Skye Bioscience Looks To Build Appetite For CB1 Obesity Drug

The company will take on Novo Nordisk in reviving the CB1 inhibitor mechanism to develop a more tolerable long-term weight loss drug, after exiting ophthalmology.

Skye Bioscience has abandoned its plans in ophthalmology after a Phase II failure and will now focus exclusively on its obesity candidate, the cannabinoid 1 receptor (CB1) inhibitor nimacimab.

Key Takeaways

The withdrawal of Sanofi’s CB1 inhibitor Acomplia set back obesity drugs for a decade.

The immediate market response to the news on 10 June was not positive, with Skye’s share price falling by nearly...

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