 3.8 percent to $7.55. KindredBio priced 3 million share offering at $7.50 per share.
Arena Pharmaceuticals, Inc. ARNA slipped 2.5 percent to $25.34. Arena Pharmaceuticals announced a proposed public offering of $150 million of shares.

Market News and Data brought to you by Benzinga APIs