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 | −0.2x | −1.1x | −0.4x | |
PEG Ratio | 0.01 | −0.42 | 0.00 | |
Price/Book | −16.0x | 2.8x | 2.6x | |
Price / LTM Sales | - | 172.6x | 3.1x | |
Upside (Analyst Target) | - | 674.0% | 49.0% | |
Fair Value Upside | Unlock | 4.7% | 7.0% | Unlock |
Skye Bioscience, Inc., a clinical-stage biotechnology company, develops molecules that modulate G-protein-coupled receptors to treat obesity, overweight, and related metabolic diseases. The company's lead clinical asset is nimacimab, a peripherally-restricted negative allosteric modulating antibody targeting cannabinoid receptor 1 (CB1) administered as a subcutaneous injectable, which targets CB1 receptors in peripheral tissues including adipose, liver, and muscle tissues with limited central nervous system accumulation. Nimacimab addresses metabolic processes related to energy expenditure, fat mobilization, leptin sensitivity, appetite regulation, and satiety signaling. Skye Bioscience, Inc. was formerly known as Emerald Bioscience Inc. and changed its name to Skye Bioscience, Inc. in December 2020. Skye Bioscience, Inc. was incorporated in 2011 and is based in San Diego, California.