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Scinai Immunotherapeutics Ltd. American Depositary Shares - SCNI STOCK NEWS

Welcome to our dedicated page for Scinai Immunotherapeutics Ltd. American Depositary Shares news (Ticker: SCNI), a resource for investors and traders seeking the latest updates and insights on Scinai Immunotherapeutics Ltd. American Depositary Shares stock.

Scinai Immunotherapeutics Ltd. (Nasdaq: SCNI) is a forward-thinking biopharmaceutical company specializing in the development of inflammation and immunology (I&I) biological therapeutic products and the provision of boutique Contract Development and Manufacturing Organization (CDMO) services. The company operates two complementary business units: one focused on in-house development of a groundbreaking pipeline of nanosized VHH antibodies (NanoAbs), and the other offering comprehensive CDMO services aimed at helping biotech firms bring their products to market efficiently.

Scinai's proprietary NanoAb technology targets diseases with substantial unmet medical needs. Its flagship product is an intradermal NanoAb targeting IL-17 for treating mild to moderate plaque psoriasis. Recent successful preclinical trials have shown promising results, positioning Scinai for first-in-human clinical trials in mid-2025. Additionally, the company is developing NanoAbs for other autoimmune diseases like asthma, atopic dermatitis, and wet AMD, under exclusive licenses from renowned institutions such as the Max Planck Society and University Medical Center Göttingen.

On the CDMO front, Scinai Bioservices offers end-to-end solutions, including drug development, analytical methods development, clinical cGMP manufacturing, and trial design for early-stage biotech companies. The company’s state-of-the-art GMP facility in Jerusalem is equipped to handle a wide array of biopharmaceutical needs, from preclinical to clinical trial stages.

Scinai's financial condition is robust, supported by strategic partnerships and significant capital infusions, including a non-dilutive grant from the Israel Innovation Authority. The company has also recently secured high-profile CDMO contracts, including a five-year agreement with Ayana Pharma Ltd., expected to generate substantial revenue.

Recent achievements include successful preclinical trials for its COVID-19 NanoAb therapy, which demonstrated remarkable prophylactic and therapeutic potential. Scinai is actively seeking partnerships to advance these NanoAbs through clinical trials.

The company is led by a team of seasoned professionals with extensive experience in pharmaceutical development and commercialization. Scinai's commitment to innovation, coupled with its strategic focus on unmet medical needs and robust CDMO services, positions it as a significant player in the biopharmaceutical industry.

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Scinai Immunotherapeutics (Nasdaq: SCNI) has received a delisting notification from Nasdaq due to non-compliance with the minimum $1.00 bid price requirement. The company is appealing the determination and has approved a ratio change of its ADSs to non-traded ordinary shares, equivalent to a reverse split, to regain compliance. No action is required by the ADS holders for the ratio change, which is expected to be effective on May 21, 2024.

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Scinai Immunotherapeutics announces Chief Science Officer and University Medical Center Göttingen's Director to present at the 5th Dermatology Drug Development Summit Europe on the use of NanoAbs for plaque psoriasis treatment. Scinai's Anti-IL-17A/F NanoAbs show promising results in preclinical studies and are expected to address unmet needs in psoriasis treatment.
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Scinai Immunotherapeutics (SCNI) announced a five-year Master Service Agreement with Ayana Pharma for drug development and manufacturing services. The agreement is expected to generate at least $1.8 million in revenues over the next five years. Ayana's COO praised Scinai's expertise and facilities, while Scinai's COO highlighted the strategic importance of the contract in the company's growth.
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Scinai Immunotherapeutics Ltd. (SCNI) will be showcasing its cGMP biologics CDMO services and innovative NanoAb pipeline at the BIO-Europe Spring 2024 conference in Barcelona. The company aims to attract prospective clients for its CDMO services, pharma partners for its NanoAb in dermatology, and investors interested in SCNI's value proposition.
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Scinai Immunotherapeutics Ltd. (SCNI) will be attending the MIXiii International Life Science and Health-tech Conference in Jerusalem and the Bio Europe Spring conference in Barcelona. The company aims to engage with potential clients, industry partners, and investors to showcase its end-to-end biologics CDMO services and NanoAb pipeline. CEO Amir Reichman discussed Scinai's activities on the Xtalks Life Science Podcast.
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Scinai Immunotherapeutics Ltd. announces the appointment of Liat Halpert as Head of Business Development and Sales, aiming to expand its CDMO services and advance its NanoAb therapeutics pipeline for I&I diseases. Halpert brings vast pharmaceutical sales and marketing experience from Novartis, targeting European and US-based biotech companies for growth.
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Scinai Immunotherapeutics Ltd. congratulates Professor Dr. Dirk Görlich on being awarded the 2024 Louis-Jeantet Prize for his groundbreaking work in biomedicine. The prize, valued at CHF 500,000 (US$ 576,000), recognizes Görlich's discovery of nanosized VHH antibodies and their potential in treating inflammation and immunology (I&I) biological therapeutic diseases. The recent ex-vivo study indicated the potential of Scinai's anti-IL-17 NanoAb to treat plaque psoriasis, while earlier in-vivo studies showed promise in treating infectious viral respiratory disease. Görlich's other scientific awards include the Heinz Maier-Leibnitz Prize, the EMBO Gold Medal, the Alfried Krupp Prize, the WLA Prize 2022, and the Animal Welfare Research Prize of the German Federal Ministry of Food and Agriculture.
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Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI) announced the closing of its exercise of outstanding warrants, resulting in approximately $1.69 million in gross proceeds. The company intends to utilize the net proceeds for general working capital, research and development, and general corporate purposes.
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Scinai Immunotherapeutics Ltd. (SCNI) CEO, Amir Reichman, publishes letter highlighting 2023 accomplishments and successful preclinical trial results for its anti-IL-17 NanoAb psoriasis therapy.
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Scinai Immunotherapeutics Ltd. (Nasdaq: SCNI) announced the immediate exercise of certain outstanding warrants to purchase up to 2,606,552 American Depositary Shares (ADSs) at a reduced exercise price of $0.65 per ADS. The closing of the offering is expected to occur soon.
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FAQ

