Lpath intends to price a public offering of its class A common shares

Summer Street helps raise funds for research, development activities

By Devika Patel

Knoxville, Tenn., Dec. 13 - Lpath, Inc. plans to conduct a public offering of class A common stock, according to a prospectus supplement filed Thursday with the Securities and Exchange Commission. Summer Street Research Partners will have a 45-day greenshoe option.

Proceeds will be used for research and development activities, operating costs, capital expenditures and general corporate purposes, including working capital.

San Diego-based Lpath develops therapeutic treatments for human diseases.

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