Skye Bioscience will host a virtual event on September 4 to discuss Phase 2a trial results for nimacimab, targeting obesity.
Quiver AI Summary
Skye Bioscience, Inc. has announced a virtual Key Opinion Leader (KOL) event on September 4, 2025, at 8:00 AM ET to discuss the upcoming topline results from their Phase 2a CBeyond™ trial of nimacimab, a novel peripheral CB1 antibody aimed at obesity treatment. The event will feature experts discussing the trial's success criteria, the role of peripheral CB1 inhibition as an anti-obesity strategy, and the implications of new preclinical data. Skye's CEO, Punit Dhillon, emphasized the event's importance for framing expectations related to safety, tolerability, and the drug's potential in the obesity treatment landscape. Notable speakers include Drs. Kevin Cannon, Sean Wharton, and Marcus Goncalves, who bring extensive expertise in metabolic health and obesity research. Interested participants can register to attend the webcast, and a replay will be available on the company's website.
Potential Positives
- Skye Bioscience is hosting a virtual KOL event to discuss upcoming topline results from its Phase 2a CBeyond™ trial, showcasing proactive engagement with key opinion leaders in the obesity treatment field.
- The event will provide insights into the potential of nimacimab, a first-in-class peripheral CB1 antibody, contributing to the evolving landscape of anti-obesity therapeutics.
- New preclinical data on nimacimab will be shared, highlighting the company's commitment to transparency and collaboration with leading experts in the metabolic health domain.
- The involvement of distinguished KOLs like Dr. Kevin Cannon, Dr. Sean Wharton, and Dr. Marcus Goncalves enhances the credibility of the discussion and underlines Skye's focus on developing effective obesity treatments.
Potential Negatives
- The press release emphasizes the uncertainty surrounding the upcoming Phase 2a topline results, indicating that results may not meet expectations and could negatively impact the company's future development plans.
- The mention of gastrointestinal and neuropsychiatric safety considerations suggests potential risks and concerns associated with the drug, which may deter investor confidence.
- The forward-looking statements caution that unpredicted risks could materially affect business, operating results, financial condition, and stock price, highlighting an unstable financial outlook.
FAQ
What is the purpose of Skye Bioscience's KOL event?
The event aims to discuss the upcoming topline results from the Phase 2a CBeyond™ trial of nimacimab for obesity.
When is the KOL event scheduled?
The KOL event is scheduled for Thursday, September 4th at 8:00 AM ET.
Who are the featured speakers at the event?
The event will feature distinguished obesity key opinion leaders, including Dr. Kevin Cannon, Dr. Sean Wharton, and Dr. Marcus Goncalves.
How can I register for the KOL event?
Advanced registration is required and can be completed by clicking the registration link available in the press release.
What will be discussed during the KOL event?
Topics will include the Phase 2a study's success criteria, peripheral CB1 inhibition, preclinical data, and a Q&A session.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SKYE Insider Trading Activity
$SKYE insiders have traded $SKYE stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $SKYE stock by insiders over the last 6 months:
- ANDREW J. SCHWAB has made 0 purchases and 4 sales selling 231,405 shares for an estimated $800,548.
- PARTNERS VII, LLC 5AM has made 0 purchases and 4 sales selling 231,405 shares for an estimated $800,548.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SKYE Hedge Fund Activity
We have seen 25 institutional investors add shares of $SKYE stock to their portfolio, and 54 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SPHERA FUNDS MANAGEMENT LTD. removed 937,919 shares (-63.5%) from their portfolio in Q2 2025, for an estimated $3,920,501
- BRAIDWELL LP removed 825,732 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $3,451,559
- BLACKROCK, INC. removed 789,075 shares (-65.7%) from their portfolio in Q2 2025, for an estimated $3,298,333
- SCHONFELD STRATEGIC ADVISORS LLC removed 519,260 shares (-32.1%) from their portfolio in Q2 2025, for an estimated $2,170,506
- MILLENNIUM MANAGEMENT LLC added 470,729 shares (+inf%) to their portfolio in Q2 2025, for an estimated $1,967,647
- STATE STREET CORP removed 303,214 shares (-82.0%) from their portfolio in Q2 2025, for an estimated $1,267,434
- CITADEL ADVISORS LLC removed 250,014 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $397,522
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SKYE Analyst Ratings
Wall Street analysts have issued reports on $SKYE in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JMP Securities issued a "Market Outperform" rating on 06/24/2025
- Craig-Hallum issued a "Buy" rating on 03/21/2025
- Citizens Capital Markets issued a "Market Outperform" rating on 03/21/2025
To track analyst ratings and price targets for $SKYE, check out Quiver Quantitative's $SKYE forecast page.
$SKYE Price Targets
Multiple analysts have issued price targets for $SKYE recently. We have seen 4 analysts offer price targets for $SKYE in the last 6 months, with a median target of $14.5.
