Thursday, December 8, 2011
Lpath Inc., of San Diego, filed to raise up to $10 million through a public offering of stock and warrants. Terms have not yet been set. Lpath trades on the OTCQB. Proceeds would be used for general corporate purposes, including a Phase II trial of iSONEP for wet age-related macular degeneration and a Phase Ib trial of the drug for retinal pigment epithelium detachment. ISONEP is an antibody targeting the bioactive lipid sphingosine-1-phosphate.
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