Ensysce Biosciences completes Cy Biopharma acquisition

Reuters2026/08/06 12:12

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Ensysce completed the acquisition of privately held Cy Biopharma, adding clinical-stage neuroplastogenic candidate CY200 for complex regional pain syndrome.
CY200 holds U.S. FDA Orphan Drug Designation for CRPS, with funding aimed at Phase 2 topline data and registrational preparation.
Transaction brought in USD 17.1 million of Cy Biopharma cash from a pre-acquisition convertible note financing.
Concurrent private placement of Series C non-voting convertible preferred stock targets USD 21.5 million gross at initial close.
Financing includes up to a USD 38.6 million follow-on tranche tied to a clinical trial milestone, expected to fund development into 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ensysce Biosciences Inc. published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Ensysce Biosciences completes Cy Biopharma acquisition

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