Abstract:
The present invention relates to novel oxadiazole derivatives, processes for preparing them, pharmaceutical compositions containing them and their use as pharmaceuticals as modulators of sphingosine-1-phosphate receptors.

Description:
RELATED APPLICATION 
     This application claims the benefit of U.S. Provisional Application Ser. No. 61/532,286, filed Sep. 8, 2011, the disclosure of which is hereby incorporated in its entirety herein by reference. 
    
    
     FIELD OF THE INVENTION 
     The present invention relates to novel oxadiazole derivatives, processes for preparing them, pharmaceutical compositions containing them and their use as pharmaceuticals as modulators of sphingosine-1-phosphate receptors. The invention relates specifically to the use of these compounds and their pharmaceutical compositions to treat disorders associated with sphingosine-1-phosphate (S1P) receptor modulation. 
     BACKGROUND OF THE INVENTION 
     Sphingosine-1 phosphate is stored in relatively high concentrations in human platelets, which lack the enzymes responsible for its catabolism, and it is released into the blood stream upon activation of physiological stimuli, such as growth factors, cytokines, and receptor agonists and antigens. It may also have a critical role in platelet aggregation and thrombosis and could aggravate cardiovascular diseases. On the other hand the relatively high concentration of the metabolite in high-density lipoproteins (HDL) may have beneficial implications for atherogenesis. For example, there are recent suggestions that sphingosine-1-phosphate, together with other lysolipids such as sphingosylphosphorylcholine and lysosulfatide, are responsible for the beneficial clinical effects of HDL by stimulating the production of the potent antiatherogenic signaling molecule nitric oxide by the vascular endothelium. In addition, like lysophosphatidic acid, it is a marker for certain types of cancer, and there is evidence that its role in cell division or proliferation may have an influence on the development of cancers. These are currently topics that are attracting great interest amongst medical researchers, and the potential for therapeutic intervention in sphingosine-1-phosphate metabolism is under active investigation. 
     WO 2009/109904 discloses novel aminomethyl benzene derivatives as S1P1/EDG1 receptor agonists. 
     WO2008/035239 discloses novel phenyloxadiazole derivatives as S1P1/EDG1 receptor agonists. 
     WO2011/071570 discloses novel oxadiazole derivatives as agonists or antagonists of the S1P family of G protein-coupled receptors. 
     SUMMARY OF THE INVENTION 
     We have now discovered a group of novel compounds which are potent and selective sphingosine-1-phosphate modulators. As such, the compounds described herein are useful in treating a wide variety of disorders associated with modulation of sphingosine-1-phosphate receptors. The term “modulator” as used herein, includes but is not limited to: receptor agonist, antagonist, inverse agonist, inverse antagonist, partial agonist, partial antagonist. 
     This invention describes compounds of Formula I, which have sphingosine-1-phosphate receptor biological activity. The compounds in accordance with the present invention are thus of use in medicine, for example in the treatment of humans with diseases and conditions that are alleviated by S1P modulation. In one aspect, the invention provides a compound having Formula I or a pharmaceutically acceptable salt thereof or stereoisomeric forms thereof, or the geometrical isomers, enantiomers, diastereoisomers, tautomers, zwitterions and pharmaceutically acceptable salts thereof: 
                                
wherein:
     R 1  is —C 6-10  aryl, —C 5-6  heterocycle, —C 3-8  cycloalkyl, —C 3-8  cycloalkenyl, —C 1-6  alkyl, or hydrogen;   R 2  is —OPO 3 H 2 , carboxylic acid, —PO 3 H 2 , —C 1-6  alkyl, —S(O) 2 H, —P(O)(Me)OH, —OP(O)(OMe) 2 , —P(O)(H)OH, —OR 3  or —OP(O)(OMe)(OH); and   R 3  is H or —C 1-3  alkyl.
 
In another aspect the invention provides a compound having Formula I wherein:
   R 1  is —C 1-6  alkyl;   R 2  is —OPO 3 H 2 , —OP(O)(OMe) 2 , —OR 3  or —OP(O)(OMe)(OH); and   R 3  is H.
 
In another aspect the invention provides a compound having Formula I wherein:
   R 1  is iso-propyl; and   R 2  is —OPO 3 H 2 , —OP(O)(OMe) 2 , —OH or —OP(O)(OMe)(OH).   

