En + Cy reports on 2026 milestones and Nasdaq compliance
The company completed the Cy Biopharma acquisition for $31 million net cash and met stockholders' equity requirements, securing a bid-price extension until February 2027.
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Clinical-stage biotechnology company developing neuroplastogens for complex pain
ensysce.comLast updated
In short: Ensysce completed its $31 million net-cash Cy Biopharma acquisition and submitted CY200’s Phase 2a CRPS protocol.
The company completed the Cy Biopharma acquisition for $31 million net cash and met stockholders' equity requirements, securing a bid-price extension until February 2027.
The $21 million acquisition financing meets equity thresholds. Management also received a second 180-day extension for share pricing requirements while advancing new clinical programs.
The company integrates teams while maintaining its financial runway through late 2027, contingent on meeting clinical milestones that could extend funding.
The deal adds a neuroplastogenic CRPS therapy with FDA orphan designation, $21.5M private placement, $17.1M Cy cash, and up to $38.6M on milestone.
In September 2026, Ensysce submitted a protocol for a Phase 2a study of CY200 for Complex Regional Pain Syndrome (CRPS) to the UK Medicines and...
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