Lpath Back In Play
By Brian L. Wilson:It's time to start tracking Lpath (LPTN.OB) again. The San Diego-based pharmaceutical company is leading a new trend of lipid-based therapies and shares are once again on the rise as speculators begin to watch their drug portfolio and rumors of a takeover by pharmaceutical giant Pfizer (PFE) begin to re-surface.In 2010, Pfizer entered into an exclusive agreement with Lpath for a worldwide license to develop and commercialize Lpath's leading drug iSONEP with the possibility of up to $500M in milestone payments throughout the drug's development.iSONEP is a drug being developed for the treatment of wet AMD (wet age-related macular degeneration). Wet AMD affects about 1.7 million of the 15 million U.S. residents affected by the disease. Current treatment is limited to laser surgery and VEGF inhibitors (pills that block the creation of new blood vessels in the back of the eye).VEGF inhibitors have been in the AMDComplete Story »
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