     The term “alkyl”, as used herein, refers to saturated, monovalent or divalent hydrocarbon moieties having linear or branched moieties or combinations thereof and containing 1 to 6 carbon atoms. One methylene (—CH 2 —) group, of the alkyl can be replaced by oxygen, sulfur, sulfoxide, nitrogen, carbonyl, carboxyl, sulfonyl, or by a divalent C 3-6  cycloalkyl. Alkyl groups can be substituted by halogen, hydroxyl, cycloalkyl, amino, non-aromatic heterocycles, carboxylic acid, phosphonic acid groups, sulphonic acid groups, phosphoric acid. 
     The term “cycloalkyl”, as used herein, refers to a monovalent or divalent group of 3 to 8 carbon atoms, preferably 3 to 5 carbon atoms derived from a saturated cyclic hydrocarbon. Cycloalkyl groups can be monocyclic or polycyclic. Cycloalkyl can be substituted by 1 to 3 C 1-3  alkyl groups or 1 or 2 halogens. 
     The term “cycloalkenyl”, as used herein, refers to a monovalent or divalent group of 3 to 8 carbon atoms, preferably 3 to 6 carbon atoms derived from a saturated cycloalkyl having one double bond. Cycloalkenyl groups can be monocyclic or polycyclic. Cycloalkenyl groups can be substituted by 1 to 3 C 1-3  alkyl groups or 1 or 2 halogens. 
     The term “halogen”, as used herein, refers to an atom of chlorine, bromine, fluorine, iodine. 
     The term “alkenyl”, as used herein, refers to a monovalent or divalent hydrocarbon radical having 2 to 6 carbon atoms, derived from a saturated alkyl, having at least one double bond. C 2-6  alkenyl can be in the E or Z configuration. Alkenyl groups can be substituted by 1 to 2 C 1-3  alkyl. 
     The term “alkynyl”, as used herein, refers to a monovalent or divalent hydrocarbon radical having 2 to 6 carbon atoms, derived from a saturated alkyl, having at least one triple bond. 
     The term “heterocycle” as used herein, refers to a 3 to 10 membered ring, which can be aromatic or non-aromatic, saturated or non-saturated, containing at least one heteroatom selected form O or N or S or combinations of at least two thereof, interrupting the carbocyclic ring structure. The heterocyclic ring can be saturated or non-saturated. The heterocyclic ring can be interrupted by a C═O; the S heteroatom can be oxidized. Heterocycles can be monocyclic or polycyclic. Heterocyclic ring moieties can be substituted by hydroxyl, 1 to 2 C 1-3  alkyl or 1 to 2 halogens. Usually, in the present case, heterocyclic groups are 5 or 6 membered rings. Usually, in the present case, heterocyclic groups are pyridine, furan, azetidine, thiazol, thiophene, oxazol, pyrazol. 
     The term “aryl” as used herein, refers to an organic moiety derived from an aromatic hydrocarbon consisting of a ring containing 6 to 10 carbon atoms by removal of one hydrogen, which can be substituted by 1 to 3 halogen atoms or by 1 to 2 C 1-3  alkyl groups. Usually aryl is phenyl. Preferred substitution site on aryl are meta and para positions. 
     The term “hydroxyl” as used herein, represents a group of formula “—OH”. 
     The term “carbonyl” as used herein, represents a group of formula “—C(O)”. 
     The term “carboxyl” as used herein, represents a group of formula “—C(O)O—”. 
     The term “sulfonyl” as used herein, represents a group of formula “—SO 2 ”. 
     The term “sulfate” as used herein, represents a group of formula “—O—S(O) 2 —O—”. 
     The term “carboxylic acid” as used herein, represents a group of formula “—C(O)OH”. 
     The term “sulfoxide” as used herein, represents a group of formula “—S═O”. 
     The term “phosphonic acid” as used herein, represents a group of formula “—P(O)(OH) 2 ”. 
     The term “phosphoric acid” as used herein, represents a group of formula “—(O)P(O)(OH) 2 ”. 
     The term “boronic acid”, as used herein, represents a group of formula “—B(OH) 2 ”. 
     The term “sulphonic acid” as used herein, represents a group of formula “—S(O) 2 OH”. 
     The formula “H”, as used herein, represents a hydrogen atom. 
     The formula “O”, as used herein, represents an oxygen atom. 
     The formula “N”, as used herein, represents a nitrogen atom. 
     The formula “S”, as used herein, represents a sulfur atom. 
     Some compounds of the invention are: 
     5-{3-[3-chloro-4-(2,3-dihydroxypropoxy)phenyl]-1,2,4-oxadiazol-5-yl}-2-isopropoxybenzonitrile; 
     3-{2-chloro-4-[5-(3-cyano-4-isopropoxyphenyl)-1,2,4-oxadiazol-3-yl]phenoxy}-2-hydroxypropyl dimethyl phosphate; 
     3-{2-chloro-4-[5-(3-cyano-4-isopropoxyphenyl)-1,2,4-oxadiazol-3-yl]phenoxy}-2-hydroxypropyl methyl hydrogen phosphate; 
     3-{2-chloro-4-[5-(3-cyano-4-isopropoxyphenyl)-1,2,4-oxadiazol-3-yl]phenoxy}-2-hydroxypropyl dihydrogen phosphate. 
     Some compounds of Formula I and some of their intermediates have at least one stereogenic center in their structure. This stereogenic center may be present in an R or S configuration, said R and S notation is used in correspondence with the rules described in Pure Appli. Chem. (1976), 45, 11-13. 
     The term “pharmaceutically acceptable salts” refers to salts or complexes that retain the desired biological activity of the above identified compounds and exhibit minimal or no undesired toxicological effects. The “pharmaceutically acceptable salts” according to the invention include therapeutically active, non-toxic base or acid salt forms, which the compounds of Formula I are able to form. 
