Patent Publication Number: US-2022226443-A1

Title: Compositions and methods for treating retinopathy

Description:
REPLATED APPLICATION 
     This application claims the benefit of priority of U.S. Provisional Patent Application No. 62/853,179 filed on May 28, 2019, the contents of which are incorporated herein by reference in their entirety. 
    
    
     BACKGROUND 
     The present invention relates to a composition-of-matter for treating retinopathy. Embodiments of the present invention relate to a nanoemulsion including Insulin and/or IGF for treating retinopathy of prematurity (ROP). 
     Birth is considered premature, or preterm, when it occurs before the 37th week of pregnancy. The final weeks in the womb are crucial for healthy weight gain and for the full development of various vital organs. 
     In humans, the retina develops in-utero where tissue oxygen is low. Vascular precursor cells are laid from 12 to 21 weeks gestational age creating a scaffold for future vessel development. Retinal angiogenesis begins at approximately 16 weeks gestational age, with new vessels budding from existing vessels. The metabolic demands of the developing retina exceed the oxygen supplied by the choroidal circulation resulting in “physiologic hypoxia,” that stimulates angiogenesis. 
     Retinopathy of prematurity (ROP) is a developmental vascular disorder characterized by abnormal growth of retinal blood vessels in the incompletely vascularized retina. ROP mostly occurs in extremely low gestational age neonates (ELGANs) who are 1250 g, or under 28 weeks gestation at birth and is the most common cause of visual impairment and blindness in children. 
     Current treatment options including laser photocoagulation and intravitreal injection of vascular endothelial growth factor (VEGF) antibodies have proven to be useful in severe late ROP. However, laser photocoagulation destroys major parts of the retina and is a difficult and complicated procedure to perform in young infants while intravitreal injection of VEGF antibodies may cause a systemic suppression of vascular growth affecting other organs. 
     There is thus a need for, and it would be highly advantageous to have a retinopathy treatment approach devoid of the above limitations. 
     SUMMARY 
     According to one aspect of the present invention there is provided a pharmaceutical composition comprising insulin, Docosahexaenoic acid (DHA) and coenzyme Q10. 
     According to another aspect of the present invention there is provided a method of treating retinopathy in preterm infants comprising administering a pharmaceutical composition including insulin, Docosahexaenoic acid (DHA) and coenzyme Q10 to an eye of a preterm infant thereby treating retinopathy in preterm infants. 
     According to another aspect of the present invention there is provided a method of preventing or reducing severity of retinopathy in preterm infants comprising administering a pharmaceutical composition including insulin, Docosahexaenoic acid (DHA) and coenzyme Q10 to an eye of a preterm infant thereby preventing or reducing severity of retinopathy in preterm infants. 
     According to another aspect of the present invention there is provided a method of reducing retinal hemorrhages in preterm infants comprising administering a pharmaceutical composition including insulin, Docosahexaenoic acid (DHA) and coenzyme Q10 to an eye of a preterm infant thereby reducing retinal hemorrhages in preterm infants. 
     According to another aspect of the present invention there is provided a method of reducing retinal hemorrhages in subjects experiencing retinopathy comprising administering a pharmaceutical composition including insulin, Docosahexaenoic acid (DHA) and coenzyme Q10 to an eye of a subject thereby reducing retinal hemorrhages in subject eye. 
     According to another aspect of the present invention there is provided a method of reducing retinal neovascularization in subjects experiencing retinopathy comprising administering a pharmaceutical composition including insulin, Docosahexaenoic acid (DHA) and coenzyme Q10 to an eye of a subject thereby reducing retinal neovascularization in subject eye 
     According to another aspect of the present invention there is provided a method of increasing retinal vascular coverage in preterm infants comprising administering a pharmaceutical composition including insulin, Docosahexaenoic acid (DHA) and coenzyme Q10 to an eye of a preterm infant thereby increasing retinal vascular coverage in preterm infants (reducing avascular retinal areas). 
     According to another aspect of the present invention there is provided a method of reducing retinal inflammation in preterm infants comprising administering a pharmaceutical composition including insulin, Docosahexaenoic acid (DHA) and coenzyme Q10 to an eye of a preterm infant thereby reducing retinal inflammation in preterm infants. 
     According to another aspect of the present invention there is provided a method of reducing retinal oxidative stress in preterm infants comprising administering a pharmaceutical composition including insulin, Docosahexaenoic acid (DHA) and coenzyme Q10 to an eye of a preterm infant thereby reducing retinal oxidative stress in preterm infants. 
     According to another aspect of the present invention there is provided a method of improving retinal layer development in preterm infants comprising administering a pharmaceutical composition including insulin, Docosahexaenoic acid (DHA) and coenzyme Q10 to an eye of a preterm infant thereby improving retinal layer development in preterm infants. 
     According to another aspect of the present invention there is provided a method of reducing vision impairment (incidence or severity) in preterm infants comprising administering a pharmaceutical composition including insulin, Docosahexaenoic acid (DHA) and coenzyme Q10 to an eye of a preterm infant thereby reducing vision impairment in preterm infants. 
     According to another aspect of the present invention there is provided a method of increasing visual field in preterm infants comprising administering a pharmaceutical composition including insulin, Docosahexaenoic acid (DHA) and coenzyme Q10 to an eye of a preterm infant thereby increasing visual field in preterm infants. 
     According to another aspect of the present invention there is provided a method of formulating a pharmaceutical composition for topical treatment of retinopathy comprising: (a) generating an oil-in-water nanoemulsion including Docosahexaenoic acid (DHA) and Coenzyme Q10 in the oil phase; and (b) conjugating Insulin or IGF-1 to nanodroplets of the nanoemulsion using an amine coupling reaction. 
     Unless otherwise defined, all technical and scientific terms used herein have the same meaning as commonly understood by one of ordinary skill in the art to which this invention belongs. Although methods and materials similar or equivalent to those described herein can be used in the practice or testing of the present invention, suitable methods and materials are described below. In case of conflict, the patent specification, including definitions, will control. In addition, the materials, methods, and examples are illustrative only and not intended to be limiting. 
    
    
     
