Scilex and IPMC Announce Joint Venture to Develop Treatment for Obesity and Alzheimer's

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Scilex Holding

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Scilex Holding Company (NASDAQ:SCLX, "Scilex" or "Company"))) and IPMC Company, a representative company of the Bio Innovation Consortium ("BOIC"), which holds the exclusive rights to NeuroBiogen Company's ("NB") KDS2010 global license, today announced a binding term sheet to create a commercial joint venture, Scilex Bio, to develop and commercialize a next-generation reversible MAO-B Inhibitor, a novel inhibitor of aberrant GABA production in reactive astrocytes for the treatment of obesity and neurodegenerative diseases including Alzheimer's disease.

IPMC, a private biopharmaceutical company, represents the BOIC, an innovative consortium committed to establishing 'Open Innovation' as a transformative paradigm in biohealth research, development, and commercialization.

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