     The acid addition salt form of a compound of Formula I that occurs in its free form as a base can be obtained by treating the free base with an appropriate acid such as an inorganic acid, such as for example, hydrochloric acid, hydrobromic acid, sulfuric acid, phosphoric acid, nitric acid and the like; or an organic acid such as for example, acetic, hydroxyacetic, propanoic, lactic, pyruvic, malonic, fumaric acid, maleic acid, oxalic acid, tartaric acid, succinic acid, malic acid, ascorbic acid, benzoic acid, tannic acid, pamoic acid, citric, methylsulfonic, ethanesulfonic, benzenesulfonic, formic and the like (Handbook of Pharmaceutical Salts, P. Heinrich Stahal &amp; Camille G. Wermuth (Eds), Verlag Helvetica Chemica Acta-Zürich, 2002, 329-345). 
     Compounds of Formula I and their salts can be in the form of a solvate, which is included within the scope of the present invention. Such solvates include for example hydrates, alcoholates and the like. 
     With respect to the present invention reference to a compound or compounds, is intended to encompass that compound in each of its possible isomeric forms and mixtures thereof unless the particular isomeric form is referred to specifically. 
     Compounds according to the present invention may exist in different polymorphic forms. Although not explicitly indicated in the above formula, such forms are intended to be included within the scope of the present invention. 
     The compounds of the invention are indicated for use in treating or preventing conditions in which there is likely to be a component involving the sphingosine-1-phosphate receptors. 
     In another embodiment, there are provided pharmaceutical compositions including at least one compound of the invention in a pharmaceutically acceptable carrier. 
     In a further embodiment of the invention, there are provided methods for treating disorders associated with modulation of sphingosine-1-phosphate receptors. Such methods can be performed, for example, by administering to a subject in need thereof a pharmaceutical composition containing a therapeutically effective amount of at least one compound of the invention. 
     These compounds are useful for the treatment of mammals, including humans, with a range of conditions and diseases that are alleviated by S1P modulation: not limited to the treatment of diabetic retinopathy, other retinal degenerative conditions, dry eye, angiogenesis and wounds. 
     Therapeutic utilities of S1P modulators are ocular diseases, such as but not limited to: wet and dry age-related macular degeneration, diabetic retinopathy, retinopathy of prematurity, retinal edema, geographic atrophy, glaucomatous optic neuropathy, chorioretinopathy, hypertensive retinopathy, ocular ischemic syndrome, prevention of inflammation-induced fibrosis in the back of the eye, various ocular inflammatory diseases including uveitis, scleritis, keratitis, and retinal vasculitis; or systemic vascular barrier related diseases such as but not limited to: various inflammatory diseases, including acute lung injury, its prevention, sepsis, tumor metastasis, atherosclerosis, pulmonary edemas, and ventilation-induced lung injury; or autoimmune diseases and immunosuppression such as but not limited to: rheumatoid arthritis, Crohn&#39;s disease, Graves&#39; disease, inflammatory bowel disease, multiple sclerosis, Myasthenia gravis, Psoriasis, ulcerative colitis, antoimmune uveitis, renal ischemia/perfusion injury, contact hypersensitivity, atopic dermititis, and organ transplantation; or allergies and other inflammatory diseases such as but not limited to: urticaria, bronchial asthma, and other airway inflammations including pulmonary emphysema and chronic obstructive pulmonary diseases; or cardiac protection such as but not limited to: ischemia reperfusion injury and atherosclerosis; or wound healing such as but not limited to: scar-free healing of wounds from cosmetic skin surgery, ocular surgery, GI surgery, general surgery, oral injuries, various mechanical, heat and burn injuries, prevention and treatment of photoaging and skin ageing, and prevention of radiation-induced injuries; or bone formation such as but not limited to: treatment of osteoporosis and various bone fractures including hip and ankles; or anti-nociceptive activity such as but not limited to: visceral pain, pain associated with diabetic neuropathy, rheumatoid arthritis, chronic knee and joint pain, tendonitis, osteoarthritis, neuropathic pains; or central nervous system neuronal activity in Alzheimer&#39;s disease, age-related neuronal injuries; or in organ transplant such as renal, corneal, cardiac or adipose tissue transplant. 
     In still another embodiment of the invention, there are provided methods for treating disorders associated with modulation of sphingosine-1-phosphate receptors. Such methods can be performed, for example, by administering to a subject in need thereof a therapeutically effective amount of at least one compound of the invention, or any combination thereof, or pharmaceutically acceptable salts, hydrates, solvates, crystal forms and individual isomers, enantiomers, and diastereomers thereof. 
