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Scinai said PC111 has the potential for accelerated approval given the severity of these diseases and its non-immunosuppressive mechanism of action.To facilitate a grant application, Pincell exclusively licensed PC111 to Scinai's wholly owned Polish subsidiary, which submitted an application under the European Funds for a Modern Economy program in Poland. Scinai is seeking 12 million euros  in non-dilutive funding for PC111's development.If Scinai exercises the option to acquire Pincell, the Italian company's shareholders will be eligible for milestone payments and royalties on future net sales of PC111 in the low single digits.The financial terms of the option agreement were not disclosed.Shares of Scin","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation,merge","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4139","BK4007","SCNI"],"gpt_icon":0},{"id":"2522304467","title":"Scinai signs an option agreement to acquire rare disease company Pincell and its novel antibody for treating Severe Dermatological Conditions","url":"https://stock-news.laohu8.com/highlight/detail?id=2522304467","media":"PR Newswire","labels":["corporation","merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2522304467?lang=en_us&edition=fundamental","pubTime":"2025-03-27 21:25","pubTimestamp":1743081900,"startTime":"0","endTime":"0","summary":"Scinai files an application for Euro 12 million grant to fund next stage of development. Pincell's monoclonal antibody, PC111, is in development for treating Pemphigus, Steven Johnson's Syndrome  and Toxic Epidermal Necrolysis . PC111 has already received an Orphan Drug Designation inPemphigus by the European Medicine's Agency. An application will be filed with the FDA for Orphan Drug and Breakthrough Designation inPemphigus, as well as in SJS/TEN. Scinai sees potential for accelerated approval given the severity of these diseases, PC111's innovative, non-immunosuppressive mode of action and the lack of effective alternative treatments. Pincell has carried out a large number of in-vitro, ex-vivo and in-vivo experiments using PC111 without steroids in validated models of pemphigus, to prove that soluble FasL is a critical target in this disease. Most importantly, Pincell has demonstrated that PC111 can block blister formation without steroids in a transgenic humanized FasL mouse model o","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/scinai-signs-option-agreement-acquire-132500392.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/scinai-signs-option-agreement-acquire-132500392.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation,merge","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4077","SCNI","BK4144","TEN","BK4007","BK4139","BK4124","FENG"],"gpt_icon":0},{"id":"2517916196","title":"Scinai Immunotherapeutics announces $10M standby equity purchase agreement","url":"https://stock-news.laohu8.com/highlight/detail?id=2517916196","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517916196?lang=en_us&edition=fundamental","pubTime":"2025-03-05 20:37","pubTimestamp":1741178256,"startTime":"0","endTime":"0","summary":"Scinai Immunotherapeutics (SCNI) announced that it has entered into a Standby Equity Purchase Agreement with YA II PN, Ltd., a fund managed by York...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/scinai-immunotherapeutics-announces-10m-standby-equity-purchase-agreement?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/scinai-immunotherapeutics-announces-10m-standby-equity-purchase-agreement?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4139","BK4007","SCNI"],"gpt_icon":0},{"id":"2517916988","title":"Press Release: SCINAI IMMUNOTHERAPEUTICS ANNOUNCES $10 MILLION STANDBY EQUITY PURCHASE AGREEMENT","url":"https://stock-news.laohu8.com/highlight/detail?id=2517916988","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517916988?lang=en_us&edition=fundamental","pubTime":"2025-03-05 20:30","pubTimestamp":1741177800,"startTime":"0","endTime":"0","summary":"JERUSALEM, March 5, 2025 /PRNewswire/ -- Scinai Immunotherapeutics Ltd.  , a biopharmaceutical company focused on developing inflammation and immunology (I&I) biological products and providing CDMO services through its Scinai Bioservices business unit, announced that it has entered into a Standby Equity Purchase Agreement  with YA II PN, Ltd. , a fund managed by Yorkville Advisors Global, LP.Under the terms of the SEPA, Scinai has the right, but not the obligation, to sell up to $10 million  of its American Depository Shares , each representing 4,000 ordinary shares, to Yorkville at any time during the three-year period following the execution date of the SEPA and following the effectiveness of a registration statement filed with the Securities and Exchange Commission registering the ordinary shares represented by the ADSs issuable pursuant to the SEPA. 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