       BRIEF DESCRIPTION OF THE SEVERAL VIEWS OF THE DRAWINGS 
       The invention is herein described, by way of example only, with reference to the accompanying drawings. With specific reference now to the drawings in detail, it is stressed that the particulars shown are by way of example and for purposes of illustrative discussion of the preferred embodiments of the present invention only, and are presented in the cause of providing what is believed to be the most useful and readily understood description of the principles and conceptual aspects of the invention. In this regard, no attempt is made to show structural details of the invention in more detail than is necessary for a fundamental understanding of the invention, the description taken with the drawings making apparent to those skilled in the art how the several forms of the invention may be embodied in practice. 
       In the drawings: 
         FIG. 1  schematically illustrates the present composition. 
         FIGS. 2A-B  are graphs of in-vivo fundoscopy results representing total retinal hemorrhages ( FIG. 2A ) and total severe hemorrhages ( FIG. 2B ). 
         FIGS. 3A-C  are images of in Vivo fundoscopy results of normoxia animals ( FIG. 3A ), untreated hypoxic animals ( FIG. 3B ) and treated animals ( FIG. 3C ). 
         FIGS. 4A-B  are graphs showing the effect of treatment on Neovascularization at days 14 and 18. 
         FIGS. 5A-D  illustrate Isolectin-B4 staining of P14 for the insulin treated group ( FIG. 5A ), the IGF-1 treated group ( FIG. 5B ), the untreated group ( FIG. 5C ) and the normoxia (healthy) animals ( FIG. 5D ). 
         FIGS. 6A-B  are graphs showing the avascular area of the insulin treated, IGF-1 treated, untreated and normoxia groups. 
         FIGS. 7A-D  are images showing isolectin-B4 staining of P14, for the insulin ( FIG. 7 ), IGF-1 ( FIG. 7B ), untreated ( FIG. 7C ) and normoxia ( FIG. 7D ) groups. ROI (green), vessels covered area (blue), vessels skeleton (red) and branching points (white) are marked. 
         FIG. 8  is a chromatogram of the coupling reaction at certain time point with all reaction constituents, e.g. reactants (rh-Insulin and DHA), an intermediate (DHA-EDC intermediate) and resulting product (Insulin-DHA conjugate). 
         FIG. 9  is a chromatogram of Insulin-DHA conjugate extracted from the lyophilized emulsion (finished product formulation). 
         FIG. 10  is a chromatogram showing the peaks of the constituents of the lyophilized emulsion (finished product formulation). 
         FIGS. 11A-C  are graphs illustrating the results of the automated analysis of H&amp;E retinal layers thickness using Wimretina software ( FIG. 11A ), the results of biomarker PGE2 levels analysis performed in the study, comparing the different study groups ( FIG. 11B ) and the results of biomarker 8-iso-PGF2a levels analysis performed in the study, comparing the different study groups ( FIG. 11C ). 
         FIGS. 12-13  are chromatograms showing the peaks of the constituents of the formulation containing free Insulin, DHA and Coenzyme Q10. 
         FIGS. 14A-E  and  15 A-E are cryo transmitting electron micrographs (TEM) of the composition of the present invention. 
     
    
    
     DETAILED DESCRIPTION 
     The present invention is of a composition-of-matter which can be used to treat retinopathy. Specifically, the present invention can be used to treat ROP via local administration of nanoemulsion including Insulin or IGF. 
     The principles and operation of the present invention may be better understood with reference to the drawings and accompanying descriptions. 
     Before explaining at least one embodiment of the invention in detail, it is to be understood that the invention is not limited in its application to the details set forth in the following description or exemplified by the Examples. The invention is capable of other embodiments or of being practiced or carried out in various ways. Also, it is to be understood that the phraseology and terminology employed herein is for the purpose of description and should not be regarded as limiting. 
     Although treatment options for ROP exist, such options are limited by complexity of administration, side effects and possible damage to eye tissue. 
     The present inventor postulated that effective treatment of ROP should prevent the toxic post-birth influences (e.g., oxygen excess) and provide missing intrauterine factors (insulin and insulin growth factor 1) that can promote physiological vasculature development while minimizing systemic exposure to these factors. 
     While reducing the present invention to practice, the present inventor formulated compositions that can promote physiological eye vasculature development and reduce intraocular toxicity thereby enabling treatment of retinal disorders such as retinopathy. As is further described in the Examples section that follows, the present compositions were effective in stimulating healthy vessel growth and preventing and reducing retinal hemorrhages and pathological blood vessel growth (neovascularization) caused by the Oxygen-Induced model in a rat. 
     The phrase “promoting physiological vascular development” refers to increasing the flow or passage of oxygen from the optic nerve to the periphery of the eye. 
     The term “retinopathy” refers to any damage to the retina which may cause vision impairment. This can include, for example, a pathology that slows or stops the growth of physiological vasculature (vaso-obliterative or constrictive stage, e.g., phase I of ROP) and the abnormal (aberrant) pathological blood vessels that are formed in response to tissue hypoxia and ischemia. Retinopathy can be a result of external factors such as radiation or head trauma or a manifestation of a systemic disease such as diabetes or hypertension. Retinopathy can also be caused by vascular inflammation and medications (e.g., diabetes medications such as Exenatide, Liraglutide, and Pramlintide). 
     Thus, according to one aspect of the present invention there is provided a composition-of-matter including a therapeutically effective amount of insulin and/or IGF-1, Docosahexaenoic acid (DHA) and coenzyme Q10 as active ingredients. 
     As is further described herein the insulin and/or IGF-1 promote promoting physiological vascular development while the DHA reduces the inflammatory response and coenzyme Q10 reduces the oxidative stress signaling. 
     The term “therapeutically effective amount” or “pharmaceutically effective amount” denotes that dose of an active ingredient or a composition comprising the active ingredient that will provide the therapeutic effect for which the active ingredient is indicated. 
     The dose of each active ingredient in the present pharmaceutical composition can depend on many factors including the subject being treated, the stage of retinopathy (e.g., ROP) and the route of administration (topical or intraocular). 
     In the case of ROP, progression can be determined via somatic effects (e.g., vessel density and coverage), extent and/or progression of vascularization or quality of retinal layers development. 
     The composition-of-matter can be formulated as a water-in-oil nanoemulsion having nanodroplets that include the Docosahexaenoic acid (DHA) and coenzyme Q10 and are conjugated to insulin and/or IGF (via, for example, an amide bond).  FIG. 1  is a schematic illustration of the present composition-of-matter showing nanodroplets conjugated to Insulin or IGF 12 and containing DHA 12 and coenzyme Q10 14. 
     The Examples section that follows describes one approach for formulating the present composition-of-matter. 
     The composition-of-matter can be stored in a lyophilized state and reconstituted with water or saline for example for use or stored as a ready for use pharmaceutical composition. 
     The composition-of-matter can be a part of a pharmaceutical composition that includes a carrier formulated for topical or intra-ocular delivery. 
     Topical formulations of the present pharmaceutical composition can include a carrier such as Medium-chain triglycerides (MCT), long-chain triglycerides oils such as castor oil, synthetic and semi-synthetic oils such as Mineral Oil and unsaturated fatty acids such as oleic acid. 
     Intra-ocular formulations of the present pharmaceutical composition can formulated as a microemulsion and/or include a carrier such as liposomes, nanospheres, micelles and nanocapsules. 
     Intraocular formulation can be formulated for slow or delayed release of the active ingredients using excipients which form inclusion complexes with active ingredients such as chelating agents, surfactants, and cyclodextrins. 
     The pharmaceutical composition can also include: 
     (i) Carbohydrates (as stabilizers, lubricants, or cryoprotectants) including, but not limited to monosaccharides (e.g. glucose, maltose), disaccharides (e.g. trehalose), oligosaccharides (dextrins (e.g. Maltodextrin), cyclodextrins (e.g. Hydroxypropyl-beta-cyclodextrin (HPbCD), polysaccharides (e.g. dextran). 
     (ii) Emulsifiers including, but not limited to nonionic surfactants of natural origin (e.g. lecithin, egg yolk phospholipids) and synthetic origin (e.g. Tyloxapol) and ionic surfactants (e.g. cetalkonium chloride). 
     (iii) Thickening agents including, but not limited to hydrophilic polymers (e.g. Polyvinyl alcohol) or cellulose derivatives (e.g. hydroxy propyl methyl cellulose (HPMC). 
     (iv) A bioadhesive such as polyaminoacids (e.g., gelatin, human albumin) and polysaccharides such as cellulose derivatives (e.g. hydroxy propyl methyl cellulose (HPMC) and hydroxypropyl cellulose (HPC), hyaluronic acids 
     (v) Gelling agent such as alginate and poly acrylates, can be added to the pharmaceutical composition to increase the residence time of the active ingredients on the cornea. 
     According to embodiments of the present invention, the concentration of insulin in the pharmaceutical composition can be 0.001 U to 20 U per ml while the concentration of IGF can be 0.001 U to 20 U per ml. 
     According to embodiments of the present invention, the concentration of DHA in the pharmaceutical composition can be 1-4 mg/ml. 
     According to embodiments of the present invention, the concentration of coenzyme Q10 in the pharmaceutical composition can be 1-3 mg/ml. 
     Table 1 below describes a topical formulation of the present composition. 
     