     In still another embodiment of the invention, there are provided methods for treating immunosuppressant disorders associated with modulation of sphingosine-1-phosphate receptors, selected from: rheumatoid arthritis, psoriasis, atherosclerosis, autoimmune uveitis, dry eye, inflammatory bowel diseases, atopic allergy, atopic dermatitis, contact dermatitis, multiple sclerosis, Sjogren&#39;s syndrome and organ transplant rejection. 
     The present invention concerns the use of a compound of Formula I or a pharmaceutically acceptable salt thereof, for the manufacture of a medicament for the treatment of ocular disease, wet and dry age-related macular degeneration, diabetic retinopathy, retinopathy of prematurity, retinal edema, geographic atrophy, glaucomatous optic neuropathy, chorioretinopathy, hypertensive retinopathy, ocular ischemic syndrome, prevention of inflammation-induced fibrosis in the back of the eye, various ocular inflammatory diseases including uveitis, scleritis, keratitis, and retinal vasculitis; or systemic vascular barrier related diseases, various inflammatory diseases, including acute lung injury, its prevention, sepsis, tumor metastasis, atherosclerosis, pulmonary edemas, and ventilation-induced lung injury; or autoimmune diseases and immunosuppression, rheumatoid arthritis, Crohn&#39;s disease, Graves&#39; disease, inflammatory bowel disease, multiple sclerosis, Myasthenia gravis, Psoriasis, ulcerative colitis, antoimmune uveitis, renal ischemia/perfusion injury, contact hypersensitivity, atopic dermititis, and organ transplantation; or allergies and other inflammatory diseases, urticaria, bronchial asthma, and other airway inflammations including pulmonary emphysema and chronic obstructive pulmonary diseases; or cardiac protection, ischemia reperfusion injury and atherosclerosis; or wound healing, scar-free healing of wounds from cosmetic skin surgery, ocular surgery, GI surgery, general surgery, oral injuries, various mechanical, heat and burn injuries, prevention and treatment of photoaging and skin ageing, and prevention of radiation-induced injuries; or bone formation, treatment of osteoporosis and various bone fractures including hip and ankles; or anti-nociceptive activity, visceral pain, pain associated with diabetic neuropathy, rheumatoid arthritis, chronic knee and joint pain, tendonitis, osteoarthritis, neuropathic pains; or central nervous system neuronal activity in Alzheimer&#39;s disease, age-related neuronal injuries; or in organ transplant such as renal, corneal, cardiac or adipose tissue transplant. 
     The actual amount of the compound to be administered in any given case will be determined by a physician taking into account the relevant circumstances, such as the severity of the condition, the age and weight of the patient, the patient&#39;s general physical condition, the cause of the condition, and the route of administration. 
     The patient will be administered the compound orally in any acceptable form, such as a tablet, liquid, capsule, powder and the like, or other routes may be desirable or necessary, particularly if the patient suffers from nausea. Such other routes may include, without exception, transdermal, parenteral, subcutaneous, intranasal, via an implant stent, intrathecal, intravitreal, topical to the eye, back to the eye, intramuscular, intravenous, and intrarectal modes of delivery. Additionally, the formulations may be designed to delay release of the active compound over a given period of time, or to carefully control the amount of drug released at a given time during the course of therapy. 
     In another embodiment of the invention, there are provided pharmaceutical compositions including at least one compound of the invention in a pharmaceutically acceptable carrier thereof. The phrase “pharmaceutically acceptable” means the carrier, diluent or excipient must be compatible with the other ingredients of the formulation and not deleterious to the recipient thereof. 
     Pharmaceutical compositions of the present invention can be used in the form of a solid, a solution, an emulsion, a dispersion, a patch, a micelle, a liposome, and the like, wherein the resulting composition contains one or more compounds of the present invention, as an active ingredient, in admixture with an organic or inorganic carrier or excipient suitable for enteral or parenteral applications. Invention compounds may be combined, for example, with the usual non-toxic, pharmaceutically acceptable carriers for tablets, pellets, capsules, suppositories, solutions, emulsions, suspensions, and any other form suitable for use. The carriers which can be used include glucose, lactose, gum acacia, gelatin, mannitol, starch paste, magnesium trisilicate, talc, corn starch, keratin, colloidal silica, potato starch, urea, medium chain length triglycerides, dextrans, and other carriers suitable for use in manufacturing preparations, in solid, semisolid, or liquid form. In addition auxiliary, stabilizing, thickening and coloring agents and perfumes may be used. Invention compounds are included in the pharmaceutical composition in an amount sufficient to produce the desired effect upon the process or disease condition. 
