Ensysce Biosciences Completes Cy Biopharma Acquisition and Secures Up to $77 Million Private Financing
Ensysce Biosciences (NASDAQ:ENSC) completed its acquisition of Cy Biopharma, adding clinical-stage pain drug CY200 for Complex Regional Pain Syndrome with FDA Orphan Drug Designation. Ensysce secured up to $77 million via cash contribution, private placement, and milestone funding. Cy Biopharma shareholders are expected to own about 74.94% after preferred conversion.