       
         
           
               
             
               
                 TABLE 1 
               
             
            
               
                   
               
               
                 Topical Formulation 
               
            
           
           
               
               
            
               
                   
                 Quantity per vial 
               
            
           
           
               
               
               
            
               
                 Ingredient 
                 ELGN01 
                 ELGN02 
               
               
                   
               
            
           
           
               
               
               
               
            
               
                 Recombinant Human Insulin (rh-Insulin) 
                 0.067 
                 IU 
                 — 
               
            
           
           
               
               
               
               
            
               
                 Insulin-Like Growth Factor 1 (IGF-1) 
                 — 
                 2 
                 IU 
               
            
           
           
               
               
               
               
               
            
               
                 Cis-4,7,10,13,16,19- Docosahexaenoic 
                 2 
                 mg 
                 2 
                 mg 
               
               
                 acid (DHA) 
               
               
                 Coenzyme Q10 (CoQ10) 
                 1 
                 mg 
                 1 
                 mg 
               
               
                 Medium-chain triglycerides (MCT) 
                 1 
                 mg 
                 1 
                 mg 
               
               
                 Tyloxapol 
                 0.5 
                 mg 
                 0.5 
                 mg 
               
               
                 Lipoid E 80 
                 0.5 
                 mg 
                 0.5 
                 mg 
               
               
                 Polyvinyl alcohol (PVA) 
                 1 
                 mg 
                 1 
                 mg 
               
               
                 Hydroxypropyl-beta-cyclodextrin (HPbCD) 
                 2 
                 mg 
                 2 
                 mg 
               
               
                   
               
            
           
         
       
     
     The present formulation can be modified to be free of MCT and include DHA in two forms—as free acid and as ethyl ester. These two forms of DHA replaces MCT in the droplet core. Two separate emulsions are produced and combined at the last production step. One emulsion contains the droplets that include the DHA free acid to which Insulin is conjugated. The second emulsion contains droplets in which Q10 is incorporated to the DHA ethyl ester core. Table 2 below lists the ingredients of this embodiment of the present formulation in an injectable form. 
     
       
         
           
               
               
               
             
               
                 TABLE 2 
               
               
                   
               
               
                   
                   
                 Quantity per 
               
               
                 Ingredient 
                 Function 
                 1 ml 
               
               
                   
               
             
            
               
                 Recombinant Human Insulin (rh-Insulin) 
                 Active 
                 2 IU (0.07 mg) 
               
               
                   
                 ingredient 
               
            
           
           
               
               
               
               
            
               
                 Cis-4,7,10,13,16,19- Docosahexaenoic 
                 Excipient 
                 1.87 
                 mg 
               
               
                 acid* (DHA) 
               
               
                 Coenzyme Q10 (CoQ10) 
                 Excipient 
                 1.0 
                 mg 
               
               
                 Tyloxapol 
                 Surfactant 
                 0.5 
                 mg 
               
               
                 Lipoid E 80 
                 Surfactant 
                 0.5 
                 mg 
               
               
                 Polyvinyl alcohol (PVA) 
                 Surfactant 
                 1.0 
                 mg 
               
               
                 Hydroxypropyl-beta-cyclodextrin 
                 Stabilizing 
                 40 
                 mg 
               
               
                 (HPbCD) 
                 agent 
               
            
           
           
               
               
               
            
               
                 Sodium hydroxide*** 
                 adjustment 
                 — 
               
               
                   
                 pH value 
               
               
                 Hydrochloric acid** 
                 adjustment 
                 — 
               
               
                   
                 pH value 
               
               
                 Water for injection 
                 Solvent 
                 Up to 1 ml 
               
               
                   
               
               
                 *Contains about 0.4 mg/ml DHA free acid and about 1.6 mg/ml DHA ethyl ester (corresponds to 1.47 mg/ml DHA free acid) 
               
               
                 **Sodium hydroxide or hydrochloric acid are used for adjusting the pH value and not included in the sum. 
               
            
           
         
       
     
     An intraocular formulation of the present composition is described in Table 3 below. 
     
       
         
           
               
             
               
                 TABLE 3 
               
             
            
               
                   
               
               
                 Intraocular formulation 
               
            
           
           
               
               
            
               
                   
                 Quantity per vial 
               
               
                 Ingredient 
                 ELGN03 
               
               
                   
               
            
           
           
               
               
               
            
               
                 Recombinant Human Insulin (rh-Insulin) 
                 0.005-0.1 
                 IU 
               
               
                 Cis-4,7,10,13,16,19- Docosahexaenoic acid (DHA) 
                 0.2-0.5 
                 mg 
               
               
                 Coenzyme Q10 (CoQ10) 
                 0.1 
                 mg 
               
               
                 Medium-chain triglycerides (MCT) 
                 0.11 
                 mg 
               
               
                 Tyloxapol 
                 0.05 
                 mg 
               
               
                 Lipoid E 80 
                 0.05 
                 mg 
               
               
                 Polyvinyl alcohol (PVA) 
                 0.1 
                 mg 
               
               
                 Hydroxypropyl-beta-cyclodextrin (HPbCD) 
                 0.2 
                 mg 
               
               
                   
               
            
           
         
       
     
