Why Morgan Joseph Expects Triple-Digit Gains For This Pfizer Partner
By Takeover Analyst:Lpath (LPTN.OB), the leader of lipidomic-based therapeutics, is one of Morgan Joseph's top biotech picks - and for good reason. The company has several catalysts in play that address - and possibly cure - unmet medical needs. Developing monoclonal antibodies to target bioactive lipids through its ImmuneY2 platform technology, Lpath is, in my view, easily on Pfizer's (PFE) takeover radar. Here's why Morgan Joseph believes the company will hit $8 in less than 18 months from now:Lpath's lead product, iSONEP targets sphingosine 1 phosphate (S1P) to treat wet AMD (age-related macular degeneration), RPE (retinal pigment epithelium) detachment, and diabetic retinopathy. Around 50% of the elderly, or 1.5M in the United States, suffer from a condition in which blood vessels grow in the back of the eye to create a leaky faucet. Currently available drugs Lucentis and Avastin, owned by Genentech of the Roche Group (RHHBY.PK), only treat the symptomsComplete Story »
- Original article
- Login or register to post comments

