Scinai Immunotherapeutics Secures $1.38M Funding as CDMO Business Accelerates Toward $2M Revenue Target
- Scinai Immunotherapeutics raised $1.38 million through its Standby Equity Purchase Agreement with Yorkville Advisors to strengthen its balance sheet and advance both CDMO growth and R&D programs.
- The company's CDMO business showed rapid growth in Q1 2025, nearly matching full-year 2024 revenues in just the first quarter, with 2025 revenue guidance set at approximately $2 million.
- Scinai implemented cost-reduction measures expected to lower annual employment-related expenses by $815,000 while preserving core scientific talent for its dual-focus strategy.
- The company anticipates its CDMO unit will reach breakeven by end of 2026, with long-term revenue potential of $12 million annually under a single production shift.