     In order to enhance the efficacy of the present composition, an approach for manufacturing a nanoemulsion having nanodroplets encapsulating the (DHA) and Coenzyme Q10 and conjugated to Insulin or IGF was developed. 
     Thus, according to another aspect of the present invention there is provided a method of formulating a pharmaceutical composition for topical treatment of retinopathy. The pharmaceutical composition is manufactured by generating an oil-in-water nanoemulsion including Docosahexaenoic acid (DHA) and Coenzyme Q10 in the oil phase and conjugating Insulin or IGF-1 to nanodroplets of the nanoemulsion using an amine coupling reaction. 
     Following nanoemulsion generation, the nanodroplets can be purified or concentrated using, but not limited to, column chromatography, tangential flow filtration (TFF), dialysis. Stabilizing agent such as, but not limited to, cyclodextrin, dextrin, mono- or disaccharide can be added. 
     The formulation can then be lyophilized for storage and subsequent reconstitution with saline or water prior to use. 
     The Examples section that follows provide a more detailed description of the present formulation approach. 
     As is mentioned hereinabove, the present composition can be used to treat retinopathy and in particular retinopathy of prematurity (ROP). 
     Thus, according to another aspect of the present invention there is provided a method of treating retinopathy in a subject in need such as a preterm infant. The method is effected by administering the pharmaceutical composition of the present invention to an eye of the subject in need. Such administration can be topical or intraocular. 
     As used herein the phrase “subject in need thereof” refers to a human or non-human mammal. The human or non-human mammal (cats, dogs, cattle, sheep, pigs, goats and equines) at any age (e.g., infant such as term or preterm infant, adult or old) or sex. A human subject can be a preterm infant born at a gestational age of 24 to 33 weeks. The human subject can also be a low birth weight infant weighing 500 to 1650 gm at birth. 
     A topical formulation (eyedrops) of the present composition can be administered to a preterm infant anytime between birth and 6 months of age once or several times daily over a period of 180 days at a dose of 10 micro liter to 100 microliter. An intraocular formulation of the present composition can be administered to a preterm infant anytime between birth and 6 months of age once every several weeks over a period of 180 days, as clinically needed at a dose of five to 30 micro liters per injection. 
     As used herein the term “about” refers to ±10%. 
     Additional objects, advantages, and novel features of the present invention will become apparent to one ordinarily skilled in the art upon examination of the following examples, which are not intended to be limiting. 
     EXAMPLES 
     Reference is now made to the following examples, which together with the above descriptions, illustrate the invention in a non-limiting fashion. 
     Example 1 
     Nanoemulsion Formulation 
     The following example demonstrates manufacturing of the present composition-of-matter formulated as a lyophilized powder suitable for reconstitution as an oil-in-water nanoemulsion. 
     Table 4 below lists the ingredients used in the manufacturing process of the composition-of-matter formulation. 
     
       
         
           
               
             
               
                 TABLE 4 
               
             
            
               
                   
               
               
                 formulation components 
               
            
           
           
               
               
            
               
                 Ingredient 
                 Function 
               
               
                   
               
               
                 Recombinant Human Insulin (rh-Insulin) 
                 Active substance 
               
               
                 Or 
               
               
                 Insulin-Like Growth Factor 1 (IGF-1) 1   
               
               
                 Cis-4,7,10,13,16,19- Docosahexaenoic 
                 Active substance 
               
               
                 acid (DHA) 
               
               
                 Coenzyme Q10 synthetic (Q10) 
                 Active substance 
               
               
                 Medium-chain triglycerides (MCT) 
                 Oil phase 
               
               
                 Tyloxapol 
                 Nonionic surfactant 
               
               
                 Lipoid E 80 
                 Amphiphilic surfactant 
               
               
                 Polyvinyl alcohol (PVA) 
                 Nonionic surfactant 
               
               
                 0.5N NaOH 1   
                 Reagent, pH 
               
               
                   
                 adjustment 
               
               
                 Water (DDW) 2   
                 Aqueous phase 
               
               
                 Acetone 2   
                 Solvent 
               
               
                 Ethanol 2   
                 Solvent 
               
               
                 1-ethyl-3-(3-dimethylaminopropyl)carbodiimide 
                 Coupling Reagent 
               
               
                 hydrochloride (EDC) 2, 3   
               
               
                 Phosphate buffered saline (PBS), pH 7.2 
                 Buffer 
               
               
                 Sodium carbonate buffer 
                 Reagent, pH 
               
               
                   
                 adjustment 
               
               
                 2-Hydroxypropyl-β-cyclodextrin (HPbCD) 
                 Stabilizer, 
               
               
                   
                 cryoprotectant 
               
               
                   
               
               
                   1 Example 1 describes certain manufacturing process of insulin-containing formulation. 
               
               
                   2 Removed during the process 
               
               
                   3 Crosslinking reagent used in amine coupling reaction and removed afterwards 
               
            
           
         
       
     
     Formulation of nanodroplets was achieved using solvent displacement method. 100 mg of DHA, 50 mg CoQ10, 25 mg Tyloxapol and 50 mg MCT were dissolved in 9 ml of Acetone and 25 mg of Lipoid E80 were dissolved in 1 ml of Ethanol. Resulting solutions were combined, mixed at 900 rpm for 30 minutes at room temperature and drop-added to 20 ml of PVA aqueous solution, 0.1% w/v, continuously stirred at 900 rpm for additional 15 minutes. Afterwards, the organic solvents were completely removed at room temperature under reduced pressure (50 mBar) using a laboratory rotary evaporator and the obtained emulsion was subjected to amine coupling reaction after preliminary pH adjustment to 7.4 with 0.5M NaOH. 
     1.3 μmol of EDC prepared in 0.5 ml phosphate buffered saline (pH 7.2) was added to the resulting emulsion, the mixture was incubated at room temperature for 15 minutes and then the pH was adjusted to 8.3±0.2 using a sodium carbonate buffer. 0.5 ml of 0.1 μmol/ml rh-Insulin solution in phosphate buffered saline (pH 7.2) was added to 19.5 ml of emulsion. The reaction mixture was set to stir for 12 hours at room temperature. Then, the reaction mixture was loaded onto a gravity-flow PD-10 gel filtration column (Sephadex G-25), using water as eluent, for separation of the nano-droplets from the smaller size particles (e.g. EDC, free active substance molecules). Excess of eluent (water) was removed from the nano-droplets fraction under reduced pressure (50 mBar) and 37° C. using a laboratory rotary evaporator. Then, the emulsion was mixed with 2-Hydroxypropyl-β-cyclodextrinto a final concentration 2% w/v, filtered through 0.45 μm PES (Polyethersulfone) membrane, dispensed to vials and lyophilized. Content of active components in 1 ml of the reconstituted solution was 0.67 U rh-Insulin, 2 mg DHA and 1 mg CoQ10. 
     Example 2 
     Study 1 
     An ophthalmic formulation (ELGN01 consisting of Insulin DHA and Coq10) of the composition-of-matter described in Example 1 was tested on oxygen-Induced Retinopathy model in rats. 
     Procedure 
     A single rat dam, with a litter of 18 pups was divided into two groups: Group A—ELGN01 (9), Group B—untreated (9, in the oxygen chamber without treatment). A single dam with 3 pups placed in normoxia conditions was used as an additional control. 
     Treatment was initiated at day 5-14 or 18 (according to sacrifice day), at first via administration under the eyelid with syringe (topical, not damaging the ocular surface) and then with ocular drops after eye opening. 
     The oxygen regimen was as follows: day 0-14 of life, 24-hours cycles of hyperoxia (50%), then Hypoxia (12%) for 24 hours. 
     The study of group 1 was terminated at day 14 (P14) of life and of group 2 at day 18 (P18) of life and a fundoscopy assessment was done at day 17 by an ophthalmologist, samples were then histologically and immune-histologically assessed. 
     Results 
     In-Vivo Fundoscopy Results 
     In the treated group, there was a total of 12 retinal hemorrhages observed, compared to 22 in the untreated group animals (Treatment ELGN01 significance p=0.04). 
     
