Scinai Immunotherapeutics (NASDAQ: SCNI) announced execution of a Second Amendment to its Binding Option Agreement for the acquisition of PinCell S.r.l. and submission of a revised application under the European Funds for the Modern Economy SMART Path program. The updated application seeks €12 million in non-dilutive, non-repayable funding to support a €15 million integrated R&D program for PC111, a fully human monoclonal antibody targeting soluble Fas Ligand for the treatment of pemphigus vulgaris and Stevens–Johnson Syndrome/Toxic Epidermal Necrolysis, representing 80% co-financing. The amendment extends the option condition deadline to Aug. 31, 2026, and the exercise period to Sept. 30, 2026, aligning with the anticipated three- to four-month grant review timeline as the Company advances PC111 toward early clinical development and human proof of concept.
To view the full press release, visit https://ibn.fm/MkzNI
About Scinai Immunotherapeutics
Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI) is a biopharmaceutical company operating a contract development and manufacturing organization (CDMO) alongside a focused immunology R&D pipeline.
The Company’s wholly owned CDMO unit provides fee-for-service development and manufacturing solutions to biotech and pharmaceutical companies across early-stage biologics and small-molecule programs. In parallel, Scinai is advancing a focused immunology pipeline, including PC111 and next-generation NanoAb-based programs, and is pursuing strategic partnerships, co-development agreements and regional licensing opportunities.
NOTE TO INVESTORS: The latest news and updates relating to SCNI are available in the company’s newsroom at https://ibn.fm/SCNI
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