SAN DIEGO, CA--(Marketwire - August 20, 2008) - In the news release, " Lpath Receives $6.4 Million Equity Financing," issued earlier today by Lpath (OTCBB: LPTN), we are advised by the company that the amount of equity financing received should have been "$6.7 million" rather than "$6.4 million" as originally issued, that NovaQuest did not participate in this round of financing, and that Dawson James Securities should have been listed as a co-agent. Complete corrected text follows and replaces the initial release entirely.