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Lpath Withdraws From Pfizer's Process to Assign iSONEP Rights
Date:12/12/2013

SAN DIEGO, Dec. 12, 2013 /PRNewswire/ -- Lpath, Inc. (Nasdaq: LPTN), the category leader in lipid-targeted therapeutics, is no longer actively participating in Pfizer's process to assign the exclusive option it has for a worldwide license to develop and commercialize Lpath's iSONEP™.  Pfizer has informed Lpath that its offers were not competitive with other offers.Lpath's CEO, Scott Pancoast commented, "We made a serious effort to reacquire this asset, and we continue to believe in iSONEP's prospects.  However, given our commitment to fiscal discipline and building shareholder value, we simply are not in a position at this time to increase our offer.  We appreciate the competing interest shown in iSONEP by the other parties and look forward to Pfizer's process coming to a successful close."About Lpath
San Diego-based Lpath, Inc. (NASDAQ: LPTN), an antibody-platform company, is the category leader in lipidomics-based therapeutics, an emerging field of medicine that targets bioactive signaling lipids for treating a wide range of human disease. Lpath's ImmuneY2™ drug-discovery engine has the unique ability to generate therapeutic antibodies that bind to and inhibit bioactive lipids that contribute to disease. The company has developed four drug candidates, two of which—iSONEP™ for wet AMD and ASONEP™ for cancer—are currently being investigated in Phase 2 trials. The other candidates are an anti-LPA antibody that holds promise in neuropathic pain and neurotrauma and an anti-leukotriene antibody that holds promise in respiratory disease. For more information, visit www.Lpath.com.

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