Scynexis: Update Following Restructuring Of GSK Deal [Seeking Alpha]
SCYNEXIS, Inc. (SCYX)
Last scynexis, inc. earnings: 11/12 08:30 am
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US:NASDAQ Investor Relations:
ir.scynexis.com/investor-relations
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Source: Seeking Alpha
SCYX ended 2023 with $98M, but is still trading at a $54M market cap. Cash runway is beyond 2 years, not accounting for pending milestones. Just the milestones from delivery of readouts to GSK and resumption and progress of MARIO trial are expected to cover all 2024 operating expenses. SCYX stock is undervalued in the short/medium term, but its long-term success is unclear considering emerging competition and pipeline limited to SCY-247. Thesis overview In my last coverage , I recommended buying Scynexis ( NASDAQ: SCYX ) based on a 2-year cash runway, GSK ( GSK ) partnership associated with significant pending milestone payments and future potential of SCY-247. Stock price was doing well until a re-structuring of the GSK deal was announced, associated with considerable reduction of pending milestones. As a result, the downtrend has resumed. For background on ibrexafungerp and market potential, I refer readers to my prior coverage. Briefly, SCYX had to recall ibrexafungerp i
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SCYX
News
- SCYNEXIS to Present Preclinical Data on Second Generation Fungerp SCY-247 at the 34th European Congress of Clinical Microbiology and Infectious Diseases (ECCMID) [Yahoo! Finance]Yahoo! Finance
- SCYNEXIS to Present Preclinical Data on Second Generation Fungerp SCY-247 at the 34th European Congress of Clinical Microbiology and Infectious Diseases (ECCMID)GlobeNewswire
- SCYNEXIS, Inc. (NASDAQ: SCYX) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald.MarketBeat
- SCYNEXIS Reports Full Year 2023 Financial Results and Provides Corporate Update [Yahoo! Finance]Yahoo! Finance
- SCYNEXIS Reports Full Year 2023 Financial Results and Provides Corporate UpdateGlobeNewswire
SCYX
Earnings
- 11/13/23 - Miss
SCYX
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- SCYX's page on the SEC website