Jul. 31 at 6:33 PM
$SCYX per Chat GBT Contractual Trigger: SCYNEXIS believes it met the milestone terms by restarting dosing in May 2025, which, under their licensing deal, triggered a
$10 million milestone, with another
$20 million due within six months.
GSK Dispute: GSK disputes this, potentially arguing that the conditions for the milestone weren't fully satisfied (e.g., trial protocol amendments, FDA engagement, or clinical hold language).
Materiality to SCYX: This payment is financially significant to SCYX, especially given its small-cap biotech status and reliance on partner funding for its clinical program.
Legal vs. Strategic Risk for GSK: GSK risks reputational and partnership damage if seen as unfairly withholding payments, especially in the context of antimicrobial resistance (AMR) — a politically and socially sensitive space.