Welcome to our dedicated page for Scynexis news (Ticker: SCYX), a resource for investors and traders seeking the latest updates and insights on Scynexis stock.
SCYNEXIS, Inc. develops therapies for severe rare diseases and difficult-to-treat fungal infections. The company’s updates center on SCY-770, a clinical-stage oral direct AMPK activator for autosomal dominant polycystic kidney disease, and SCY-247, a second-generation triterpenoid antifungal therapy in development for invasive candidiasis and prophylaxis of invasive fungal disease.
SCYNEXIS news also covers its fungerp antifungal platform, FDA designations for SCY-247, scientific presentations, financial results, and corporate actions. The company has licensed ibrexafungerp, including BREXAFEMME® for vulvovaginal candidiasis and reduction in recurrent vulvovaginal candidiasis, to GSK, making collaboration and license-agreement updates a recurring disclosure theme.
SCYNEXIS, Inc. (NASDAQ: SCYX) announced grants of stock options and Restricted Stock Units (RSUs) to three new employees, totaling 28,000 stock options at an exercise price of $4.18 and 11,500 RSUs. This move aims to attract talent in the biotechnology sector focusing on innovative treatments for drug-resistant fungal infections. The options will vest over a four-year period, while the RSUs will vest over three years. These grants are part of SCYNEXIS’ 2015 Inducement Award Plan, aligned with their mission to develop medicines like ibrexafungerp, aimed at combating serious fungal infections.
SCYNEXIS, Inc. (NASDAQ: SCYX) announced its participation in several medical events throughout March 2022. Key highlights include a live panel discussion on drug development in Women’s Health, led by CEO Marco Taglietti. The company will attend three in-person conferences: ISSWSH from March 3-6 in Dallas, CREOG & APGO Annual Meeting from March 9-12 in Orlando, and AMCP from March 29-April 1 in Chicago. Additionally, SCYNEXIS will participate in a virtual investor panel at Maxim Group’s Annual Growth Conference on March 28.
For more details, visit www.scynexis.com.
SCYNEXIS reported successful results from the Phase 3 CANDLE study for ibrexafungerp, the only oral fungicidal treatment for vaginal yeast infections. The study showed 65.4% of patients treated with ibrexafungerp had clinical success at 24 weeks, surpassing the 53.1% success rate of the placebo group. The company plans to submit a supplemental New Drug Application (sNDA) for BREXAFEMME for preventing recurrent vaginal yeast infections in the first half of 2022, with anticipated FDA approval by year-end. Ibrexafungerp has potential benefits for patients not responding to fluconazole.
SCYNEXIS, Inc. (NASDAQ: SCYX) has granted stock options and Restricted Stock Units (RSUs) to five new employees, totaling 41,000 stock options at an exercise price of $4.90 and 16,000 RSUs. These grants serve as inducements for accepting employment offers. The stock options vest over four years, with a one-year cliff, while RSUs vest over two years. SCYNEXIS is focused on developing innovative antifungal medicines, including its lead product, ibrexafungerp, recently approved by the FDA for treating fungal infections.
SCYNEXIS, Inc. (NASDAQ: SCYX), a biotechnology firm, announced that CEO Marco Taglietti will present at two virtual investor conferences in January 2022. The events are the LifeSci Partners 11th Annual Corporate Access Event on January 7 at 10:00 a.m. ET and the H.C. Wainwright Bioconnect 2022 Virtual Healthcare Conference from January 10-13, featuring a corporate update webcast. SCYNEXIS is focused on developing innovative treatments for drug-resistant infections, including its lead asset, ibrexafungerp, approved by the FDA on June 1, 2021.
SCYNEXIS, Inc. (NASDAQ: SCYX) announced the exercise of warrants for 3.37 million shares, gaining approximately $21.1 million. This follows an earlier $7.9 million received in December. The exercised warrants were part of Series 1 from a December 2020 financing. SCYNEXIS aims to bolster its financial position to support the commercialization of its first product, BREXAFEMME® (ibrexafungerp), approved by the FDA on June 1, 2021, alongside ongoing clinical trials targeting invasive fungal infections.
SCYNEXIS, Inc. has announced that its innovative antifungal treatment, BREXAFEMME (ibrexafungerp tablets), is now covered for over 45% of commercially insured patients in the U.S. This first-in-class treatment for vulvovaginal candidiasis (VVC) is the first new antifungal class approved by the FDA in more than 20 years. The coverage expansion is expected to enhance patient access, as it meets a significant unmet need in managing yeast infections, particularly those resistant to standard treatments.
SCYNEXIS, Inc. (NASDAQ: SCYX) has received orphan medicinal product designation from the EMA for ibrexafungerp to treat invasive candidiasis, granting 10 years of EU market exclusivity. The company also secured new U.S. and European patents extending lifecycle protection until 2038. The recent initiation of a global Phase 3 study for ibrexafungerp highlights its potential as an oral step-down therapy for invasive candidiasis. Ibrexafungerp is positioned as a significant treatment option against drug-resistant infections.
SCYNEXIS is launching a global Phase 3 study to assess the effectiveness of oral ibrexafungerp as a step-down treatment for invasive candidiasis (IC) and candidemia. This study aims to establish ibrexafungerp as the first non-azole oral option for IC caused by azole-resistant Candida species, which account for approximately 35,000 cases annually in the U.S. The study involves around 220 patients and compares ibrexafungerp to oral fluconazole following IV echinocandin therapy. The primary endpoint is 30-day all-cause mortality.
SCYNEXIS (NASDAQ: SCYX) announced the grant of stock options to two new employees for a total of 5,200 shares at an exercise price of $7.38 per share, which matches the closing price on November 30, 2021. These options are part of SCYNEXIS' inducement strategy under the 2015 Inducement Award Plan, designed to attract new talent. Each option has a ten-year term, with vesting set at one-fourth on the one-year anniversary and the remainder in equal monthly installments thereafter.