60 Degrees Pharmaceuticals Exercises License Option with Florida State University for Large-Scale Purification of Castanospermine for Non-Rx Use
60 Degrees Pharmaceuticals, Inc. (SXTP)
Company Research
Source: GlobeNewswire
WASHINGTON, Jan. 28, 2026 (GLOBE NEWSWIRE) -- 60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP; SXTPW) (“60 Degrees Pharma” or the “Company”), a pharmaceutical company focused on developing new medicines for vector-borne disease, today announced it has exercised the option in its agreement with Florida State University (FSU) to negotiate an exclusive license to use large-scale purification techniques to extract castanospermine from the seeds of Castanospermum australe (commonly known as the Australian Chestnut, the Moreton Bay Chestnut, and the Black Bean Tree). Castanospermum australe grows primarily in the Australian states of Queensland and New South Wales, but also in Florida, Hawaii, and California. The processed seeds of Castanospermum australe have historically been a traditional food source in Australia for thousands of years.According to recent scientific literature, at low doses, castanospermine modulates carbohydrate metabolism, altering glycogen, glucose levels, and other
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- 60 Degrees Pharmaceuticals Expands Access to ARAKODA® with GoodRx PartnershipGlobeNewswire
- 60 Degrees Pharmaceuticals (NASDAQ:SXTP) had its price target raised by analysts at HC Wainwright from $6.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
- 60 Degrees Pharma announces 1-for-4 reverse stock split; shares up [Seeking Alpha]Seeking Alpha
- 60 Degrees Pharmaceuticals, Inc. Announces Approval of Reverse Stock Split RatioGlobeNewswire
SXTP
Sec Filings
- 1/23/26 - Form 8-K
- 1/8/26 - Form 8-K
- 12/16/25 - Form 4
- SXTP's page on the SEC website