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Industry publications framed the event in stark terms, with one headline reading, Skye Bioscience stock plummets after failed weight loss drug trial. SEC Filings & Risk Factors Skye's 2024 10-K (March 20, 2025) disclosed standard biotech perils: "Clinical trials may fail to demonstrate safety and efficacy," with specifics on nimacimab's Phase 2 uncertainties, including "potential for suboptimal dosing" and "failure to meet endpoints." Yet plaintiffs argue these were boilerplate, omitting known gaps in preclinical-to-clinical translation