Aug. 13 at 12:20 PM
$SCYX
Maxim update Part 2
On 8/10, Scynexis reported 2Q results with opex of
$8.0M and a non-cash gain on derivative liabilities of
$14.1M, for a net gain of
$7.4M. The company ended the period with
$71.1M in cash on the balance sheet which should provide sufficient runway into 2029.
The P1 for its oral direct AMPK activator SCY-770, started in late June and is due to report data by the end of 3Q26. The data should inform the design of a P2 study in autosomal dominant polycystic kidney disease (ADPKD) patients, which is expected to start in 4Q26, representing a key event for Scynexis in its transformation into a rare-disease company.