Skye Bioscience Shares Slide as Weight-Loss Drug Candidate Misses Primary Endpoint

Dow Jones10-06
 

By Adriano Marchese

 

Skye Bioscience shares fell sharply Monday in premarket trading after the company said its weight-loss drug didn't meet its clinical targets.

Shares traded 60% lower at $1.91 ahead of the morning bell.

The clinical-stage biotechnology company on Monday said top-line data from its Phase 2a CBeyond proof-of-concept study of the compound nimacimab didn't meet primary weight-loss endpoints as a stand-alone therapy.

The San Diego company also said combining nimacimab with semaglutide, the active ingredient in Ozempic and Wegovy used to treat type 2 diabetes, led to significantly greater weight loss at 26 weeks compared with semaglutide alone. Skye said this finding supports potential further studies to evaluate combinations of nimacimab and incretin-based therapies.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

October 06, 2025 07:41 ET (11:41 GMT)

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