Skye Bioscience Inc. is a biotechnology company focused on the development of innovative therapeutics derived from cannabis
The company leverages its expertise in cannabinoid research to create new treatment options targeting various medical conditions, with a particular emphasis on addressing unmet needs in the fields of pain management and ocular diseases. By harnessing the potential of cannabinoid compounds, Skye aims to enhance patients' quality of life through breakthrough therapies that utilize natural plant-based ingredients. The company's mission revolves around advancing scientific understanding and unlocking the therapeutic benefits of cannabis to improve health outcomes.
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Skye Bioscience is developing a peripheral restricted CB1 antibody to treat obesity by restoring leptin sensitivity and increasing fat metabolism, while avoiding the CB1-induced THC/neuro side effects. This has significant potential.
Novo Nordisk announced positive Phase 2a trial results for monlunabant, showing significant weight loss with a 10 mg dose. However, investors reacted to limited gains at higher doses. Corbus Pharmaceuticals and Skye Bioscience stocks dropped as all three companies explore CB1 inhibition in obesity treatment.
