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Skye Bioscience to Present at TD Cowen Health Care Conference

Key Takeaway: Skye Bioscience, a clinical-stage biopharmaceutical company, announced that CEO Punit Dhillon will present a corporate overview at the TD Cowen 45th Annual Health Care Conference in Boston on March 5, 2025. The company focuses on treating obesity and metabolic health disorders via new therapeutic pathways and is currently conducting a Phase 2 clinical trial for its candidate drug nimacimab. A live webcast of the presentation will be available on the Skye Bioscience website.
Price reaction · baseline $3.18 (2025-02-19 close) · hit after-hours · 1 other SKYE headline(s) in the window, move may be shared
day 0 close · peak
-1.6%

Market Sentiment Analysis

POSITIVE FACTORS

  • Skye Bioscience is focused on developing innovative therapies for obesity and metabolic disorders.
  • The company is conducting a Phase 2 clinical trial for nimacimab, indicating progress in drug development.
  • Skye will present at a significant healthcare conference, increasing visibility and potential investor interest.

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, Calif., Feb. 20, 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, today announced that Punit Dhillon, Chief Executive Officer, will present a corporate overview and be available for 1x1 meetings at the TD Cowen 45th Annual Health Care Conference.
Presentation Date: Wednesday, March 5, 2025
Time: 11:10 AM – 11:40 AM ET
Location: Boston, MA
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

When is Skye Bioscience's presentation at the conference?

Skye Bioscience will present on March 5, 2025.

What is the focus of Skye Bioscience?

Skye Bioscience focuses on metabolic health and obesity treatment.

What is nimacimab used for in clinical trials?

Nimacimab is being tested for obesity treatment in Phase 2 trials.

Where can I access the presentation webcast?

The live and archived webcast will be on Skye’s website.

Who is presenting on behalf of Skye Bioscience?

Punit Dhillon, the CEO, will present at the conference.

Last updated: Feb 20, 2025