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Scopus Biopharma Inc. (SCPS) is a biopharmaceutical company focused on developing novel therapeutic candidates to treat serious diseases with significant unmet medical needs. The company engages in the discovery, development, and commercialization of innovative medicines. Scopus Biopharma's core business involves leveraging proprietary technologies and collaborating with academic institutions to advance its product pipeline.
Scopus Biopharma has a diverse portfolio of drug candidates, including immuno-oncology treatments, antiviral therapies, and regenerative medicines. One of their leading projects is the development of a small molecule that targets certain genetic markers associated with various cancers, which has shown promising preclinical results.
The company has established strategic partnerships with leading research institutions and biotech firms to enhance its R&D capabilities and accelerate the clinical development of its therapeutics. Scopus Biopharma's financial health is bolstered by successful funding rounds and a strong commitment to maintaining a robust balance sheet.
Recent achievements include the initiation of early-stage clinical trials for their lead cancer treatment candidate and collaborations aimed at expanding their research into new therapeutic areas. These milestones signify the company's dedication to bringing groundbreaking treatments to market.
Investors and stakeholders can look forward to continuous updates on Scopus Biopharma's progress, as the company remains at the forefront of biopharmaceutical innovation. The ongoing commitment to addressing critical health challenges underscores the importance of Scopus Biopharma in the biotech landscape.
Dr. Morris C. Laster, a major shareholder of Scopus BioPharma Inc. (Nasdaq: SCPS), has issued an open letter to stockholders ahead of the Annual Meeting on December 20, 2021. He criticizes the management's financial performance and calls for the removal of current Board members, urging stockholders to vote for his nominees. Dr. Laster highlights ongoing equity dilution and misrepresentation of litigation facts, stressing the need for new independent directors to protect shareholders' interests. Stockholders as of August 16, 2021, can vote using the BLUE proxy card.
Scopus BioPharma Inc. (Nasdaq: SCPS) announced a private placement of 3,000,000 shares of common stock and additional investment options, priced at $3.25 per share, generating gross proceeds of $9.75 million. The offering will close on or about November 22, 2021. The Series A and B additional investment options will allow investors to purchase up to 3,000,000 additional shares at an exercise price of $3.125 per share. The company is required to file a registration statement with the SEC by January 4, 2022, to cover the resale of shares. This transaction is not a public offering.
Scopus BioPharma (Nasdaq: SCPS) announced the adjournment of its 2021 Annual Meeting of Stockholders to December 20, 2021, with no business conducted. This decision comes amid ongoing litigation between Scopus and Morris C. Laster, M.D. Actions have been taken to transfer 3,500,000 shares in dispute to Dr. Laster, who has been granted an irrevocable proxy for these shares. Scopus continues to solicit votes from stockholders regarding proposals set forth in its proxy statement dated September 16, 2021, as amended on October 26, 2021.
Scopus BioPharma Inc. (Nasdaq: SCPS) announced the adjournment of its 2021 Annual Meeting of Stockholders to November 5, 2021, due to a lack of quorum. The decision follows a Stipulation and Court Order from the Delaware Court of Chancery related to claims by Morris C. Laster, M.D. Dr. Laster failed to present his shares at the meeting. Scopus continues to solicit stockholder votes for proposals set in its September 16 proxy statement. Proxies already submitted will be counted unless revoked. The meeting will be accessible online.
Scopus BioPharma (Nasdaq: SCPS) will present at the LD Micro Main Event from October 12-14, 2021, discussing the launch of its subsidiary Duet Therapeutics, focused on immuno-oncology. Alan Horsager, Ph.D., will present data on Duet's bifunctional oligonucleotides, DUET-01 and DUET-02, which enhance cancer immunotherapy effectiveness. The presentation occurs on October 12 at 11:00 AM ET. Additionally, Scopus will also present at The MicroCap Rodeo’s Fall Harvest Best Ideas Conference on October 6, 2021, at 5:00 PM ET.
Scopus BioPharma Inc. (Nasdaq: SCPS) has engaged Boies Schiller Flexner LLP to investigate market manipulation amid a significant short selling attack. In recent weeks, the company's shares have faced intense downward pressure, with a short volume ratio nearing 70% and over 25% loss in market capitalization. The legal team comprising former federal prosecutors will explore potential securities violations and pursue appropriate legal actions to protect the company and its shareholders.
Scopus BioPharma (Nasdaq: SCPS) announced its participation in The MicroCap Rodeo’s Fall Harvest Best Ideas Conference, running virtually from October 5-8, 2021. The company will showcase its newly launched subsidiary, Duet Therapeutics, focusing on immuno-oncology. Alan Horsager, Ph.D., will present preclinical data on Duet's unique bifunctional oligonucleotides, DUET-01 and DUET-02, which enhance cancer immunotherapy efficacy. Attendees can view the presentation on October 6 at 5:00 PM ET, with one-on-one meetings available for investors.
Scopus BioPharma (SCPS) announced preclinical data from Duet Therapeutics at the Oligonucleotide Therapeutics Society's annual meeting. The studies benchmarked their bifunctional oligonucleotides, DUET-01 and DUET-02, against Checkpoint Inhibitors in mice models for lymphoma and metastatic prostate cancer. Results indicate that DUET-01 led to complete lymphoma regression, while DUET-02 demonstrated potent antitumor immune responses, suggesting potential advancements in cancer immunotherapy beyond current standards. Duet plans to file INDs for DUET-02 in Q4 2022, with trials expected to begin in Q1 2023.
Scopus BioPharma (Nasdaq: SCPS) announced that its subsidiary, Duet Therapeutics, will present scientific data at the 17th Annual Meeting of the Oligonucleotide Therapeutics Society, concluding on September 29, 2021. CEO Alan Horsager will present findings on immunotherapy targeting B cell lymphoma. A new video illustrating the mechanism of action for proprietary CpG-STAT3 inhibitors was also released. DUET-01, a Phase 1 trial for B-cell non-Hodgkin lymphoma, is ongoing, with plans to file INDs for DUET-02 by Q4 2022.
Scopus BioPharma Inc. (Nasdaq: SCPS) announced that its subsidiary, Duet Therapeutics, will present scientific data at the Oligonucleotide Therapeutics Society Meeting from September 28-29, 2021. CEO Alan Horsager will showcase DUET-01, targeting B-cell lymphoma immunotherapy. Additionally, Duet released a video detailing its proprietary CpG-STAT3 inhibitors. DUET-01 is currently in a Phase 1 trial, with plans to file INDs for DUET-02 by Q4 2022 for various cancers.
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