       
         
           
               
             
               
                 TABLE 5 
               
             
            
               
                   
               
               
                 fundoscopy in-vivo results - retinal hemorrhages per group 
               
            
           
           
               
               
               
               
            
               
                   
                 Treatment- ELGN01 
                 Untreated 
                 Normoxia 
               
               
                   
                   
               
            
           
           
               
               
               
               
            
               
                 Number of all retinal hemorrhages 
                 12* 
                 22 
                 0 
               
               
                 Number of severe retinal hemorrhages (Medium-Large) 
                 1 
                 11 
                 0 
               
               
                 Average number of retinal hemorrhages per eye 
                   1.4 
                 2.75 
                 0 
               
               
                   
               
               
                 Data are mean ± SD; 
               
               
                 (†) p &lt; .1, 
               
               
                 *p &lt; 0.05, 
               
               
                 (**) p &lt; 0.01 by T-Test compared to control- untreated group. 
               
            
           
         
       
     
     Total retinal damage and total severe hemorrhages in the treated and untreated groups are shown in the graphs of  FIGS. 2A-B . 
       FIGS. 3A-C  are images of the retina of normoxia, hypoxia (treated and untreated). Normoxia animals present intact vessels in the retina, no hemorrhages or ablation. Untreated hypoxic animals present retinal bleedings (arrows). Treated animals show reduced damage. 
     Neovascular Area 
     The effect on neovascularization is presented in  FIGS. 4A-B . Neovascularization (NV) was higher at P18 and corresponded to end of phase II of human disease. P14 corresponded to end of phase I of disease (progression stage). In both time points the treatment group showed significantly less NV than untreated animals. In P14, ELGN01 Treatment group showed 0% neovascularization compared to 0.09% in the untreated group (T-Test comparison p=0.07). In P18, ELGN01 Treatment group showed 40% less neovascularization on average compared to the untreated group (Treatment ELGN01 1.35%, untreated 1.89%, T-test comparison p=0.07, a 28% treatment effect). 
     Retinal Layers 
     Whole eyes embedded in paraffin were sectioned and stained with haematoxylin &amp; eosin. Four sections from different locations were collected on one slide. H&amp;E stainings were imaged with light microscope with 10× objective (4× at some locations). 
     Representative stainings from the untreated OIR group show disorganization of retinal layers, thickening of the ganglion cell layer as a result of the OIR damage. A total of 8 samples were available per group—4 sections per eye, 2 eyes per treatment group (from different animals). 
     To assess retinal layers integrity, deidentified H&amp;E-stained images were uploaded into the Wimasis Software Image. Each retina was analyzed in a masked manner, identifying and measuring the size of each retinal layer—RGCL—retinal ganglion cell layer, IPL—inner plexiform layer, INL—inner nuclear layer, OPL—outer plexiform layer, ONL—outer nuclear layer, RPE—retinal pigment epithelium, CHO—choroid.  FIG. 11A  shows the mean thickness of the retinal layers. 
     
       
         
           
               
             
               
                 TABLE 6 
               
             
            
               
                   
               
               
                 Mean Thickness [px] of retinal layers 
               
            
           
           
               
               
               
               
               
               
               
            
               
                   
                 GCL 
                 IPL 
                 INL 
                 OPL 
                 ONL 
                 IS 
               
               
                   
                 Layer 
                 Layer 
                 Layer 
                 Layer 
                 Layer 
                 Layer 
               
               
                   
                 [1] 
                 [2] 
                 [3] 
                 [4] 
                 [5] 
                 [6] 
               
               
                   
                   
               
            
           
           
               
               
               
               
               
               
               
            
               
                 Treatment 
                 118.80 
                 180.23 
                 203.73 
                 32.02 
                 298.71 
                 103.95 
               
               
                 ELGN01 P18 
               
               
                 Untreated P18 
                 121.91 
                 128.10 
                 157.90 
                 21.33 
                 270.20 
                 90.71 
               
               
                 Normoxia P18 
                 137.04 
                 192.42 
                 203.61 
                 28.32 
                 298.38 
                 97.35 
               
               
                   
               
            
           
         
       
     
     Example 3 
     Study 2 
     Ophthalmic formulations based on the composition-of-matter described in Example 1 (ELGN01 consisting of Insulin DHA and Coq10, and ELGN02 consisting IGF-01 and same) were tested on oxygen-Induced Retinopathy model in rats. 
     Procedure 
     Two rat dams, each including 18 pups were divided into three treatment groups: Group A ELGN01 (12), Group B ELGN02(12), Group C untreated (12). Group D Normoxia was analyzed as control. 
     Treatment was initiated at day 5, animals were administered treatment until day 14 or day 18 (according to sacrifice day), at first under the eyelid with syringe (topical, not damaging the ocular surface), then with ocular drops after eye opening. 
     The oxygen regimen was as follows: In the first 4 days, 8 intermittent hypoxia events of 3 reductions to 12% during 30 minutes event and rest of time 50% hyperoxia were carried out. Day 5-14 of life, 24-hours cycles of hyperoxia (50%), then Hypoxia (12%) for 24 hours. 
     The study of Group 1 was terminated at day 14 of life and a fundoscopy assessment was done at day 17 by an ophthalmologist, samples were then histologically and immune-histologically assessed. 
     Results 
     Isolectin Staining 
     Samples were flat mounted and retinas were stained with Isolectin GS-IB4. Avascular areas (AVAs) were manually quantified by an independent expert using the images of Isolectin stained retinas 
       FIGS. 5A-D  illustrate staining of the insulin and IGF treated groups, the untreated group and the normoxia group. In the insulin and IGF-1 treated groups ( FIGS. 5A-B ) a minimal avascular area with complete central blood vessels is observed. In the untreated group ( FIG. 5C ) large avascular areas are observed (arrows). In the normoxia group ( FIG. 5D ) full coverage of the blood vessels is observed. 
       FIGS. 6A-B  are graphs representing AVA. In P14, both treatment groups demonstrated 50% reduction of AVA in treatment groups, compared to control (2.77% Treatment ELGN01, 3.15% Treatment ELGN02, 6.13% untreated percentage of avascular area). The normoxia group presented 1.4% of avascular area. When using T-Test to compare the treatment groups to untreated animals, Treatment—ELGN01 vs. untreated had a statistically significant difference (p=0.01), as well as Treatment—ELGN02 vs. untreated (p=0.03). 
     Each retina was analyzed in a masked manner for vascular density (%, calculated by dividing the number of pixels of the vessels by the total number of pixels of the region of interest), total vascular area, number of branching points (where two or more segments converge), number of segments (number of individual vessel segments), and mean segment length. 
     In P14, both treatment groups were superior to untreated animals in numerous characteristics; Treatment ELGN01 had significantly higher vessels density (%) compared to untreated (p=0.051), as well as Treatment ELGN02 (p=0.032) indicating better growth and development of the blood vessels in the retina, as well as less avascular areas. Treatment groups also showed larger vascular area compared to untreated group-treatment ELGN01 (p=0.073) and treatment ELGN02 (p=0.014). In addition, Treatment A—ELGN01 had significantly higher mean segment length (p=0.037) compared to untreated animals, indicating better continuity of the blood vessels. 
     
