Skye Bioscience (SKYE) has released an update.
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The Company plans to use the net proceeds from the Private Placement to fund operations into early 2026, which includes several clinical trials: a Phase 2 for nimacimab in obesity, a Phase 2a and 2b for SBI-100 Ophthalmic Emulsion in glaucoma and ocular hypertension, as well as ongoing R&D and general corporate needs. An upcoming Phase 2 trial will test nimacimab, a GLP-1R agonist, their combination, and a placebo on 200 obese patients to assess weight change and various secondary health metrics. The trial’s design is pending finalization and FDA input.
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