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Scilex Holding Company ( (SCLX) ) has issued an update.
Scilex Holding Company has reached an agreement with Endeavor Distribution LLC to satisfy a $10 million loan from FSF 33433 LLC by delivering a specified quantity of their ZTlido product. This agreement not only settles the debt but further strengthens Scilex’s partnership with Endeavor, which will distribute Scilex’s non-opioid pain management products across the U.S., potentially expanding their market reach. The deal underlines Scilex’s commitment to increasing access to their non-opioid treatments, a move that is expected to benefit thousands of patients suffering from acute and chronic pain.
See more insights into SCLX stock on TipRanks’ Stock Analysis page.