Enveric Biosciences Appoints Dr. Marcus Schabacker to Board of Directors

Rhea-AI Summary

Enveric Biosciences (NASDAQ: ENVB) has appointed Dr. Marcus Schabacker to its Board of Directors on January 5, 2021. Dr. Schabacker, possessing over 35 years of healthcare experience, is recognized for his work at ECRI Institute and Baxter Healthcare. His expertise aligns with Enveric's mission to develop cannabinoid medicines aimed at improving the quality of life for cancer patients, particularly focusing on treating side effects from cancer therapies. The company aims to leverage Dr. Schabacker's insights to enhance its research and development efforts.

Positive

• Appointment of Dr. Marcus Schabacker brings over 35 years of healthcare experience.
• Aligns with Enveric's mission to improve patient care, particularly for cancer patients.
• Expected to enhance research and development of cannabinoid medicines.

Negative

• Concerns about continuity and experience gaps with the new board member.

NAPLES, Fla., Jan. 5, 2021 /PRNewswire/ -- Enveric Biosciences, Inc. (NASDAQ: ENVB) ("Enveric" or the "Company"), a patient-first biotechnology company developing novel cannabinoid medicines to improve quality of life for cancer patients, announced today that it has appointed Marcus Schabacker, M.D., Ph.D., to the Company's Board of Directors.

"Dr. Schabacker's significant medical, corporate and board experience over the years make him a perfect fit to join Enveric at this pivotal moment for our Company," said David Johnson, Chairman and CEO, Enveric Biosciences. "Providing the best and safest patient care has always been at the forefront of Dr. Schabacker's work – aligning squarely with Enveric's mission – and we look forward to leveraging his knowledge and insights as we continue our research and develop natural compounds, including cannabinoids, to provide treatments for unmet medical needs."

With more than 35 years of healthcare experience, Dr. Schabacker currently serves as President and CEO at the ECRI Institute, a nonprofit organization focused on advancing effective, evidence-based healthcare globally. Prior to joining ECRI, Dr. Schabacker worked at Baxter Healthcare Corporation, serving in various roles including Corporate Vice President and Chief Scientific Officer; Chairman of the Executive Quality Council; Chief Scientific Officer, Medical Products; and Vice President, R&D, Medical Products.

For over a decade, Dr. Schabacker has served on numerous boards of both small- and mid-sized companies, providing organizations with strategic guidance for accelerating growth and building successful, sustainable management teams. He is also a board-certified anesthesiologist and intensive care specialist.

"Over the course of my career, and still to this day, patients' needs remain my top priority," added Dr. Schabacker. "The team at Enveric Biosciences lives by this principle, as well, which is why I could not pass up the opportunity to join its Board of Directors. As the Company advances its pipeline of innovative, naturally occurring compounds in partnership with leading clinics, I look forward to working closely with Enveric to help bring these treatments to patients in need, especially those suffering from cancer treatments' debilitating side effects."

About Enveric Biosciences
Enveric Biosciences is a patient-first biotechnology company developing rigorously tested, novel cannabinoid medicines to improve quality of life for cancer patients. Initial indications include radiodermatitis, a common and often severe side effect of radiation therapy, and chemotherapy-induced neuropathy. For more information, please visit https://www.enveric.com/.

Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as "plans", " expects" or "does not expect", "proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the Amalgamation will be consummated or that the parties other plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Investor Contacts
Valter Pinto / Allison Soss
KCSA Strategic Communications
212.896.1254 / 212.896.1267
EnvericBio@kcsa.com 

Media Contacts
Caitlin Kasunich / Raquel Cona
KCSA Strategic Communications
212.896.1241 / 516.779.2630
EnvericBio@kcsa.com 

 

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SOURCE Enveric Biosciences

FAQ

What is the significance of Dr. Marcus Schabacker's appointment to Enveric Biosciences?

Dr. Schabacker's appointment is significant due to his extensive healthcare experience, which may strengthen Enveric's strategic direction and research efforts in cannabinoid medicines.

How does Dr. Schabacker's background benefit Enveric Biosciences?

His background in effective, evidence-based healthcare is expected to complement Enveric's mission, particularly in developing treatments for cancer-related side effects.

When was Dr. Marcus Schabacker appointed to the Board of Directors of Enveric Biosciences?

Dr. Marcus Schabacker was appointed to the Board of Directors on January 5, 2021.

What role does Enveric Biosciences focus on regarding cancer treatment?

Enveric Biosciences focuses on developing cannabinoid medicines to improve the quality of life for cancer patients, particularly targeting the side effects of radiation therapy and chemotherapy.

What is the stock symbol for Enveric Biosciences?

The stock symbol for Enveric Biosciences is ENVB.