ALEXANDRIA, Va., July 23 -- United States Patent no. 12,364,686, issued on July 22, was assigned to Receptos LLC (New York).

"Sphingosine 1 phosphate receptor modulators" was invented by Roger Bakale (Summit, N.J.), Jeff Schkeryantz (Summit, N.J.) and Maurice Marsini (Summit, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Compounds are provided having the structure of Formula (I): (Formula (I)) or a pharmaceutically acceptable salt, homolog, hydrate or solvate thereof, wherein R is as defined herein. Such compounds serve as modulators of the sphingosine-1-phosphate receptor, and have utility for treatment of a malcondition for which activation of this receptor is medically indicated."

The patent was fi...