Skye Bioscience, Inc., a clinical stage biopharmaceutical company, focuses on developing molecules that modulate G protein-coupled receptors (GPCRs) to treat obesity, overweight, and metabolic diseases. Its lead product candidate is nimacimab, a peripherally restricted negative allosteric modulating antibody targeting cannabinoid receptor 1, a key GPCR involved in metabolic regulation. The company was formerly known as Emerald Bioscience, Inc. and changed its name to Skye Bioscience, Inc. in January 2021. The company is headquartered in San Diego, California.
Nimacimab's Promise | Skye Bioscience's lead candidate for obesity treatment shows potential for efficacy without neuropsychiatric side effects, addressing a critical market need |
Financial Runway | With $59.2 million in cash, Skye is funded through Q1 2027, providing ample time for key clinical milestones and potential strategic developments |
Market Opportunity | Explore how Skye's novel approach to obesity treatment could capture a significant share of a growing market, potentially attracting big pharma interest |
Analyst Optimism | Learn about the bullish outlook from analysts, with price targets ranging from $14 to $15, reflecting confidence in Skye's innovative obesity treatment approach |
Metrics to compare | SKYE | Sector Sector - Average of metrics from a broad group of related Healthcare sector companies | Relationship RelationshipSKYEPeersSector | |
---|---|---|---|---|
P/E Ratio | 0.0x | −3.3x | −0.5x | |
PEG Ratio | −0.05 | −0.01 | 0.00 | |
Price/Book | 0.0x | 1.9x | 2.6x | |
Price / LTM Sales | 0.0x | 10.2x | 3.3x | |
Upside (Analyst Target) | 283.6% | 189.3% | 43.5% | |
Fair Value Upside | Unlock | 1.7% | 6.3% | Unlock |