Scynexis Looks For Commercial Partner For Its Lead Infection Treatment

  • Scynexis Inc SCYX announced a new strategic direction to refocus its resources on the clinical development of ibrexafungerp for severe, hospital-based indications.
  • The company expects its first approval in the hospital setting in 2024.
  • The company intends to out-license Brexafemme (ibrexafungerp tablets) for vulvovaginal candidiasis (VVC) and is actively pursuing a U.S. commercialization partner.
  • Related: Scynexis Touts Positive Data For Ibrexafungerp For Vaginal Infections.
  • During this process, Scynexis will wind down its promotional activities while keeping Brexafemme on the market and available to patients.
  • Scynexis will conclude the partnership with its contracted commercial sales partner, Amplity Health, and undertake a workforce reduction. The resulting resources will be redirected to the hospital program, extending the cash runway into Q2 2024.
  • Scynexis' CEO & President Marco Taglietti will retire as of December 31, 2022.
  • David Angulo, Chief Medical Officer since 2015, will become President & CEO, effective January 1, 2023.
  • Ivor Macleod will join Scynexis as CFO on October 24.
  • Price Action: SCYX shares are down 6.12% at $2.76 on the last check Thursday.
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