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Scilex Holding Company (SCLX) stock surged +25.26%, trading at $0.30 on NASDAQ, up from the previous close of $0.24. The stock opened at $0.24, fluctuating between $0.24 and $0.33 in the recent session.
Scilex Holding Company, a biopharmaceutical company, focuses on developing and commercializing non-opioid management products for the treatment of acute and chronic pain. Its commercial product is ZTlido 1.8%, a prescription lidocaine topical product for the relief of neuropathic pain related with post-herpetic neuralgia, which is a form of post-shingles nerve pain. It also offers SP-102, a viscous gel formulation of corticosteroid for epidural injections that is in a Phase III clinical trial to treat lumbosacral radicular pain; SP-103, which is in Phase II clinical trail for the treatment of low back pain; and SP-104, a novel low-dose delayed-release naltrexone hydrochloride formulation that has completed Phase I clinical trial for the treatment of fibromyalgia. The company is headquartered in Palo Alto, California. Scilex Holding Company is a subsidiary of Sorrento Therapeutics, Inc.
Employees | 117 |
Beta | 1.16 |
Sales or Revenue | $46.74M |
5Y Sales Change% | 1.407% |
Fiscal Year Ends | December |
Sector | Healthcare |
Industry | Drug Manufacturers - General |