Enveric Biosciences to Participate in BIO International Convention 2024

Rhea-AI Summary

Enveric Biosciences (NASDAQ: ENVB), a company focused on developing innovative neuroplastogenic small-molecule therapeutics for treating depression, anxiety, and addiction disorders, announced its participation in the 2024 BIO International Convention. The event takes place in San Diego, CA, from June 3-6, 2024. Enveric aims to engage with potential investment and development partners to explore collaborations for its promising drug candidates. CEO Joseph Tucker emphasized the significant interest from strategic partners in the pharmaceutical industry for Enveric's drug discovery assets.

Positive

• Enveric is participating in a major industry event, the 2024 BIO International Convention.
• The company seeks collaboration opportunities, which could lead to potential partnerships and investments.
• Enveric's drug candidates are attracting significant interest from strategic partners in the pharmaceutical industry.

Negative

• Specific financial or clinical data regarding the progress of drug candidates were not provided.
• No concrete details on existing partnerships or collaborations were mentioned in the PR.

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Enveric Biosciences (NASDAQ: ENVB) (“Enveric” or the “Company”), a biotechnology company dedicated to the development of novel neuroplastogenic small-molecule therapeutics for the treatment of depression, anxiety, and addiction disorders, today announced that the Company will participate in the 2024 BIO International Convention taking place in San Diego, CA from June 3 – 6, 2024.

During the conference, Enveric's management team plans to host meetings with potential investment and development partners to discuss and explore potential collaborations for the Company’s various promising drug candidates.

“We look forward to meeting with our colleagues across the industry at BIO as we continue to receive significant interest from potential strategic partners in the pharmaceutical industry for various assets produced by our drug discovery engine,” said Joseph Tucker, Ph.D., Director and Chief Executive Officer of Enveric.

About Enveric Biosciences

Enveric Biosciences (NASDAQ: ENVB) is a biotechnology company dedicated to the development of novel neuroplastogenic small-molecule therapeutics for the treatment of depression, anxiety, and addiction disorders. Leveraging its unique discovery and development platform, Psybrary™, Enveric has created a robust intellectual property portfolio of new chemical entities for specific mental health indications. Enveric’s lead program, EB-003, is a first-in-class approach to the treatment of difficult-to-address mental health disorders designed to promote neuroplasticity without inducing hallucinations in the patient. Enveric is also developing EB-002, formerly EB-373, a next generation synthetic prodrug of the active metabolite, psilocin, being studied as a treatment of psychiatric disorders. Enveric is headquartered in Naples, FL with offices in Cambridge, MA and Calgary, AB Canada. For more information, please visit 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,” “budgets,” “explores,” “scheduled,” “seeks,” “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, should, would, or might occur or be achieved. Forward-looking statements may include historical statements and statements regarding beliefs, plans, expectations, or intentions regarding the future and are based on the beliefs of management as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including, but not limited to, the ability of Enveric to: negotiate and finalize definitive agreements based on any of its out-licensing term sheets and for licensees to perform pursuant to the terms thereof; carry out successful clinical programs in Australia; achieve the value creation contemplated by technical developments; avoid delays in planned clinical trials; establish that potential products are efficacious or safe in preclinical or clinical trials; establish or maintain collaborations for the development of therapeutic candidates; obtain appropriate or necessary governmental approvals to market potential products; obtain future funding for product development and working capital on commercially reasonable terms; scale-up manufacture of product candidates; respond to changes in the size and nature of competitors; hire and retain key executives and scientists; secure and enforce legal rights related to Enveric’s products, including patent protection; identify and pursue alternative routes to capture value from its research and development pipeline assets; continue as a going concern; and manage its future growth effectively.

A discussion of these and other factors, including risks and uncertainties with respect to Enveric, is set forth in Enveric’s filings with the Securities and Exchange Commission, including Enveric’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Enveric disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240529455789/en/

Investor Relations

Tiberend Strategic Advisors, Inc.

Daniel Kontoh-Boateng

(862) 213-1398

dboateng@tiberend.com

Media Relations

Tiberend Strategic Advisors, Inc.

Casey McDonald

(646) 577-8520

cmcdonald@tiberend.com

Source: Enveric Biosciences

FAQ

What is Enveric Biosciences' stock symbol?

Enveric Biosciences is listed under the stock symbol ENVB.

When will Enveric Biosciences participate in the BIO International Convention?

Enveric Biosciences will participate in the BIO International Convention from June 3-6, 2024.

Where is the 2024 BIO International Convention taking place?

The 2024 BIO International Convention is taking place in San Diego, CA.

What is the focus of Enveric Biosciences' drug development?

Enveric Biosciences focuses on developing neuroplastogenic small-molecule therapeutics for depression, anxiety, and addiction disorders.

Who is the CEO of Enveric Biosciences?

The CEO of Enveric Biosciences is Joseph Tucker, Ph.D.

What opportunities is Enveric Biosciences seeking at the BIO International Convention?

Enveric Biosciences aims to explore collaboration opportunities with potential investment and development partners.