     Pharmaceutical compositions containing invention compounds may be in a form suitable for oral use, for example, as tablets, troches, lozenges, aqueous or oily suspensions, dispersible powders or granules, emulsions, hard or soft capsules, or syrups or elixirs. Compositions intended for oral use may be prepared according to any method known in the art for the manufacture of pharmaceutical compositions and such compositions may contain one or more agents selected from the group consisting of a sweetening agent such as sucrose, lactose, or saccharin, flavoring agents such as peppermint, oil of wintergreen or cherry, coloring agents and preserving agents in order to provide pharmaceutically elegant and palatable preparations. Tablets containing invention compounds in admixture with non-toxic pharmaceutically acceptable excipients may also be manufactured by known methods. The excipients used may be, for example, (1) inert diluents such as calcium carbonate, lactose, calcium phosphate or sodium phosphate; (2) granulating and disintegrating agents such as corn starch, potato starch or alginic acid; (3) binding agents such as gum tragacanth, corn starch, gelatin or acacia, and (4) lubricating agents such as magnesium stearate, stearic acid or talc. The tablets may be uncoated or they may be coated by known techniques to delay disintegration and absorption in the gastrointestinal tract and thereby provide a sustained action over a longer period. For example, a time delay material such as glyceryl monostearate or glyceryl distearate may be employed. 
     In some cases, formulations for oral use may be in the form of hard gelatin capsules wherein the invention compounds are mixed with an inert solid diluent, for example, calcium carbonate, calcium phosphate or kaolin. They may also be in the form of soft gelatin capsules wherein the invention compounds are mixed with water or an oil medium, for example, peanut oil, liquid paraffin or olive oil. 
     The pharmaceutical compositions may be in the form of a sterile injectable suspension. This suspension may be formulated according to known methods using suitable dispersing or wetting agents and suspending agents. The sterile injectable preparation may also be a sterile injectable solution or suspension in a non-toxic parenterally-acceptable diluent or solvent, for example, as a solution in 1,3-butanediol. Sterile, fixed oils are conventionally employed as a solvent or suspending medium. For this purpose any bland fixed oil may be employed including synthetic mono- or diglycerides, fatty acids (including oleic acid), naturally occurring vegetable oils like sesame oil, coconut oil, peanut oil, cottonseed oil, etc., or synthetic fatty vehicles like ethyl oleate or the like. Buffers, preservatives, antioxidants, and the like can be incorporated as required. 
     Invention compounds may also be administered in the form of suppositories for rectal administration of the drug. These compositions may be prepared by mixing the invention compounds with a suitable non-irritating excipient, such as cocoa butter, synthetic glyceride esters of polyethylene glycols, which are solid at ordinary temperatures, but liquefy and/or dissolve in the rectal cavity to release the drug. 
     Since individual subjects may present a wide variation in severity of symptoms and each drug has its unique therapeutic characteristics, the precise mode of administration and dosage employed for each subject is left to the discretion of the practitioner. 
     The compounds and pharmaceutical compositions described herein are useful as medicaments in mammals, including humans, for treatment of diseases and/or alleviations of conditions which are responsive to treatment by agonists or functional antagonists of sphingosine-1-phosphate receptors. Thus, in further embodiments of the invention, there are provided methods for treating a disorder associated with modulation of sphingosine-1-phosphate receptors. Such methods can be performed, for example, by administering to a subject in need thereof a pharmaceutical composition containing a therapeutically effective amount of at least one invention compound. As used herein, the term “therapeutically effective amount” means the amount of the pharmaceutical composition that will elicit the biological or medical response of a subject in need thereof that is being sought by the researcher, veterinarian, medical doctor or other clinician. In some embodiments, the subject in need thereof is a mammal. In some embodiments, the mammal is human. 
     The present invention concerns also processes for preparing the compounds of Formula I. The compounds of formula I according to the invention can be prepared analogously to conventional methods as understood by the person skilled in the art of synthetic organic chemistry. The synthetic schemes set forth below, illustrate how compounds according to the invention can be made. 
     General Schemes 
     
