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SCILEX Pharmaceuticals, Inc.
Drug Names(s): lidocaine patch 1.8%
Description: ZTlido (lidocaine patch 1.8%), is a next-generation branded lidocaine patch formulation.
Scintilla and Scilex
In August 2016, Scintilla Pharmaceuticals, a subsidiary of Sorrento Therapeutics, has entered into a binding term sheet to acquire SCILEX Pharmaceuticals. The acquisition is contingent upon completion of each parties' due diligence and other customary closing conditions. In consideration for the acquisition, SCILEX equity holders will receive up to $70 million in stock of Scintilla, following the next equity financing of Scintilla.
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