Arecor Therapeutics PLC (AIM:AREC) has entered a development partnership with Skye Bioscience Inc (NASDAQ:SKYE), a US-based biotechnology group, to create a more concentrated formulation of an experimental obesity treatment, as drugmakers vie for a share of the fast-growing weight-loss market. The Cambridge-based company will use its proprietary Arestat technology to reformulate nimacimab, a monoclonal antibody developed by Skye that targets the CB1 receptor.
Skye Bioscience, Inc. (NASDAQ:SKYE ) Q1 2025 Earnings Conference Call May 9, 2025 4:30 PM ET Company Participants Bernie Hertel - Head of Investor Relations Punit Dhillon - President & Chief Executive Officer Chris Twitty - Chief Scientific Officer Kaitlyn Arsenault - Chief Financial Officer Puneet Arora - Chief Medical Officer Tu Diep - Chief Operating Officer Conference Call Participants Jay Olson - Oppenheimer Albert Lowe - Craig-Hallum Ted Tenthoff - Piper Sandler Kristen Kluska - Cantor Fitzgerald Andy Hsieh - William Blair Jon Wolleben - Citizens JMP Bernie Hertel Hello, and thank you all for participating in today's call. Joining me today is Punit Dhillon, Skye's President and CEO; Chris Twitty, CSO, and Kaitlyn Arsenault, Skye's CFO.
Weight loss drug stocks like Novo Nordisk have dropped significantly lately. This presents potential value opportunities in a market projected to grow to $105 billion by 2035. Skye Bioscience's nimacimab, in Phase 2a trials, shows promise with significant weight loss results in mouse models, making it a speculative but potentially rewarding investment. 26-week results for the Phase 2a are expected in late Q3 or early Q4, so positive catalysts are on the horizon.
Skye Bioscience, Inc. (NASDAQ:SKYE ) Q4 2024 Earnings Conference Call March 20, 2025 4:30 PM ET Company Participants Bernie Hertel - Head of Investor Relations Punit Dhillon - President and Chief Executive Officer Kaitlyn Arsenault - Chief Financial Officer Chris Twitty - Chief Scientific Officer Tu Diep - Chief Operating Officer Puneet Arora - Chief Medical Officer Conference Call Participants Kristen Kluska - Cantor Fitzgerald & Co. Edward Tenthoff - Piper Sandler & Co. Jay Olson - Oppenheimer & Co. Inc. Andy Hsieh - William Blair & Company George Farmer - Scotiabank Jonathan Wolleben - Citizens JMP Securities Albert Lowe - Craig-Hallum Capital Group Operator Ladies and gentlemen, thank you for standing by. My name is Jale, and I will be your conference operator today.
Skye Bioscience's Nimacimab shows promising Phase 1 safety data and is in Phase 2 trials, potentially revolutionizing obesity treatment with minimal neuropsychiatric side effects. Nimacimab's large-molecule design avoids neuropsychiatric side effects, a major issue with earlier CB1 inhibitors like rimonabant and monlunabant. The drug's preclinical evidence suggests fat-specific weight loss, lean muscle preservation, and appetite regulation, positioning it as a competitive alternative to GLP-1 therapies.
Skye Bioscience, Inc. (NASDAQ:SKYE ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Bernie Hertel - Head, Investor Relations Punit Dhillon - President and CEO Kaitlyn Arsenault - Chief Financial Officer Chris Twitty - Chief Scientific Officer Dr. Puneet Arora - Chief Medical Officer Conference Call Participants Edward Tenthoff - Piper Sandler Jay Olson - Oppenheimer George Farmer - ScotiaBank Albert Lowe - Craig-Hallum Ayan Hussein - Cantor Fitzgerald Operator Ladies and gentlemen, thank you for standing by. My name is Desiree, and I will be your conference operator today.
Skye Bioscience NASDAQ: SKYE is a micro-cap pharmaceutical company that is striving to become the next big thing in the weight loss drug space. The massive success of glucagon-like peptide-1 (GLP-1) agonist drugs sold by Eli Lilly NYSE: LLY and Novo Nordisk NYSE: NVO has prompted Wall Street analysts to place high expectations on Skye Bioscience.
Skye Bioscience, Inc. interim data from phase 2 CBeyond study, using nimacimab for the treatment of patients with obesity, is expected Q2 and Q4 of 2025. Experimental arm added into phase 2 CBeyond study, which is combining the use of nimacimab with Wegovy for the treatment of patients with obesity. The global obesity drugs market is expected to reach $105 billion in 2030.
NEW YORK, NY / ACCESSWIRE / August 21, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Skye Bioscience, Inc. ("Skye" or "the Company") (NASDAQ:SKYE). Investors who purchased Skye securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SKYE.
NEW YORK, NY / ACCESSWIRE / August 20, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Skye Bioscience, Inc. ("Skye" or "the Company") (NASDAQ:SKYE). Investors who purchased Skye securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SKYE.
LOS ANGELES, CA / ACCESSWIRE / August 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Skye Bioscience, Inc. ("Skye" or "the Company") (NASDAQ:SKYE) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
NEW YORK, NY / ACCESSWIRE / August 19, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Skye Bioscience, Inc. ("Skye" or "the Company") (NASDAQ:SKYE). Investors who purchased Skye securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SKYE.