       
                 
         
             
             
         
      
     
     Sodium hydroxide was added to a solution of 4-bromo-2-phenol derivative in ethanol, the reaction mixture was heated to reflux for 10 min. A solution of 3-chloropropane-1,2-diol in ethanol was added drop wise to the reaction mixture and heated to reflux for 3.5 h. After cooling to room temperature, an extraction workup afforded the diol intermediate. Those skilled in the art will be able to routinely modify and/or adapt the following scheme to synthesize any compounds of the invention covered by Formula I. 
    
    
     
       DESCRIPTION OF THE DRAWINGS 
         FIG. 1  shows the in vivo blood lymphocyte depletion after dosing the mice with Compound 1, 5-{3-[3-chloro-4-(2,3-dihydroxypropoxy)phenyl]-1,2,4-oxadiazol-5-yl}-2-isopropoxybenzonitrile. 
     
    
    
     DETAILED DESCRIPTION OF THE INVENTION 
     It is to be understood that both the foregoing general description and the following detailed description are exemplary and explanatory only and are not restrictive of the invention claimed. As used herein, the use of the singular includes the plural unless specifically stated otherwise. 
     It will be readily apparent to those skilled in the art that some of the compounds of the invention may contain one or more asymmetric centers, such that the compounds may exist in enantiomeric as well as in diastereomeric forms. Unless it is specifically noted otherwise, the scope of the present invention includes all enantiomers, diastereomers and racemic mixtures. Some of the compounds of the invention may form salts with pharmaceutically acceptable acids or bases, and such pharmaceutically acceptable salts of the compounds described herein are also within the scope of the invention. 
     The present invention includes all pharmaceutically acceptable isotopically enriched compounds. Any compound of the invention may contain one or more isotopic atoms enriched or different than the natural ratio such as deuterium  2 H (or D) in place of protium  1 H (or H) or use of  13 C enriched material in place of  12 C and the like. Similar substitutions can be employed for N, O and S. The use of isotopes may assist in analytical as well as therapeutic aspects of the invention. For example, use of deuterium may increase the in vivo half-life by altering the metabolism (rate) of the compounds of the invention. These compounds can be prepared in accord with the preparations described by use of isotopically enriched reagents. 
     The following examples are for illustrative purposes only and are not intended, nor should they be construed as limiting the invention in any manner. Those skilled in the art will appreciate that variations and modifications of the following examples can be made without exceeding the spirit or scope of the invention. 
     As will be evident to those skilled in the art, individual isomeric forms can be obtained by separation of mixtures thereof in conventional manner. For example, in the case of diasteroisomeric isomers, chromatographic separation may be employed. 
     Compound names were generated with ACD version 8. In general, characterization of the compounds is performed according to the following methods: 
     NMR spectra are recorded on 300 and/or 600 MHz Varian and acquired at room temperature. Chemical shifts are given in ppm referenced either to internal TMS or to the solvent signal. 
     All the reagents, solvents, catalysts for which the synthesis is not described are purchased from chemical vendors such as Sigma Aldrich, Fluka, Bio-Blocks, Combi-blocks, TCI, VWR, Lancaster, Oakwood, Trans World Chemical, Alfa, Fisher, Maybridge, Frontier, Matrix, Ukrorgsynth, Toronto, Ryan Scientific, SiliCycle, Anaspec, Syn Chem, Chem-Impex, MIC-scientific, Ltd; however some known intermediates, were prepared according to published procedures. 
     Usually the compounds of the invention were purified by column chromatography (Auto-column) on an Teledyne-ISCO CombiFlash with a silica column, unless noted otherwise. 
     The following abbreviations are used in the examples: 
     
         
         NaOH sodium hydroxide 
         RT room temperature 
         DMF dimethylformamide 
         MPLC medium pressure liquid chromatography 
         THF tetrahydrofuran 
         HCl hydrochloric acid 
         CDCl 3  deuterated chloroform 
         CD 3 OD deuterated methanol
 
The following synthetic schemes illustrate how compounds according to the invention can be made. Those skilled in the art will be routinely able to modify and/or adapt the following schemes to synthesize any compound of the invention covered by Formula I.
 
       
    
     EXAMPLE 1 
     Intermediate 1 
     3-(4-bromo-2-chlorophenoxy)propane-1,2-diol 
     
       
                 
         
             
             
         
      
     
     To a solution of 4-bromo-2-chlorophenol (5.79 g, 28.0 mmol) in ethanol (17 mL) was added NaOH (6N, 5.6 mL) and heated to reflux for 10 min. A solution of 3-chloropropane-1,2-diol (3.71 g, 33.6 mmol) in ethanol (28 mL) was added dropwise to the reaction mixture and heated to reflux for 3.5 h. After cooling to RT, the reaction mixture was diluted with water, extracted with ether, washed with brine, dried over magnesium sulfate and concentrated to afford 7.71 g of Intermediate 1 as a white solid. 
       1 H NMR (CDCl 3 ) δ: 7.51 (d, J=2.3 Hz, 1H), 7.33 (dd, J=8.8, 2.3 Hz, 1H), 6.82 (d, J=8.8 Hz, 1H), 4.03-4.17 (m, 3H), 3.76-3.91 (m, 2H), 2.11 (br. s., 2H). 
     EXAMPLE2 
     Intermediate 2 
     3-chloro-4-(2,3-dihydroxypropoxy)benzonitrile 
     
       
                 
         
             
             
         
      
     
     A solution of 3-(4-bromo-2-chlorophenoxy)propane-1,2-diol (1.0 g, 3.7 mmol) in DMF (20 mL) was added copper (I) cyanide (365 mg, 4.1 mmol). After submitting to microwave induction at 150° C. for 2 h, the reaction mixture was cooled to RT and diluted with water. Extraction with ethyl acetate, washed with brine, dried over magnesium sulfate and concentrated. The crude material was purified by MPLC (5% ethyl acetate in hexanes) to give rise to 370 mg of Intermediate 2. 
       1 H NMR (CDCl 3 ) δ: 7.67 (d, J=2.1 Hz, 1H), 7.56 (dd, J=8.5, 2.1 Hz, 1H), 7.01 (d, J=8.5 Hz, 1H), 4.16-4.22 (m, 3H), 3.81-3.91 (m, 2H), 2.35 (br. s., 2H). 
     EXAMPLE 3 
     Intermediate 3 
     3-chloro-4-(2,3-dihydroxypropoxy)-N′-hydroxybenzenecarboximidamide 
     
       
                 
         
             
             
         
      
     
