Lpath (LPTN -19.5%) tanks today after announcing a public offering for an undisclosed ammount of...

|By:, SA News Editor

Lpath (LPTN -19.5%) tanks today after announcing a public offering for an undisclosed ammount of shares. Terms weren't disclosed, and the offering is subject to customary market conditions with no assurances as to whether or when it may be complete. Summer Street Research Partners is sole book-running manager for the offering.