Scilex Holding Company Adjusts Dividend Record Date Announcement
Scilex Holding Company Shares Important Update on Dividend Record Date
PALO ALTO, Calif. — Scilex Holding Company (NASDAQ: SCLX) is making noteworthy adjustments to its previously announced record date regarding dividend payments of preferred stock. The innovative company focuses on providing non-opioid pain management solutions for acute, chronic, and neurodegenerative conditions.
Details of the Dividend Announcement
Initially set for May 2, 2025, the record date has now been deferred. These changes are in the Board's sole discretion, reflecting their ongoing evaluation and responsiveness to internal assessments. The revised date is not yet determined, giving the Board flexibility as they navigate the timing of the Dividend.
Innovative Solutions at Scilex Holding Company
Scilex Holding Company is dedicated to developing and commercializing advanced non-opioid therapies aimed at enhancing the quality of life for patients suffering from persistent pain. Their commitment to these innovative solutions aligns with industry trends that seek to minimize reliance on opioid medications.
About Scilex's Product Offerings
Among Scilex's primary products is ZTlido®, a lidocaine-based topical system specifically formulated for neuropathic pain relief. ZTlido® has received FDA approval, underscoring Scilex's dedication to providing effective therapeutic options without the risks associated with opioid treatments. Additionally, ELYXYB® represents another significant advancement as it stands as the only ready-to-use oral solution for quick migraine relief, and Gloperba® is noteworthy as the first liquid oral colchicine for gout prevention.
Research and Development Focus
Scilex is also advancing several promising product candidates. SP-102, designated as SEMDEXA™, has shown potential in addressing lumbosacral radicular pain. Recently, the product received Fast Track designation from the FDA after completing Phase 3 studies. Similarly, SP-103, a next-generation version of ZTlido, has undergone clinical trials for acute low back pain and is similarly poised for market readiness.
Commitment to Patient Welfare
The company remains focused on high unmet needs in pain management, continuously working toward innovative solutions that prioritize patient welfare. Understanding that chronic pain significantly affects individuals' everyday lives, Scilex dedicates resources to enhance treatment accessibility and effectiveness.
About Semnur Pharmaceuticals
As a wholly-owned subsidiary of Scilex, Semnur Pharmaceuticals is devoted to developing non-opioid pain therapies. One of their key offerings is SP-102, developed for patients experiencing chronic radicular pain, demonstrating both the company’s commitment and expertise in the pain management sector.
Corporate Information and Investor Relations
For those looking to engage further with Scilex Holding Company, investor relations can be accessed via their official website. The transparency and commitment to stakeholder communication play a vital role in the company's operational ethos.
Scilex Holdings Company remains dedicated to pushing the boundaries of effective, non-opioid pain management solutions, and investors can anticipate future updates regarding both their dividend plans and product developments.
Frequently Asked Questions
What has changed regarding Scilex Holding Company's dividend announcement?
The company has deferred the record date for its preferred stock dividend from May 2, 2025, to a future date that the Board will determine.
Why is Scilex focusing on non-opioid pain management solutions?
Scilex aims to address the pressing need for effective pain management therapies that minimize reliance on opioids, which can pose significant risks to patients.
What are the key products from Scilex Holding Company?
Major products include ZTlido®, ELYXYB®, and Gloperba®, each targeting specific pain management needs.
What is the significance of the FDA's Fast Track status?
Fast Track status can help expedite the development and review process for promising treatments, such as Scilex's SP-102 and SP-103.
How can investors stay updated on Scilex's activities?
Investors can visit the official Scilex website or contact their investor relations team for the latest updates and information.
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