Press release
Investigation announced for Investors who lost money with shares of Skye Bioscience, Inc. (NASDAQ: SKYE)
An investigation for investors in Skye Bioscience, Inc. (NASDAQ: SKYE) shares over potential securities laws violations.
Investors who purchased shares of Skye Bioscience, Inc. (NASDAQ: SKYE), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Skye Bioscience, Inc. (NASDAQ: SKYE) concerning whether a series of statements by Skye Bioscience, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On June 10, 2024, Skye Bioscience, Inc. announced "that its Phase 2a clinical trial of SBI-100 Ophthalmic Emulsion ("OE") in patients with primary open-angle glaucoma "POAG") or ocular hypertension ("OHT") did not meet its primary endpoint for lowering intraocular pressure ("IOP"). Skye intends to discontinue clinical development and spending related to SBI-100 OE and any R&D associated with SBI-100, including its ophthalmology pipeline, and direct all clinical development resources to its metabolic program, extending its operating runway into 2027."
Shares of Skye Bioscience, Inc. (NASDAQ: SKYE) declined from $19.41 per share on March 04, 2024, to as low as $3.90 per share on August 13, 2024.
Those who purchased shares of Skye Bioscience, Inc. (NASDAQ: SKYE) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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