Avedro, Inc.

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Ademi & O’Reilly, LLP is investigating Avedro (Nasdaq: AVDR) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of Avedro to Glaukos.

Ademi & O’Reilly, LLP alleges Avedro’s financial outlook is improving and yet shareholders will receive only 0.365 shares of Glaukos stock for each share of Avedro common stock they own.  Gaukos is acquiring Avedro at a substantial discount.  The merger agreement unreasonably limits competing bids for Avedro by prohibiting solicitation of further bids, and imposing a termination penalty if Avedro accepts a superior bid. Avedro insiders will receive millions of dollars as part of change of control arrangements. We are investigating on the conduct of Avedro’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Avedro.