Lpath, Inc.
Lpath, Inc. (Lpath) is a developmental stage biotechnology company engaged in the discovery and development of bio-active lipid based therapeutics to treat human diseases. The company`s clinical development product candidates consist of Asonep, a humanized monoclonal antibody for the treatment of Multiple sclerosis and cancers; and iSONEP, indicated for Diabetic Retinopath, Glaucoma, and AMD. The company is headquartered in San Diego, United States.The company recorded revenues of $2.9 million during the fiscal year ended June 2008, an increase of 673.0% over 2007. The operating loss of the company was $11.7 million during the fiscal year 2008, as compared to an operating loss of $15.5 million during 2007. The net loss of the company was $11.5 million during the fiscal year 2008, as compared to a net loss of $15.1 million during 2007.
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