Law Offices of Howard G. Smith reminds investors of the upcoming January 22, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Osiris Therapeutics, Inc. (“Osiris” or the “Company”) (NASDAQ: OSIR) securities between May 12, 2014 and November 20, 2015, inclusive (the “Class Period”). Investors who suffered losses on their investment in Osiris securities are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights.

On November 16, 2015, the Company announced that it has “determined to correct the revenue recognition for three contracts which will result in a decrease in product revenues of $1.8 million in the first quarter of 2015.” On this news shares of Osiris fell over 21% to close at $10.97 per share on November 17, 2015. Then on December 17, 2015, the Company disclosed that the Company’s independent auditor BDO USA, LLP had resigned on December 14, 2015. On this news shares of Osiris fell a further 10% per share, thereby injuring investors.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company overstated revenues from several contracts and failed to follow GAAP standards, fixing its financial statements only a year and half later and causing millions in losses to the Company and Investors; and (ii) as a result of the foregoing, Osiris's public statements were materially false and misleading at all relevant times.

If you purchased Osiris shares, you may move the Court no later than January 22, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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