     To a solution of 3-chloro-4-(2,3-dihydroxypropoxy)benzonitrile (1.11 g, 4.9 mmol) in methanol (10 mL) at 50° C. was added hydroxylamine solution (50 wt % in water, 0.9 mL). After stirring at 50° C. for 6 h, the reaction mixture was cooled to RT and concentrated. Purification by MPLC (10% ethyl acetate in hexanes) gave 1.5 g of Intermediate 3 as a colorless solid. 
       1 H NMR (CD 3 OD) δ: 7.67 (d, J=2.1 Hz, 1H), 7.54 (dd, J=8.6, 2.2 Hz, 1H), 7.10 (d, J=8.5 Hz, 1H), 3.97-4.17 (m, 3H), 3.66-3.78 (m, 2H) 
     EXAMPLE 4 
     Compound 1 
     5-{3-[3-chloro-4-(2,3-dihydroxypropoxy)phenyl]-1,2,4-oxadiazol-5-yl}-2-isopropoxybenzonitrile 
     
       
                 
         
             
             
         
      
     
     A solution of 3-cyano-4-isopropoxybenzoic acid (760 mg, 3.7 mmol) in THF (12 mL) was added 1,1′-carbonyldiimidazole (660 mg, 4.1 mmol) and stirred at RT for 2 h. A solution of Intermediate 3 (1.1 g, 4.1 mmol) in THF (8 mL) was added to the reaction mixture. After heating to 50° C. with stirring for 3 h, the reaction mixture was submitted to microwave induction for 20 min at 150° C. After cooling to RT, the reaction was quenched with water and extracted with ethyl acetate. The organic layers were washed with a saturated sodium bicarbonate solution, brine, dried over magnesium sulfate, and concentrated. Purification by MPLC (ethyl acetate) gave 843 mg Compound 1 as a colorless solid. 
       1 H NMR (CD 3 OD) δ: 8.30-8.45 (m, 2H), 8.07 (d, J=2.1 Hz, 1H), 8.01 (dd, J=8.5, 2.1 Hz, 1H), 7.41 (d, J=8.8 Hz, 1H), 7.24 (d, J=8.8 Hz, 1H), 4.93 (ddd, J=12.2, 6.0, 5.9 Hz, 1H), 4.03-4.24 (m, 3H), 3.68-3.81 (m, 2H), 1.45 (d, J=6.2 Hz, 6H). 
     EXAMPLE 5 
     Compound 2 
     3-{2-chloro-4-[5-(3-cyano-4-isopropoxyphenyl)-1,2,4-oxadiazol-3-yl]phenoxy}-2-hydroxypropyl dimethyl phosphate 
     
       
                 
         
             
             
         
      
     
     A solution of Compound 1 (0.64 g, 1.5 mmol) and carbon tetrabromide (0.62 g, 1.9 mmol) in pyridine (3.5 mL) at 0° C. was added trimethyl phosphate (0.25 mL, 2.1 mmol) dropwise. After stirring at 0° C. with warming to RT over 16 h, the reaction mixture was quenched with 1N HCl and extracted with ethyl acetate. The organic layers were washed with a saturated sodium bicarbonate solution and brine, dried with magnesium sulfate and concentrated. Purification by MPLC (ethyl acetate) afforded 373 mg of the title compound as a colorless solid. 
       1 H NMR (CDCl 3 ) δ: 8.37 (d, J=2.1 Hz, 1H), 8.31 (dd, J=9.1, 1.5 Hz, 1H), 8.14 (d, J=2.1 Hz, 1H), 8.00 (dd, J=8.5, 2.1 Hz, 1H), 7.12 (d, J=8.8 Hz, 1H), 7.05 (d, J=8.5 Hz, 1H), 4.80 (quin, J=6.2 Hz, 1H), 4.28-4.39 (m, 3H), 4.15-4.24 (m, 2H), 3.83 (d, J=1.2 Hz, 3H), 3.79 (d, J=1.2 Hz, 3H), 1.48 (d, J=6.2 Hz, 6H). 
     EXAMPLE 6 
     Compound 3 
     3-{2-chloro-4-[5-(3-cyano-4-isopropoxyphenyl)-1,2,4-oxadiazol-3-yl]phenoxy}-2-hydroxypropyl methyl hydrogen phosphate 
     
       
                 
         
             
             
         
      
     
     To a solution of Compound 2 (48 gm, 0.09 mmol) in methanol (5 mL) at 0° C. was added bromotrimethylsilane (53 uL, 0.4 mmol) dropwise. After stirring at RT for 1 h, the reaction mixture was concentrated and purified by MPLC (gradient 6:1 chloroform/methanol to 6:3 chloroform/methanol to 6:3:0.1 chloroform/methanol/water) to afford 7 mg of Compound 3. 
       1 H NMR (CD 3 OD) δ: 8.39-8.44 (m, 2H), 8.10 (d, J=2.3 Hz, 1H), 8.03 (dd, J=8.7, 2.2 Hz, 1H), 7.42 (d, J=9.1 Hz, 1H), 7.28 (d, J=8.8 Hz, 1H), 4.94 (dt, J=12.0, 5.9 Hz, 1H), 4.27-4.30 (m, 1H), 4.17-4.21 (m, 2H), 4.03-4.06 (m, 2H), 3.58 (d, J=10.6 Hz, 3H), 1.45 (d, J=6.2 Hz, 6H). 
     EXAMPLE 7 
     Compound 4 
     3-{2-chloro-4-[5-(3-cyano-4-isopropoxyphenyl)-1,2,4-oxadiazol-3-yl]phenoxy}-2-hydroxypropyl dihydrogen phosphate 
     
