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Skye Bioscience Announces Participation in February Conferences

Key Takeaway: Skye Bioscience, a clinical-stage biopharmaceutical company, recently announced its participation in two upcoming investor conferences: the BIO CEO & Investor Conference and the Oppenheimer 35th Healthcare Life Sciences Conference. Skye aims to showcase its advancements in therapies targeting obesity and metabolic health disorders. The company is also conducting a Phase 2 clinical trial for its drug candidate nimacimab, which involves an assessment of its combination with a GLP-1R agonist. A live and archived webcast of the conferences will be accessible on Skye’s website.
Price reaction · baseline $2.905 (2025-02-03 close) · hit after-hours · clean, no other SKYE news in the window
day 0 close
+0.2%

Market Sentiment Analysis

POSITIVE FACTORS

  • Skye Bioscience is actively participating in significant investor conferences.
  • The company's focus on innovative treatments for obesity reflects its commitment to addressing metabolic health issues.
  • Skye's Phase 2 clinical trial for nimacimab shows potential for new therapeutic pathways.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+84%
120-day peak, hindsight
Typical move
24.3%
average across 4 past catalysts
Cash runway
~4 mo
High dilution risk
Lead asset
Nimacimab
Phase 2 · Obesity

Full Press Release Details

SAN DIEGO, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Skye Bioscience, Inc. (Nasdaq: SKYE) (“Skye”), a clinical-stage biopharmaceutical company focused on unlocking new therapeutic pathways for obesity and other metabolic health disorders, will participate in the following investor conferences:
BIO CEO & Investor Conference
Panel: Obesity: Next Medicines with Impact
Monday, February 10, 2025, 11:00 AM - 11:50 AM ET
Oppenheimer 35th Healthcare Life Sciences Conference
Wednesday, February 12th, 2025, at 12:00 PM - 12:30 PM ET
A live and archived webcast will be accessible on Skye’s website.
About Skye Bioscience
Skye is focused on unlocking new therapeutic pathways for metabolic health through the development of next-generation molecules that modulate G-protein coupled receptors. Skye's strategy leverages biologic targets with substantial human proof of mechanism for the development of first-in-class therapeutics with clinical and commercial differentiation. Skye is conducting a Phase 2 clinical trial (ClinicalTrials.gov: NCT06577090) in obesity for nimacimab, a negative allosteric modulating antibody that peripherally inhibits CB1. This study is also assessing the combination of nimacimab and a GLP-1R agonist (Wegovy®). For more information, please visit: www.skyebioscience.com. Connect with us on X and LinkedIn.
LifeSci Advisors, Mike Moyer
LifeSci Communications, Michael Fitzhugh
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, forward-looking statements can be identified by terminology including “anticipated,” “plans,” “goal,” “focus,” “aims,” “intends,” “believes,” “can,” “could,” “challenge,” “predictable,” “will,” “would,” “may” or the negative of these terms or other comparable terminology. Such statements and other statements in this press release that are not descriptions of historical facts are forward-looking statements that are based on management’s current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. We operate in a rapidly changing environment, and new risks emerge from time to time. As a result, it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. Risks and uncertainties that may cause actual results to differ materially include, among others, our capital resources, uncertainty regarding the results of future testing and development efforts and other risks that are described in the Company’s periodic filings with the Securities and Exchange Commission, including in the “Risk Factors” section of Skye’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Except as expressly required by law, Skye disclaims any intent or obligation to update these forward-looking statements.

Frequently Asked Questions

What is Skye Bioscience focused on?

Skye Bioscience is focused on developing therapies for obesity and metabolic health disorders.

When is the BIO CEO & Investor Conference?

The BIO CEO & Investor Conference is on February 10, 2025, from 11:00 AM to 11:50 AM ET.

What clinical trial is Skye conducting?

Skye is conducting a Phase 2 trial for nimacimab, targeting obesity.

How can I access the conference webcasts?

Live and archived webcasts will be available on Skye’s official website.

What does nimacimab target?

Nimacimab is an antibody that inhibits CB1 and is being studied for obesity.

Last updated: Feb 4, 2025