Skye Bioscience and Redx Pharma announced they have entered into a definitive transaction agreement, under which Skye will acquire Redx. Skye hosted an associated webcast discussing the transaction (view slides). The combined company plans to operate under the name Fibrx Therapeutics and trade on Nasdaq. Below, FENIX provides highlights and insights into the agreement.
Three cardiometabolic-related news items have been observed: FDA updated its GLP-1RA compounding policies (view statement); Skye Bioscience dosed the first patient in Part C of the Ph2a CBeyond trial evaluating higher doses of nimacimab (view press release); and Aspect Biosystems received $79M in funding from the Canadian government (view press release). Below, FENIX provides highlights and insights on the respective news items.
Two cardiometabolic-related news items have been observed: MIRA Pharmaceuticals acquired SKNY Pharmaceuticals, including its lead CB1 inhibitor for obesity and addiction (view press release); and Structure Therapeutics initiated its Ph2 study evaluating aleniglipron on body composition in participants with obesity (view CT.gov record). Below, FENIX provides highlights and insights for the respective news items.