Here's What You Need To Know About Zynerba Pharmaceuticals

Q2 Results

The company ended the quarter with $70.2 million in cash and cash equivalents which does mark a decrease from $77.5 million in the prior quarter. However, the company believes that its cash position is sufficient enough to develop five phase 3-ready programs and initiate at least one phase 3 program and fund operations and capital requirements into 2019.

Clinical Highlights

Zynerba expects to announce top-line data from its STAR 1 trial "soon," which will be followed up with top-line data from the STOP trial "later this month." The company also reiterated it is on track to report top-line results from the FAC-C Fragile X study in September.

Meanwhile, the company completed dosing in Phase 2 STAR 1 clinical trial for ZYN002 Cannabidiol (CBD) Gel for the treatment of adult epilepsy. Also, dosing continues in a Phase 2 STAR 2 open-label extension clinical trial for ZYN002 CBD Gel for the treatment of adult epilepsy.