JERSEY CITY, N.J., Aug. 08, 2016 (GLOBE NEWSWIRE) -- Drug development company SCYNEXIS, Inc. (Nasdaq:SCYX), a pharmaceutical company developing novel anti-infectives, today reported financial results for the quarter ended June 30, 2016, and provided an update on recent operational and clinical developments.
“We made significant progress during the second quarter of 2016, achieving our stated clinical and financial goals and further advancing our lead product candidate SCY-078, a novel triterpenoid and structurally distinct glucan synthase inhibitor,” said Marco Taglietti, M.D., President and Chief Executive Officer of SCYNEXIS. “We reported positive top-line results from our proof-of-concept Phase 2 study of SCY-078 in patients with acute vulvovaginal candidiasis, and these results were further validated in August 2016 by the positive findings from our Phase 2 study in patients with invasive candidiasis. Both announcements represent major milestones for the Company, confirming the clinical antifungal activity of oral SCY-078 in patients with Candida infections. Our development path forward is clear, and we believe SCY-078, as a new class, has the potential to be a transformative antifungal therapy, addressing urgent medical needs, particularly as resistance to current therapies is rapidly growing.”
“We made significant progress during the second quarter of 2016, achieving our stated clinical and financial goals and further advancing our lead product candidate SCY-078, a novel triterpenoid and structurally distinct glucan synthase inhibitor,” said Marco Taglietti, M.D., President and Chief Executive Officer of SCYNEXIS. “We reported positive top-line results from our proof-of-concept Phase 2 study of SCY-078 in patients with acute vulvovaginal candidiasis, and these results were further validated in August 2016 by the positive findings from our Phase 2 study in patients with invasive candidiasis. Both announcements represent major milestones for the Company, confirming the clinical antifungal activity of oral SCY-078 in patients with Candida infections. Our development path forward is clear, and we believe SCY-078, as a new class, has the potential to be a transformative antifungal therapy, addressing urgent medical needs, particularly as resistance to current therapies is rapidly growing.”
