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SCYNEXIS, Inc. (NASDAQ: SCYX) is a front-running pharmaceutical company dedicated to discovering, developing, and commercializing novel anti-infectives. Based in Jersey City, SCYNEXIS aims to address significant unmet therapeutic needs, particularly in the realm of fungal infections. Their primary product candidate, ibrexafungerp, is an innovative oral and intravenous drug targeting a wide range of serious and life-threatening invasive fungal infections.
SCYNEXIS is renowned for its groundbreaking antifungal platform known as “fungerps.” Ibrexafungerp, the first representative of this class, received FDA approval for treating vulvovaginal candidiasis (VVC) and for reducing the incidence of recurrent VVC. This compound is also in late-stage clinical trials targeting invasive fungal infections in hospitalized patients. SCYNEXIS is continuously advancing its pipeline with new antifungal candidates like SCY-247, which has shown promising preclinical results against multiple drug-resistant fungal pathogens.
In recent developments, SCYNEXIS voluntarily recalled two lots of BREXAFEMME® due to potential cross-contamination with a non-antibacterial beta-lactam substance. Although no adverse events have been reported, the company is taking proactive measures to address the issue and ensure consumer safety. Meanwhile, SCYNEXIS continues to make strides in research and development, with significant investments aimed at expanding their antifungal arsenal.
For more information about SCYNEXIS, Inc., including their latest news and updates, visit www.scynexis.com.
SCYNEXIS reported Q3 2024 financial results, highlighting the receipt of a $10 million milestone payment from GSK following the delivery of clinical study reports for FURI, CARES, and NATURE trials. The company reported revenue of $0.7 million, R&D expenses of $8.1 million, and a net loss of $2.8 million. Cash position stands at $84.9 million, providing runway into Q3 2026. SCY-247, their second-generation antifungal, showed promising preclinical results, with Phase 1 trials expected to begin in Q4 2024. The Phase 3 MARIO trial in invasive candidiasis is anticipated to restart in Q1 2025.
SCYNEXIS (NASDAQ: SCYX), a biotechnology company focused on developing innovative medicines for difficult-to-treat and drug-resistant infections, has announced its participation in the 2024 Maxim Healthcare Virtual Summit. David Angulo, M.D., President and CEO of SCYNEXIS, will engage in a fireside chat on Thursday, October 17, at 11:30 A.M. ET.
The event will be held virtually, and interested parties can sign up to view the presentation through a provided link. Additionally, one-on-one investor meetings will be available after the event upon request, which can be arranged through a separate link or by contacting a Maxim representative.
SCYNEXIS, Inc. (NASDAQ: SCYX) announced upcoming presentations of preclinical efficacy and pharmacokinetic data on its second-generation fungerp candidate SCY-247 at IDWeek 2024 in Los Angeles, CA from October 16-19, 2024. The company will present two sessions:
1. An oral presentation titled 'Efficacy of SCY-247, a Second-generation Triterpenoid Antifungal, in Three Murine Models of Invasive Fungal Infections' on October 17.
2. A poster presentation titled 'SCY-247: A Second-generation IV/Oral Triterpenoid Antifungal with Extensive Tissue Distribution and Pharmacokinetics, and Low Drug-Drug Interaction Potential' on October 18.
Both presentations will be delivered by David A. Angulo, M.D., President and CEO of SCYNEXIS.
SCYNEXIS (NASDAQ: SCYX), a biotechnology company focused on developing innovative medicines for difficult-to-treat and drug-resistant infections, has announced its participation in the H. C. Wainwright 26th Annual Global Investment Conference. The event is scheduled for September 11, 2024, in New York City.
David Angulo, M.D., President and CEO of SCYNEXIS, will deliver a corporate presentation at 10:00 A.M. ET and will be available for one-on-one meetings with investors. Interested parties can request meetings through their H.C. Wainwright representative. The presentation will also be accessible via a live webcast, providing an opportunity for remote participation.
SCYNEXIS (NASDAQ: SCYX) reported Q2 2024 financial results and provided a corporate update. Key highlights include:
1. Delivery of clinical study reports for FURI, CARES, and NATURE trials to GSK, triggering a $10 million milestone payment.
2. Progress on SCY-247's IND-enabling activities, with Phase 1 study planned for Q4 2024.
3. Q2 2024 ended with $83.7 million in cash, projecting a runway of over two years.
4. Q2 2024 financial results: $0.7 million revenue, $6.8 million R&D expense, $3.2 million SG&A expense, and a net loss of $14.5 million ($0.30 per share).
5. Ongoing work to restart the Phase 3 MARIO study in invasive candidiasis.
SCYNEXIS (NASDAQ: SCYX) announced it will receive a $10 million milestone payment from GSK, triggered by the delivery of final clinical study reports for the completed FURI, CARES, and NATURE trials. This payment is part of their exclusive license agreement for ibrexafungerp. Results from the FURI and CARES studies are positive and consistent with previous interim analyses. SCYNEXIS reiterates its cash runway of over two years and plans to advance SCY-247, its next-generation fungerp, into clinical trials later this year. The company has previously received $115 million from GSK and is eligible for up to $323 million more in potential payments, plus tiered royalties on ibrexafungerp sales.
SCYNEXIS, a biotechnology company, reported its first-quarter financial results for 2024, ending with $94.2 million in cash, with a projected cash runway of over two years. They continue to progress with SCY-247's development and anticipate a Phase I trial by 2024. The company is working on new manufacturing agreements due to clinical hold issues with ibrexafungerp and presented promising preclinical data for SCY-247 at a conference. SCYNEXIS expects to deliver study reports to GSK, triggering a $10 million milestone payment. Financially, revenue consisted of $1.4 million from a license agreement with GSK. Research and development expenses increased slightly, while SG&A expenses decreased. Net income for Q1 2024 was $0.4 million compared to a loss in the same period in 2023.
SCYNEXIS, Inc. presented preclinical data on its second-generation fungerp SCY-247 at the ESCMID Global 2024 congress. SCY-247 showed efficacy in treating invasive candidiasis and displayed in vitro activity against a wide range of pathogenic fungi. The company aims to address the need for new antifungal treatments, especially for drug-resistant infections. The positive data further solidify SCY-247's potential in combating difficult-to-treat infections.
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