       
         
           
               
             
               
                 TABLE 7 
               
             
            
               
                   
               
               
                 quantitation of retinal vasculature at P14 
               
            
           
           
               
               
               
               
               
            
               
                   
                 Treatment - 
                 Treatment - 
                   
                   
               
               
                   
                 ELGN01 
                 ELGN02 
                 Untreated 
                 Normoxia 
               
               
                   
                   
               
            
           
           
               
               
               
               
               
            
               
                 Vessels density (%) 
                 57.04 ± 2.15† 
                  57.3 ± 1.5* 
                  54.1 ± 2.82 
                  65.47 ± 0.31 
               
               
                 Total vascular area 
                 3.826 ± 0.23† 
                 3.978 ± 0.2* 
                 3.571 ± 0.26 
                  4.28 ± 0.05 
               
               
                 (in 1,000,000 px 
               
               
                 units) 
               
               
                 Total Branching 
                 6065 ± 1039 
                 6958 ± 407 
                 6700 ± 555 
                 9710 ± 97 
               
               
                 Points 
               
               
                 No. Segments 
                 6464 ± 1134 
                 7398 ± 414 
                 7252 ± 619 
                 10,034 ± 111  
               
               
                   
               
               
                 Data are mean ± SD; 
               
               
                 †p &lt; .1, 
               
               
                 *p &lt; 0.05, 
               
               
                 (**) p &lt; 0.01 by T-Test compared to control- untreated group. 
               
               
                 N = 5 per group 
               
            
           
         
       
     
       FIGS. 7A-D  are images of isolectin-B4 staining of P14, per treatment group. ROI (green), vessels covered area (blue), vessels skeleton (red) and branching points (white) are marked. 
     As is outlined in Table 8 below, in P18 treatment ELGN1 had significantly higher vessels density (%) compared to untreated (p=0.007). Treatment ELGN02 showed a non-significant trend. Vessels density % reflects the amount of the retina that is vascularized compared to non-vascularized area. Higher vessels density without neovascularization indicates better growth and development of the blood vessels in the retina, as well as less avascular areas. Treatment groups also showed a trend for larger vascular area compared to untreated group. Treatment ELGN01 showed higher number of branching points compared to the untreated group (p=0.02). In addition, Treatment ELGN01 showed a larger amount of blood vessels compared to untreated group (p=0.04). 
     
       
         
           
               
             
               
                 TABLE 8 
               
             
            
               
                   
               
               
                 quantitation of retinal vasculature at P18 
               
            
           
           
               
               
               
               
               
            
               
                   
                 Treatment- 
                 Treatment - 
                   
                   
               
               
                   
                 ELGN01 
                 ELGN02 
                 Untreated 
                 Normoxia 
               
               
                   
                   
               
            
           
           
               
               
               
               
               
            
               
                 Vessels density (%) 
                  62.24 ± 1.15 ** 
                 60.38 ± 1.67 
                 59.46 ± 1.6  
                 65.83 ± 0.87 
               
               
                 Total vascular area 
                 4.44 ± 0.29  
                  4.41 ± 0.16 
                  4.26 ± 0.32 
                 4.91 ± 0.6 
               
               
                 (in 1,000,000 px 
               
               
                 units) 
               
               
                 Total Branching 
                 7898 ± 491 * 
                 7250 ± 438 
                 7023 ± 668 
                 8649 ± 242 
               
               
                 Points 
               
               
                 No. Segments 
                 8415 ± 458 * 
                 7741 ± 445 
                 7629 ± 732 
                 9044 ± 280 
               
               
                   
               
               
                 Data are mean ± SD; 
               
               
                 (†) p &lt; .1, 
               
               
                 * p &lt; 0.05, 
               
               
                 ** p &lt; 0.01 by T-Test compared to control- untreated group. 
               
               
                 N = 5 per group 
               
            
           
         
       
     
     Biomarker Activity 
     In P14 and P18, eyes were collected, homogenized and centrifuged, to compare the levels of different biomarkers in the tissue of the different study groups. Samples included 4 different rats per group, for each 3 samples were tested. The contents were normalized to total protein concentration in each sample. The analyzed biomarkers were 8-isoprostane, or 8-isoPGF2α, a commonly studied and abundantly generated in vivo during oxidative stress and lipid peroxidation, and is a reliable and proven biomarker for oxidative stress (Beharry 2017). Additionally, PGE2—a biomarker for inflammatory processes, which has dual opposing effects on endothelial cells was also measured ( FIG. 11B ). It mediates both vasoconstriction and vasodilation (through different receptors). PGE2 is the principle metabolite of the COX-2 isoform which is activated by cytokines and growth factors, and is highly involved in angiogenesis (Beharry 2017). 
     Results showed reduced 8-isoPGF2α levels in P14 and P18 compared to the untreated group, indicating a preventative effect on the oxidative stress damage, created by the animal model ( FIG. 11C ). The effect is seen both in the first and second stage of the disease (P14 and P18). Levels of PGE2 are higher in P14 in all groups compared to Normoxia, with the treatment groups showing a decrease in P18, in which the untreated group shows a significant increase, related to the inflammatory stage of the pathology ( FIG. 11B ). 
     Example 4 
     Study 3 
     An ophthalmic formulation (ELGN01 including Insulin, DHA and Coq10 (described in Example 1) was administered to newborn rats to determine the concentration of insulin in the eye following administration. 
     Procedure 
     Two rat dams with litters of 18 pups were divided into two groups: Group A—ELGN01 Normoxia group (18), Group B—ELGN01 Hypoxia group (18). A single dam with 2 pups placed under normoxia conditions was used a control. 
     Treatment was initiated at day 5 for 4 days by administering the composition (a dose of 10 μL that contained 0.0067 insulin units) under the eyelid using a syringe (topical). Rats were sacrificed at 30, 60, 120 minutes post administration (N=3 per T). Whole eyes were homogenized and assessed via ELISA (Quantikine® ELISA). 
     Results 
     The results shown in Table 9 below indicate that 8-16% of administered insulin was absorbed into ocular tissues within the first two hours. 
     
       
         
           
               
             
               
                 TABLE 9 
               
             
            
               
                   
               
               
                 Averages per time-point (±SDV) 
               
            
           
           
               
               
               
            
               
                   
                 Time 
                 Insulin concentration (Pmol/L) 
               
               
                   
                   
               
            
           
           
               
               
               
            
               
                   
                 30 
                 5.52 ± 2.05 
               
               
                   
                 60 
                 4.66 ± 0.92 
               
               
                   
                 120 
                 4.80 ± 1.15 
               
               
                   
                   
               
            
           
         
       
