Scynexis Inc climbs after Q4 loss narrows, beats estimates

Scynexis

31/03/2023 14:02

** Shares of Scynexis Inc  SCYX.O  rise 3.7% to $3.06
premarket
    ** Co says its Q4 loss was 30 cents per share, compared with
a loss of $1.05 per share reported last year, and beat Refinitiv
estimate of 44 cents loss per share
    ** Says its revenue in Q4 jumped to $1.4 mln from $600,00
last year, and was in line with analysts' estimates 
    ** Shares of co hit their highest level since October on
Thursday after it signed an exclusive licence agreement for
fungal infection treatment with GSK Plc  GSK.L  
    ** Stock doubled this year, as of last close

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))