6-oxazol-4-ylmetholmethoxy-alko-alkoxymethyl substituted benzoic acid derivatives forming peroxisome proliferator—activated receptor (PPAR) ligands, process for their preparation and methods of use thereof

A compound of formula I

• wherein:
• R1 is selected from the group consisting of H, (C1-C6)-alkyl, O—(C1-C2)-alkyl, (C1-C6)-alkylmercapto, trifluoromethoxy, trifluoromethylmercapto, F, CF3, phenyl and phenoxy;
• R2 is selected from the group consisting of H, O—(C1-C3)-alkyl, (C1-C3)-alkyl, CF3 and trifluoromethoxy;
• or
• R1 and R2 are fused together with the phenyl ring to form a naphthyl;
• R3 is selected from the group consisting of (C1-C6)-alkyl, phenyl, and cyclohexyl;
• R4 and R5 independently are H or CH3, provided that when one of R4 and R5 is CH3, m then must be 1;
• R6 is selected from the group consisting of H and (C1-C6)-alkyl;
• X is CH, if n=1, or S if n=0;
• n is 0 or 1;
• and
• m is 1 or 2;
• or a pharmaceutically acceptable salt thereof.