     
     Example 5 
     Nanoemulsion Formulations 
     The following example demonstrates an alternative approach for manufacturing the composition-of-matter of the present invention. 
     The instant invention discloses one-pot conjugation of insulin to oily nanodroplets directly in the course of formulation process. The conjugation is performed by one-step coupling of insulin to DHA carboxyl groups in an aqueous medium using crosslinking reagent N-(3-Dimethylaminopropyl)-N′-ethylcarbodiimide hydrochloride (EDC). 
     The process for making an insulin-DHA conjugate utilizes the following general steps: 
     Formation of nanodroplets using solvent displacement method 
     Activation of DHA carboxyl group with EDC by formation of an active O-acylisourea DHA-EDC ester. 
     Conjugation of insulin to the DHA carboxyl group by formation of amide bond with the primary amine groups of insulin accompanying by release of an EDC by-product as a soluble N-unsubstituted urea. 
     Purification of reaction mixture from EDC by-product using ultrafiltration through 30,000-100,000 MWCO membranes 
     Materials and Methods 
     Preparation of organic phase—347 mg DHA free acid, 75 mg Tyloxapol and 75 mg Lipoid E80 were dissolved in 25 ml Ethanol. The mixture was added dropwise through 21G needle to 100 ml of the double deionized water, continuously mixed at 350RPM at room temperature. Resulting emulsion was mixed for additional 10 minutes and afterwards the organic solvent was completely removed under reduced pressure using a laboratory rotary evaporator (40±2° C., 50 mBar). 
     The obtained emulsion was subjected to amine coupling reaction after preliminary pH adjustment to 4.5 with 0.1N HCl. 
     0.27 mmol of EDC dissolved in 1 ml water was added to the resulting emulsion, the mixture was incubated at room temperature for 40 minutes until formation of DHA-EDC intermediate ester is completed. 
     The pH of the reaction mixture was adjusted to 6.2 and 0.045 mmol of insulin dissolved in 50 ml water (pH 7.2) was added. The reaction was completed during 1 hour, pH 6.3-6.4 was maintained during the coupling. The reaction was monitored by HPLC (Dionex Ultimate 3000), the method conditions and chromatogram of the reaction mixture at time point 30 min are provided in  FIG. 8 . 
     Upon reaction completion, the mixture was diluted 1:2 with double deionized water and transferred through 100,000 MWCO Hydrosart ultrafiltration cassette (Sartorius) using peristaltic pump. 
     Content of insulin conjugate in 150 ml of the resulting retentate was 0.037 mmol, yield 82% calculated to insulin content. 
     Osmolarity of the emulsion was 301 mosm/kg. 
     A chromatogram of the coupling reaction mixture is presented in  FIG. 8 , the components and conditions are listed in Table 10 below. 
     
       
         
           
               
               
               
             
               
                   
                 TABLE 10 
               
               
                   
                   
               
               
                   
                 Method parameter 
                 Setting value 
               
               
                   
                   
               
             
            
               
                   
                 Column 
                 Thermo, Hypersil Gold-C18 column 
               
               
                   
                   
                 (3 × 50 mm, 3 μm) 
               
            
           
           
               
               
               
               
            
               
                   
                 Column temperature 
                 45° 
                 C. 
               
               
                   
                 Injection volume 
                 5 
                 μl 
               
               
                   
                 Flow rate 
                 1.0 
                 ml/min 
               
               
                   
                 UV detector 
                 208 
                 nm 
               
            
           
           
               
               
               
            
               
                   
                 Mobile Phase A 
                 1000 ml Water:1 ml TFA 
               
               
                   
                 Mobile Phase B 
                 750 ml Acetonitrile:150 ml 
               
               
                   
                   
                 Methanol:100 ml IPA:0.5 ml TFA 
               
               
                   
                 Gradient 
                 0-7.5 min 30% B to 100% B 
               
               
                   
                   
                 7.5-11.0 min 100% B 
               
               
                   
                   
               
            
           
         
       
     
     Another composition-of-matter formulated as a lyophilized powder suitable for reconstitution into an oil-in-water nanoemulsion was manufactured. Table 11 below lists the components used in the manufacturing process. 
     
       
         
           
               
               
             
               
                 TABLE 11 
               
               
                   
               
               
                 Ingredient 
                 Function 
               
               
                   
               
             
            
               
                 Recombinant Human Insulin (rh-Insulin) 
                 Active substance 
               
               
                 Cis-4,7,10,13,16,19- Docosahexaenoic acid 
                 Active substance 
               
               
                 (DHA), as free acid and as ethyl ester 
               
               
                 Coenzyme Q10 
                 Active substance 
               
               
                 Tyloxapol 
                 Nonionic surfactant 
               
               
                 Lipoid E 80 
                 Amphiphilic surfactant 
               
               
                 Polyvinyl alcohol (PVA) 
                 Nonionic surfactant 
               
               
                 0.1N NaOH 
                 Reagent, pH 
               
               
                   
                 adjustment 
               
               
                 0.1N HCl 
                 Reagent, pH 
               
               
                   
                 adjustment 
               
               
                 Water (DDW) 1   
                 Aqueous phase 
               
               
                 Ethanol 1   
                 Solvent 
               
               
                 Acetone 1   
                 Solvent 
               
               
                 1-ethyl-3-(3-dimethylaminopropyl)carbodiimide 
                 Reagent 
               
               
                 hydrochloride (EDC) 1, 2   
               
               
                 2-Hydroxypropyl-β-cyclodextrin (HPbCD) 
                 Stabilizer, 
               
               
                   
                 cryoprotectant 
               
               
                   
               
               
                   1 Removed during the process 
               
               
                   2 Crosslinking reagent used in amine coupling reaction and removed afterwards 
               
            
           
         
       
     
     The formulation process includes preparation of two separate emulsions: a first emulsion incorporates Coenzyme Q10 into the DHA nanodroplets and a second emulsion includes insulin conjugated to the DHA nanodroplets. The emulsions were prepared separately by displacement method and combined prior to the purification step. 
     Emulsion 1 
     300 mg of Coenzyme Q10, 525 mg of DHA ethyl ester, 125 mg Tyloxapol and 125 mg Lipoid E80 were dissolved in a mixture of 15 ml Acetone and 50 ml Ethanol. The mixture was added dropwise through 21G needle to 250 ml of 0.1% PVA aqueous solution continuously mixed at 350 RPM at room temperature. Resulting emulsion was mixed for additional 10 minutes and afterwards the organic solvents was completely removed under reduced pressure using a laboratory rotary evaporator (45±2° C., 50 mBar). 
     Emulsion 2 
     125 mg of DHA free acid, 25 mg Tyloxapol and 25 mg Lipoid E80 were dissolved in 12 ml Ethanol. The mixture was added dropwise through 21G needle to 50 ml of double deionized water continuously mixed at 350RPM at room temperature. Resulting emulsion was mixed for additional 10 minutes and afterwards the organic solvents was completely removed under reduced pressure using a laboratory rotary evaporator (40±2° C., 50 mBar). 
     The obtained emulsion was subjected to amine coupling reaction after preliminary pH adjustment to 4.5 with 0.1N HCl. 
     0.11 mmol of EDC dissolved in 1 ml water was added to the resulting emulsion, the mixture was incubated at room temperature for 1.25 hours until formation of DHA-EDC intermediate ester is completed. 
     pH the reaction mixture was adjusted to 6.2 and 0.015 mmol of insulin dissolved in 18 ml water (pH 4.2) was added. The reaction was completed during 1 hour, pH 6.2-6.4 was maintained during the coupling. The reaction was monitored by HPLC (Dionex Ultimate 3000), the method conditions and typical chromatogram of the reaction mixture are provided in  FIG. 8 . 
     Upon reaction completion, the mixture was combined with Emulsion #1 and then diluted 1:2 with 0.1% PVA aqueous solution (osmolarity &lt;5 mosm/kg) and transferred through 30,000 MWCO Hydrosart ultrafiltration cassette (Sartorius) using peristaltic pump, final volume of retentate was 250 ml (theoretical content of conjugated insulin was 0.06 μmol/ml). 
     4 g of HPBCD dissolved in 8 ml water was added to 80 ml of emulsion and the volume was adjusted to 100 ml. 
     The emulsion was filtered through the 0.22 μm PES membrane, filled into the glass vials, 4 ml (0.5 ml per vial) and lyophilized. Osmolarity of the finished bulk product was 376 mosm/kg. 
     Theoretical content of insulin conjugate per vial was 0.024 μmol/vial, observed content was 0.017 μmol/vial; yield of conjugated insulin was 72%. 
     Z-Average size of the liquid bulk and dry finished product were 119.9 nm (polydispersity index 0.137) and 243 nm (polydispersity index 0.342), respectively. 
     Content of conjugated insulin as well as DHA and Coenzyme Q10 the lyophilized powder are monitored by RP-HPLC. Chromatograms of the lyophilized finished product are shown in  FIG. 10 . Table 12 below provides chromatographic conditions used for testing of the lyophilized formulation. 
     
