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Scilex partners with Biconomy to explore crypto and treasury strategies for its $1B+ digital assets.
Scilex Holding Company, a California-based pharmaceutical firm focused on non-opioid pain and chronic disease treatments, announced on September 24, 2025, a non-binding Memorandum of Understanding with Biconomy.com to explore cryptocurrency and treasury management strategies.
The collaboration aims to use Biconomy’s platform for global trading of Scilex’s digital assets, potentially including Bitcoin and Ethereum, with assets valued at over a billion dollars.
The partnership will also develop a secure, compliant, and yield-oriented treasury strategy and leverage Biconomy’s technology to access financial data for monetizing digital assets.
Scilex markets ZTlido for neuropathic pain, ELYXYB for migraines, and Gloperba for gout prevention, with several product candidates in clinical development, including SP-102 for sciatica and SP-103 for acute pain, some with FDA Fast Track designation.
The MOU does not guarantee any specific outcomes.
Scilex se asocia con Biconomy para explorar estrategias criptográficas y de tesorería para sus activos digitales de más de $ 1B.