       
                 
         
             
             
         
      
     
     To a solution of Compound 2 (153 mg, 0.28 mmol) in dichloromethane (10 mL) at 0° C. was added iodotrimethylsilane (0.18 mL, 1.28 mmol) dropwise. After warming with stirring to 20° C. over 2 h and continued stirring at RT for 1 h, the reaction mixture was concentrated and purified by MPLC (gradient 6:1 chloroform/methanol to 6:3 chloroform/methanol to afford 109 mg of Compound 4 as a brown solid. 
       1 H NMR (CD 3 OD) δ: 8.43 (d, J=2.1 Hz, 1H), 8.38 (dd, J=9.1, 2.3 Hz, 1H), 8.13 (d, J=2.3 Hz, 1H), 7.99 (dd, J=8.7, 2.2 Hz, 1H), 7.39 (dd, J=8.9, 6.0 Hz, 2H), 4.95 (dt, J=12.1, 6.1 Hz, 1H), 4.36 (dd, J=9.7, 4.1 Hz, 1H), 4.25-4.28 (m, 1H), 4.21-4.24 (m, 1H), 4.09-4.12 (m, 2H), 1.45 (d, J=6.2 Hz, 6H). 
     Biological Data 
     Compounds were synthesized and tested for S1P1 activity using the GTP γ 35 S binding assay. These compounds may be assessed for their ability to activate or block activation of the human S1P1 receptor in cells stably expressing the S1P1 receptor. 
     GTP γ 35 S binding was measured in the medium containing (mM) HEPES 25, pH 7.4, MgCl 2  10, NaCl 100, dithitothreitol 0.5, digitonin 0.003%, 0.2 nM GTP γ 35 S, and 5 μg membrane protein in a volume of 150 μl. Test compounds were included in the concentration range from 0.08 to 5,000 nM unless indicated otherwise. Membranes were incubated with 100 μM 5′-adenylylimmidodiphosphate for 30 min, and subsequently with 10 μM GDP for 10 min on ice. Drug solutions and membrane were mixed, and then reactions were initiated by adding GTP γ 35 S and continued for 30 min at 25° C. Reaction mixtures were filtered over Whatman GF/B filters under vacuum, and washed three times with 3 mL of ice-cold buffer (HEPES 25, pH 7.4, MgCl 2  10 and NaCl 100). Filters were dried and mixed with scintillant, and counted for  35 S activity using a β-counter. Agonist-induced GTP γ 35 S binding was obtained by subtracting that in the absence of agonist. Binding data were analyzed using a non-linear regression method. In case of antagonist assay, the reaction mixture contained 10 nM S1P1 in the presence of test antagonist at concentrations ranging from 0.08 to 5000 nM. 
     Table 1 shows activity potency: S1P1 receptor from GTP γ 35 S: nM, (EC 50 ) 
                                   TABLE 1                   S1P1       IUPAC name   EC 50  (nM)                                5-{3-[3-chloro-4-(2,3-dihydroxypropoxy)phenyl]-1,2,4-   10.25       oxadiazol-5-yl}-2-isopropoxybenzonitrile           3-{2-chloro-4-[5-(3-cyano-4-isopropoxyphenyl)-1,2,4-   2.88       oxadiazol-3-yl]phenoxy}-2-hydroxypropyl dimethyl           phosphate           3-{2-chloro-4-[5-(3-cyano-4-isopropoxyphenyl)-1,2,4-   20.44       oxadiazol-3-yl]phenoxy}-2-hydroxypropyl methyl            hydrogen phosphate           3-{2-chloro-4-[5-(3-cyano-4-isopropoxyphenyl)-1,2,4-   4579       oxadiazol-3-yl]phenoxy}-2-hydroxypropyl dihydrogen           phosphate                    
Lymphopenia Assay in Mice
 
     Compound 1, 5-{3-[3-chloro-4-(2,3-dihydroxypropoxy)phenyl]-1,2,4-oxadiazol-5-yl}-2-isopropoxybenzonitrile, was prepared in a solution containing 3% (w/v) 2-hydroxy propyl β-cyclodextrin (HPBCD) and 1% DMSO to a final concentration of 1 mg/ml, and subcutaneously injected to female C57BL6 mice (CHARLES RIVERS) weighing 20-25 g at the dose of 10 mg/Kg. Blood samples were obtained by puncturing the submandibular skin with a Goldenrod animal lancet at 24, 48, 72, and 96 hrs post drug application. Blood was collected into microvettes (SARSTEDT) containing EDTA tripotassium salt. Lymphocytes in blood samples were counted using a HEMAVET Multispecies Hematology System, HEMAVET HV950FS (Drew Scientific Inc.). (Hale, J. et al Bioorg. &amp; Med. Chem. Lett. 14 (2004) 3351).The results are presented in  FIG. 1 : the number of lymphocytes in the blood was reduced by Compound 1 after 96 h of drug application.