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.

Weight Scales
• Source: Shutterstock

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...

Scrip Podcast

Keep up with the top pharma business news of the week. On the go.

Scrip brings you a weekly bulletin of top picks.

More from Business

More from Scrip