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Scinai Immunotherapeutics expands CDMO platform with Recipharm Israel acquisition, reports Q1 2026 financials.

Company Fundamentals
10 Jun 2026
PRNewsWire
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Bullish
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Scinai Immunotherapeutics completed the acquisition of Recipharm Israel, adding a second manufacturing site and expanding its CDMO platform. The company reported Q1 2026 revenues of $489K, with an operating loss of $2.5 million but a net income of $3.6 million due to a $6.2 million non-cash gain from the acquisition. Scinai is focusing on growing its CDMO business, securing non-dilutive funding, and advancing its therapeutic programs, including PC111 and the NanoAb platform. The acquisition enhances operational capabilities and commercial reach, positioning Scinai for diversified revenue streams and long-term growth.

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