Here are some recent targets:
- Michael DiFiore from Evercore ISI Group set a target price of $10.0 on 08/15/2025
- Jonathan Wolleben from JMP Securities set a target price of $15.0 on 06/24/2025
- Albert Lowe from Craig-Hallum set a target price of $14.0 on 03/21/2025
- Jonathan Wolleben from Citizens Capital Markets set a target price of $15.0 on 03/21/2025
Full Release
SAN DIEGO, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Skye Bioscience, Inc. (Nasdaq: SKYE) (“Skye”), a clinical-stage biotechnology company focused on unlocking new therapeutic pathways for obesity and other metabolic health disorders, will host a virtual KOL event, titled “Expert Panel on Peripheral CB1 Inhibition as a Mechanism for Weight Loss,” on Thursday, September 4 th at 8:00 AM ET, to discuss expectations and details of upcoming topline results from the Phase 2a CBeyond™ trial of nimacimab, a first-in-class peripheral CB1 antibody for obesity.
Advanced Registration - Registration is required to participate in the webcast and can be completed by clicking here . The presentation and a replay of the call will also be available on the Company’s website .
KOL Event Highlights - The event will feature distinguished obesity key opinion leaders and will cover expectations and details of the upcoming Phase 2a CBeyond™ topline results readout including:
- What constitutes success in Skye’s Phase 2a proof-of-concept study
- Mechanism and potential role of peripheral CB1 inhibition as a differentiated and complementary anti-obesity therapeutic pathway to other mechanisms of action
- Highlights of newly generated preclinical data with nimacimab
- Q&A session.
Skye’s Chief Executive Officer, Punit Dhillon commented, “This KOL event is about clarity ahead of CBeyond’s Phase 2a topline data and we are delighted to feature a discussion between management and leading clinical and scientific experts. The dialogue will serve to frame what constitutes success in this proof-of-concept study, discuss the important considerations of safety and tolerability, notably gastrointestinal outcomes, which are an important benchmark in the obesity field, and neuropsychiatric considerations that are pertinent to the CB1 class, and highlight how we will read the data against nimacimab’s target product profile. We’ll also share new preclinical insights that inform our translational view. We are not previewing clinical results, however, together, these insights will outline the potential of nimacimab to advance into Phase 2b development and shape its role within the evolving obesity treatment landscape.”
Featured KOL Speakers
Kevin Cannon, MD , is a board-certified internist who earned his medical degree and completed his residency in internal medicine at the Medical College of Virginia. He has practiced as a hospitalist for more than 25 years and has been actively engaged in clinical research for 18 years. Dr. Cannon has served as principal investigator on 50+ metabolic studies — spanning obesity, diabetes, cachexia, and sarcopenia — and has partnered with more than 10 industry sponsors over the past decade in the metabolic space. His extensive inpatient experience gives him a deep, practical understanding of the cardiovascular and systemic consequences of obesity and metabolic syndrome and drives his commitment to help develop treatments that improve long-term patient outcomes.
Sean Wharton, MD , FRCPC, PharmD , has his doctorate in pharmacy and medicine from the University of Toronto in Canada. He practices internal medicine and is the director of the Wharton Medical Clinic, a community-based weight management and diabetes clinic. He is an assistant professor at the University of Toronto and adjunct professor at McMaster and York University. He is the lead author of the 2020 Canadian Obesity Guidelines, which has been recognized around the world, and has published many peer-reviewed articles in international medical journals.
Dr. Wharton is involved in advocacy to achieve health equity in medicine.
Marcus Goncalves, MD , PhD , is an Associate Professor of Medicine and Director of Systemic Metabolism Research at NYU Langone Health. He is a physician-scientist with expertise in the systemic pathways that regulate body weight, muscle mass, and metabolism. His lab uses preclinical models and human samples to develop novel treatments for diseases like obesity, cachexia, and cancer. As a practicing endocrinologist, Dr. Goncalves regularly cares for patients with obesity, diabetes, and cancer experiencing endocrine complications, including cachexia and other metabolic diseases.
About Skye Bioscience
Skye is focused on unlocking new therapeutic pathways for metabolic health through the development of next-generation molecules that modulate G-protein coupled receptors. Skye's strategy leverages biologic targets with substantial human proof of mechanism for the development of first-in-class therapeutics with clinical and commercial differentiation. Skye is conducting a Phase 2a clinical trial ( ClinicalTrials.gov: NCT06577090 ) in obesity for nimacimab, a negative allosteric modulating antibody that peripherally inhibits CB1. This study is also assessing the combination of nimacimab and a GLP-1R agonist (Wegovy®). For more information, please visit: https://skyebioscience.com/ . Connect with us on X and LinkedIn .
CONTACTS
Investor Relations
[email protected]
(858) 410-0266
LifeSci Advisors, Mike Moyer
[email protected]
(617) 308-4306
Media Inquiries
LifeSci Communications, Michael Fitzhugh
[email protected]
(628) 234-3889
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, forward-looking statements can be identified by terminology including “anticipated,” “plans,” “goal,” “focus,” “aims,” “intends,” “believes,” “can,” “could,” “challenge,” “predictable,” “will,” “would,” “may” or the negative of these terms or other comparable terminology. Such statements and other statements in this press release that are not descriptions of historical facts are forward-looking statements that are based on management’s current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. We operate in a rapidly changing environment, and new risks emerge from time to time. As a result, it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. Risks and uncertainties that may cause actual results to differ materially include, among others, our capital resources, uncertainty regarding the results of future testing and development efforts and other risks that are described in the Company’s periodic filings with the Securities and Exchange Commission, including in the “Risk Factors” section of Skye’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Except as expressly required by law, Skye disclaims any intent or obligation to update these forward-looking statements.