scPharmaceuticals Inc. — Cyborg Score 5/10

Mixed
Specialty Pharmaceuticals / Drug Delivery Systems

Strategic Profile

The company's strategy is to develop therapies for subcutaneous administration that have previously been limited to intravenous (IV) delivery. MannKind Corporation has completed its acquisition of scPharmaceuticals, with scPharmaceuticals showing impressive revenue growth of 107.79% over the last twelve months.

Cyborg Score Rationale

The company demonstrated strong revenue growth of 107.79% over the last twelve months. However, scPharmaceuticals became a wholly owned subsidiary of MannKind and is being delisted from the Nasdaq Global Select Market, indicating a transition to private status post-acquisition.

Top Insights

  • MannKind Corporation completed its acquisition of scPharmaceuticals in October 2025.
  • Company maintained a healthy current ratio of 3.85, indicating strong short-term liquidity position.
  • Focus on converting IV therapies to subcutaneous delivery with FUROSCIX as lead commercial product.
  • The acquisition reflected a 36% premium to scPharmaceuticals' 90-day volume-weighted average price.

Named Competitors

  • Subcutaneous Delivery Devices — Alternative IV-to-subcutaneous conversion technologies

Recent Developments

  • (October 2025) MannKind completed acquisition of scPharmaceuticals
  • (October 2025) Stock delisted from NASDAQ Global Select Market
  • (October 2025) Form 15 filed to terminate SEC registration

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