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Skye Bioscience Inc
NASDAQ:SKYE

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Skye Bioscience Inc
NASDAQ:SKYE
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Price: 0.8235 USD -6.29% Market Closed
Market Cap: $27.5m

Skye Bioscience Inc
Gross Profit

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Skye Bioscience Inc
Gross Profit Peer Comparison

Skye Bioscience Inc
Glance View

Market Cap
27.5m USD
Industry
Biotechnology

Skye Bioscience, Inc. is a biopharmaceutical company, which engages in the discovery, development and commercialization of cannabinoid-based therapeutics. The company is headquartered in San Diego, California and currently employs 9 full-time employees. The company went IPO on 2014-02-24. The Company’s products programs include THCVHS and CBDVHS. The firm's lead candidate, THCVHS, is a prodrug of tetrahydrocannabinol (THC), is a topical formulation under development for the treatment of glaucoma and ocular hypertension (OHT). The company chemically modifies THC to create a unique synthetic molecule with the intent to realize the known positive effects of THC. Its molecule enables enhanced local delivery in the eye, reduced systemic side effects, and the potential for neuroprotection for the treatment of ocular diseases. CBDVHS is a proprietary analog of cannabidiol (CBD) that has demonstrated biological activity that is both pharmacologically and therapeutically distinct from CBD in various preclinical models.

SKYE Intrinsic Value
0.7958 USD
Overvaluation 3%
Intrinsic Value
Price $0.8235

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