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Lpath, Inc. (LPTN) Issued Patent Related To Ocular Drug Program ISONEP

|Includes: Apollo Endosurgery (APEN)

Lpath is a therapeutic antibody company and the category leader in lipid-targeted therapeutics. The company ImmuneY2 drug discovery engine has the unique ability to generate monoclonal antibodies that bind to and inhibit bioactive lipids that contribute to disease. Lpath has three drug candidates currently: Lpathomab, ASONEP, and iSONEP.

The company announced today that it has received official notification from the U.S. Patent and Trademark Office that it has been issued a key patent supporting its iSONEP program. The new patent claims methods of using monoclonal antibodies (including iSONEP) that bind sphingosine-1-phosphate (S1P) in the treatment of a wide variety of ocular conditions, including wet AMD (age-related macular degeneration). The company has a similar patent in Europe.

Lpath is currently conducting a Phase II clinical trial for iSONEP, called Nexus, which is evaluating the anti-S1P antibody's safety and efficacy in wet-AMD patients. In 2010, the company entered into an agreement with drug giant Pfizer that provides Pfizer an exclusive option for worldwide license to develop and commercialize iSONEP.

The company is also conducting a Phase II trial for ASONEP in renal cell carcinoma patients. Both iSONEP and ASONEP are formulations of sonepcizumab, a first-in-class therapeutic antibody against S1Pdeveloped using Lpath's ImmuneY2. Antibodies developed using this discovery engine are designed to target bioactive signaling lipids that are involved in cancer, macular degeneration, and many other diseases.

For further information about Lpath, its ImmuneY2 discovery engine, and its drug candidates, please visit Lpath.com

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