Skye Bioscience, Inc. SKYE

Combined company to trade on Nasdaq and operate as Fibrx Therapeutics, a fibrosis-focused company led by the Redx management team and boardCompany’s lead program will be RXC008, Redx’s GI-restricted pan-ROCK inhibitor for the treatment of fibrostenotic Crohn’s disease, with an open U.S. IND, FDA Fast Track designation, and a planned Phase 2 clinical studyConcurrent aggregate financings of approximately $125 million committed by a syndicate of new and existing leading healthcare institutional inv