Semnur Pharmaceuticals and Scilex Celebrate New Business Milestone
Exciting Developments for Semnur Pharmaceuticals
Semnur Pharmaceuticals, Inc., proudly recognized as a majority-owned subsidiary of Scilex Holding Company, reaches a significant turning point in its journey. Formally completing its business combination with Denali Capital Acquisition Corp, Semnur is en route to reshape the landscape of non-opioid pain management therapies.
Trading Symbols and Future Outlook
Post-combination, Semnur’s shares of common stock and associated warrants will trade on the OTC Markets under the symbols "SMNR" and "SMNRW," respectively. This transition opens doors for enhanced visibility and capital market opportunities.
Strategic Vision from Leadership
Henry Ji, Ph.D., the Executive Chairman of Scilex, expressed enthusiasm about the new phase Semnur is entering. He emphasized the pivotal role that public capital markets will play in promoting the company’s growth while focusing on addressing patient needs in non-opioid pain management. Ji’s commitment to unlocking value for shareholders is integral to the company’s strategic focus.
Innovative Pain Management Solutions
Leading the charge for Semnur, Jaisim Shah, CEO and President, shared his vision regarding the importance of continued leadership in non-opioid therapeutic solutions. Semnur's flagship product, SP-102, is on the brink of advancing into its second Phase 3 clinical development. This gel formulation addresses moderate to severe chronic radicular pain, a condition affecting numerous individuals experiencing sciatica.
Investor Appreciation and Future Growth
Shah sincerely thanked the company's investors for their steadfast support, recognizing their trust as a foundation for Semnur's future ambitions. The company is poised for heightened market presence, aspiring to expand accessibility to innovative pain management solutions.
Scilex's Commitment to Health Innovation
Scilex is undergoing its own exciting transformation, focusing on developing and commercializing non-opioid pain management products. These products align with addressing the unmet needs of patients suffering from acute and chronic pain, as well as neurodegenerative diseases.
Notable Product Horizon
Among the remarkable offerings from Scilex is ZTlido®, a topical lidocaine product, which has garnered FDA approval for treating neuropathic pain stemming from postherpetic neuralgia. Additionally, ELYXYB® stands out as an oral solution designed for treating acute migraines, and Gloperba® provides a liquid formulation for managing gout flare-ups.
Future Developments in Pain Management
Scilex’s product pipeline includes SP-102 and its upcoming candidates, such as SP-103 and SP-104, aimed at chronic pain and fibromyalgia, respectively. The company is committed to making substantial advancements in therapeutic options available to patients facing a myriad of painful conditions.
Conclusion: A Bright Future Ahead
With its strategic moves and innovative product pipeline, Semnur Pharmaceuticals is dedicated to addressing the critical needs of patients seeking non-opioid pain management solutions. The collaboration with Scilex aligns perfectly with their mission, positioning both companies for success and growth.
Frequently Asked Questions
What is the business combination between Semnur and Denali?
The business combination involved Semnur Pharmaceuticals merging with Denali Capital Acquisition Corp, enabling enhanced opportunities for growth.
What do the ticker symbols “SMNR” and “SMNRW” represent?
These ticker symbols represent Semnur’s shares of common stock and warrants, which will be traded on the OTC Markets following the merger.
What is SP-102?
SP-102 is Semnur’s innovative non-opioid gel formulation designed for epidural administration, specifically targeting moderate to severe chronic radicular pain.
What are Scilex’s primary products?
Scilex offers several notable products, including ZTlido®, ELYXYB®, and Gloperba®, focusing on non-opioid pain management solutions.
How is Semnur planning to grow after the business combination?
Semnur aims to leverage public capital markets to accelerate growth, focusing on developing and commercializing non-opioid pain therapies.
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