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SKYE FINAL DEADLINE: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Skye Bioscience, Inc. Investors to Secure Counsel Before Important January 16 Deadline in Securities Class Action – SKYE

Key Takeaway: Rosen Law Firm has announced a reminder for investors of Skye Bioscience, Inc. regarding an ongoing securities class action. Investors who purchased securities during the defined Class Period from November 4, 2024, to October 3, 2025, are encouraged to secure legal counsel by the January 16, 2026, deadline. The lawsuit claims that the company made false statements concerning the efficacy of its drug, nimacimab, which has resulted in investor losses. Potential plaintiffs can join the class action without upfront fees through a contingency fee arrangement.
Price reaction · baseline $1.05 (2026-01-08 close) · hit after-hours · 5 other SKYE headline(s) in the window, move may be shared
day 0 close
-6.7%
day 1 · peak
-10.4%
day 3
-2.9%

Market Sentiment Analysis

CONCERNS & RISKS

  • The lawsuit alleges that defendants made materially false and misleading statements about Skye's business and prospects.
  • Nimacimab was suggested to be less effective than previously claimed, impacting investor trust.
  • Defendants' public statements were deemed misleading at all relevant times, leading to financial damage for investors.

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

NEW YORK, Jan. 09, 2026 (GLOBE NEWSWIRE) --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Skye Bioscience, Inc. (NASDAQ: SKYE) between November 4, 2024 and October 3, 2025, both dates inclusive (the “Class Period”), of the important January 16, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Skye securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Skye class action, go to https://rosenlegal.com/submit-form/?case_id=48064 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 16, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements regarding Skye’s business, operations, and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) nimacimab was less effective than defendants had led investors to believe; (2) accordingly, nimacimab’s clinical, regulatory, and commercial prospects were overstated; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Skye Bioscience class action, go to https://rosenlegal.com/submit-form/?case_id=48064 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor

Frequently Asked Questions

What is the deadline to join the Skye class action?

The deadline to join is January 16, 2026.

How can I join the Skye Bioscience class action?

You can join by visiting https://rosenlegal.com/submit-form/?case_id=48064.

What are the claims against Skye Bioscience?

The lawsuit claims Skye made misleading statements about nimacimab's effectiveness.

Is there a fee to participate in the class action?

No, participants may receive compensation without any out of pocket fees.

Who can become a lead plaintiff?

Any investor can move to become a lead plaintiff by January 16, 2026.

Last updated: Jan 9, 2026