       
         
           
               
               
               
             
               
                   
                 TABLE 12 
               
               
                   
                   
               
               
                   
                 Method parameter 
                 Setting value 
               
               
                   
                   
               
             
            
               
                   
                 Column 
                 Thermo, Hypersil Gold-C18 column 
               
               
                   
                   
                 (3 × 50 mm, 3 μm) 
               
            
           
           
               
               
               
               
            
               
                   
                 Column temperature 
                 45° 
                 C. 
               
               
                   
                 Injection volume 
                 5 
                 μl 
               
               
                   
                 Flow rate 
                 1.0 
                 ml/min 
               
            
           
           
               
               
               
            
               
                   
                 UV detector 
                 208 nm for monitoring of 
               
               
                   
                   
                 conjugated insulin 
               
               
                   
                   
                 220 nm for monitoring of DHA 
               
               
                   
                   
                 and Coenzyme Q10 
               
               
                   
                 Mobile Phase A 
                 1000 ml Water:1 ml TFA 
               
               
                   
                 Mobile Phase B 
                 750 ml Acetonitrile:150 ml 
               
               
                   
                   
                 Methanol:100 ml IPA:0.5 ml TFA 
               
               
                   
                 Gradient 
                 0-3.0 min 30% B to 42% B 
               
               
                   
                   
                 3.0-8.5 min 42% B to 100% B 
               
               
                   
                   
                 8.5-12.5 min 100% B 
               
               
                   
                   
               
            
           
         
       
     
     Typical Cryo transmitting electron micrographs (TEM) of the drug product produced as described in Example 5 are demonstrated in  FIGS. 14A-E  and  15 A-E. 
     Example 6 
     GI Formulation 
     An oral emulsion for local treatment of intestinal malabsorption in preterm infants was manufactured. The formulation contains three active ingredients: rh-Insulin, DHA and Coenzyme Q10. In the reconstituted formulation, insulin exists as free protein, DHA and Coenzyme Q10 are incorporated to the oil droplets. 
     The formulation process included the following general steps: 
     Formation of DHA and Coenzyme Q10 emulsion using solvent displacement method 
     Addition of rh-Insulin and cryoprotectant 
     Filtration and lyophilization 
     Materials and Methods 
     513 mg of Coenzyme Q10, 898 mg of DHA ethyl ester, 175 mg Tyloxapol and 175 mg Lipoid E80 were dissolved in 80 ml Ethanol. The mixture was added dropwise through 21G needle to 350 ml of 0.1% PVA aqueous solution continuously mixed at 350RPM at room temperature. Resulting emulsion was mixed for additional 10 minutes and afterwards the organic solvents was completely removed under reduced pressure using a laboratory rotary evaporator (45±2° C., 50 mBar). 
     1 ml of Insulin solution in water (2.7 mg/ml, pH 8.5) was mixed with 14 ml of cryoprotectants solution containing 28.6 mg/ml HPBCD and 343 mg/ml Maltodextrin. The obtained solution was added to continuously mixed emulsion and mixed for 20 minutes. 
     The emulsion was filtered through 0.22 um PES membrane, filled into the glass vials, 4 ml (filling volume 0.5 ml/vial) and lyophilized. Osmolarity of the finished bulk product was 358 mosm/kg. Each vial contains 0.65 IU rh-Insulin, 0.9 mg DHA and 0.5 mg Coenzyme Q10. 
     Table 13 below lists the formulations components. Chromatograms of the lyophilized product are provided in  FIGS. 12 and 13 . 
     
       
         
           
               
               
               
             
               
                   
                 TABLE 13 
               
               
                   
                   
               
               
                   
                   
                 Quantity per 1 ml 
               
               
                   
                   
                 of reconstituted 
               
               
                   
                 Ingredient 
                 product 
               
               
                   
                   
               
             
            
               
                   
                 Recombinant Human Insulin (rh-Insulin) 
                 1.3 IU (0.045 mg) 
               
            
           
           
               
               
               
               
            
               
                   
                 Cis-4,7,10,13,16,19- Docosahexaenoic acid 
                 1.9 
                 mg 
               
               
                   
                 (DHA) 
               
               
                   
                 Coenzyme Q10 (CoQ10) 
                 1.1 
                 mg 
               
               
                   
                 Tyloxapol 
                 0.4 
                 mg 
               
               
                   
                 Lipoid E 80 
                 0.4 
                 mg 
               
               
                   
                 Polyvinyl alcohol (PVA) 
                 0.8 
                 mg 
               
               
                   
                 Hydroxypropyl-beta-cyclodextrin (HPbCD) 
                 6.7 
                 mg 
               
               
                   
                 Maltodextrin 
                 80.0 
                 mg 
               
            
           
           
               
               
               
            
               
                   
                 Sodium hydroxide* 
                 — 
               
               
                   
                 Hydrochloric acid* 
                 — 
               
               
                   
                 Water for injection 
                 Up to 1 ml 
               
               
                   
                   
               
               
                   
                 *Sodium hydroxide or hydrochloric acid are used for adjusting the pH value and not included in the sum. 
               
            
           
         
       
     
     It is appreciated that certain features of the invention, which are, for clarity, described in the context of separate embodiments, may also be provided in combination in a single embodiment. Conversely, various features of the invention, which are, for brevity, described in the context of a single embodiment, may also be provided separately or in any suitable subcombination. 
     Although the invention has been described in conjunction with specific embodiments thereof, it is evident that many alternatives, modifications and variations will be apparent to those skilled in the art. Accordingly, it is intended to embrace all such alternatives, modifications and variations that fall within the spirit and broad scope of the appended claims. 
     All publications, patents and patent applications mentioned in this specification are herein incorporated in their entirety by reference into the specification, to the same extent as if each individual publication, patent or patent application was specifically and individually indicated to be incorporated herein by reference. In addition, citation or identification of any reference in this application shall not be construed as an admission that such reference is available as prior art to the present invention. 
     In addition, any priority document(s) of this application is/are hereby incorporated herein by reference in its/their entirety.