Ensysce Biosciences Inc Stock Price, News & Analysis

Ensysce Biosciences, Inc. (NASDAQ:ENSC) announced that CEO Dr. Lynn Kirkpatrick will speak at a webinar titled ‘Strategies for Achieving Regulatory Milestones Faster’ on April 19, 2023, at 11:30 am ET. The webinar will highlight the integration of Quotient Sciences in developing PF614-MPAR, a novel opioid therapeutic for chronic pain designed to minimize abuse and overdose risks. Dr. Kirkpatrick will address the potential impact of MPAR on future pain management and share insights on Ensysce's collaboration with Quotient. Ensysce is committed to developing safer prescription drugs through innovative technologies like TAAP and MPAR, which are underpinned by substantial intellectual property protections.

Ensysce Biosciences, a clinical-stage biotech company focused on enhancing drug safety, announced the availability of an updated investor presentation on its website.

The company will host a corporate update conference call today, April 11, 2023, at 11:00 AM ET. Investors can dial in using the provided numbers and access a webcast link. A playback option will be available until May 9, 2023.

Ensysce employs proprietary technologies like TAAP and MPAR to develop tamper-proof medications aimed at reducing drug abuse risks.

Forward-looking statements indicate uncertainties in clinical success and regulatory approvals, emphasizing risks in ongoing trials and potential financial constraints.

Ensysce Biosciences (NASDAQ:ENSC) has announced positive results from a study evaluating the oral human abuse potential of its drug PF614. The study demonstrated that PF614 had significantly lower 'Drug Liking' scores compared to oxycodone at various doses, indicating reduced abuse potential. Key endpoints were met, showing PF614's lower scores at p<0.0001 and p=0.0025 for 'Overall Drug Liking'. This success paves the way for discussions with the FDA to initiate phase 3 trials. CEO Lynn Kirkpatrick expressed confidence in PF614's ability to address severe pain while minimizing abuse risks.

Ensysce Biosciences, Inc. (NASDAQ: ENSC) reported its 2022 financial results, highlighting significant clinical advancements in its PF614 and PF614-MPAR drug products aimed at improving prescription drug safety. The cash position decreased to $3.1 million by year-end, down from $12.3 million in 2021. Research and development expenses surged to $19.8 million for 2022 from $4.7 million the prior year, as Ensysce progressed towards Phase 3 trials. The net loss narrowed to $24.2 million from the previous year's $29.1 million, reflecting ongoing efforts to obtain regulatory approvals. A corporate update call is scheduled for April 11, 2023.

Ensysce Biosciences (NASDAQ:ENSC) has completed enrollment in the final stage of its Phase 1 clinical study for PF614-MPAR, an innovative opioid overdose protection product. The study aims to assess the safety and effectiveness of PF614-MPAR, designed to combat prescription drug abuse and accidental overdose. Initial findings indicate an exceptional safety profile with limited adverse events at various dose levels. The product combines PF614 with nafamostat, providing pain relief while reducing overdose risk. Data from this trial is expected in Q2 2023, potentially marking a significant advancement in pain management solutions.

Ensysce Biosciences announced Dr. Lynn Kirkpatrick's participation as a speaker at a seminar on March 22, 2023, in New York, highlighting the company's collaboration with Quotient Sciences. The seminar, part of DCAT Week, will showcase how the partnership has accelerated the development of Ensysce's overdose protection program, PF614-MPAR, which aims to combat opioid abuse. This unique platform integrates both abuse deterrence and overdose protection, potentially saving lives. The integration is facilitated by Quotient's Translational Pharmaceutics program, allowing real-time drug product evaluation.