What is the current stock price of Scinai Immunotherapeutics Ltd. American Depositary Shares (SCNI)?

The current stock price of Scinai Immunotherapeutics Ltd. American Depositary Shares (SCNI) is $3.4 as of December 20, 2024.

What is the market cap of Scinai Immunotherapeutics Ltd. American Depositary Shares (SCNI)?

The market cap of Scinai Immunotherapeutics Ltd. American Depositary Shares (SCNI) is approximately 2.9M.

What does Scinai Immunotherapeutics Ltd. specialize in?

Scinai Immunotherapeutics Ltd. specializes in the development of inflammation and immunology (I&I) biological therapeutic products and provides boutique CDMO services.

What are NanoAbs?

NanoAbs are nanosized VHH antibodies that Scinai is developing to target diseases with large unmet medical needs, such as plaque psoriasis, asthma, and atopic dermatitis.

What recent achievements has Scinai accomplished?

Recent achievements include successful preclinical trials for its anti-IL-17 NanoAb for psoriasis and COVID-19 NanoAb therapy, securing significant CDMO contracts, and receiving a non-dilutive grant from the Israel Innovation Authority.

What CDMO services does Scinai Bioservices provide?

Scinai Bioservices provides end-to-end CDMO services, including drug development, analytical methods development, clinical cGMP manufacturing, and trial design for early-stage biotech companies.

Where is Scinai Immunotherapeutics Ltd. headquartered?

Scinai Immunotherapeutics Ltd. is headquartered in Jerusalem, Israel.

What are Scinai's strategic partnerships?

Scinai has strategic partnerships with institutions like the Max Planck Society and University Medical Center Göttingen, and it recently signed a five-year CDMO contract with Ayana Pharma Ltd.

What financial support has Scinai received recently?

Scinai received a $1.69 million capital infusion from warrant exercises in January 2024 and a non-dilutive grant reimbursing 66% of the costs for establishing its CDMO service unit.

What are Scinai's future plans for its NanoAb pipeline?

Scinai plans to initiate human clinical trials for its anti-IL-17 NanoAb in mid-2025 and is pursuing pre-clinical toxicology studies to support this goal. They are also exploring NanoAbs for other autoimmune diseases.

How does Scinai aim to grow its CDMO business?

Scinai aims to grow its CDMO business by securing contracts with biotech companies, expanding its service offerings, and participating in major pharmaceutical conferences to attract new clients.

Who leads Scinai Immunotherapeutics Ltd.?

Scinai Immunotherapeutics Ltd. is led by CEO Amir Reichman and a team of experienced professionals in pharmaceutical development and commercialization.

Scinai Immunotherapeutics Ltd. American Depositary Shares

Nasdaq:SCNI

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2.90M
745.27k
12.63%
2.36%
0.21%
Biotechnology
Biological Products, (no Disgnostic Substances)
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United States of America
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