Welcome to our dedicated page for Enveric Biosciences news (Ticker: ENVB), a resource for investors and traders seeking the latest updates and insights on Enveric Biosciences stock.
Enveric Biosciences, Inc. (ENVB) is a pioneering biotechnology company committed to the development of innovative neuroplastogenic small-molecule therapeutics aimed at treating mental health conditions such as depression, anxiety, and addiction disorders. Headquartered in the United States, Enveric is at the forefront of mental health research, with a focus on non-hallucinogenic solutions.
The company's flagship program, EB-003, represents a novel approach to tackling challenging mental health disorders. Unlike traditional treatments, EB-003 promotes neuroplasticity without causing hallucinations, providing a safer and potentially more effective option for patients.
Another key project in Enveric's pipeline is EB-002, previously known as EB-373. This next-generation synthetic prodrug of psilocin is being developed to offer new hope in the treatment of psychiatric disorders. With an emphasis on rigorous scientific research and clinical trials, Enveric strives to deliver breakthrough therapies that can significantly improve patients' quality of life.
Enveric's strategic vision includes forming partnerships and collaborations to enhance its research capabilities and accelerate the development of its therapeutic programs. Highlighting its commitment to innovation, the company is also investing in cutting-edge technologies such as artificial intelligence (AI) to further its research and development efforts.
Financially, Enveric Biosciences has been transparent about its funding efforts, ensuring that it maintains a robust financial foundation to support its research initiatives. With a strong commitment to ethical practices and patient-centric solutions, Enveric is emerging as a key player in the biotech sector, focused on addressing some of the most pressing mental health challenges of our time.
Enveric Biosciences (NASDAQ: ENVB), a biotechnology company focused on cannabinoid medicines for cancer patients, announced the appointment of Carter Ward as Chief Financial Officer effective May 15, 2021. He replaces John Van Buiten, who will continue in a consulting role. Mr. Ward brings over 30 years of experience in life sciences and capital markets. His prior role was CFO at Elite Pharmaceuticals, where he led successful capital raises and financial initiatives. Enveric has made strategic progress since going public in late December 2020.
Enveric Biosciences (NASDAQ: ENVB) reported its financial results for the year ending December 31, 2020, alongside updates on its 2021 progress. The company secured approximately $22.8 million in gross proceeds through two direct offerings, enabling accelerated research on cannabinoid therapies for cancer patients. Enveric acquired exclusive licenses for five molecules targeting pain and dermatology and entered a collaboration with PureForm. They aim to initiate pivotal clinical trials in supportive care markets, including glioblastoma and radiation dermatitis, in 2021.
Enveric Biosciences (NASDAQ: ENVB) announced the appointment of Dr. Douglas D. Lind to its board of directors on March 18, 2021. Dr. Lind brings over 30 years of experience in healthcare and finance, having worked as a physician and a senior equity research analyst. He co-founded Biomark Capital, focusing on ventures in oncology and medical imaging. CEO Dave Johnson expressed confidence that Dr. Lind's diverse background will contribute significantly to enhancing treatment options for cancer patients, especially in managing side effects from therapies.
Enveric Biosciences (NASDAQ:ENVB), a biotechnology firm focused on cannabinoid medicines for cancer patients, discussed its recent acquisition of an exclusive license from Diverse Biotech in a video interview with CEO David Johnson. This strategic move aims to develop new treatments for conditions like radiodermatitis and chemotherapy-induced neuropathy. Enveric is dedicated to improving patient quality of life through rigorously tested innovations. The company continues to highlight its commitment to the cancer patient community through these advancements.
Diverse Biotech has finalized a strategic transaction with Enveric Biosciences, granting exclusive global rights to develop and commercialize five novel compounds targeting adverse side effects from cancer treatments. The deal includes an undisclosed upfront payment and future royalties on sales. Diverse Biotech utilizes a sophisticated drug discovery platform, leveraging cannabinoids to create new drug candidates that may offer enhanced efficacy and reduced side effects compared to current therapies. This collaboration aims to expedite the availability of these treatments for oncology patients.
Enveric Biosciences (NASDAQ: ENVB) announced that CEO David Johnson will speak at two virtual investor conferences in March 2021. The first is the M Vest and Maxim Group Emerging Growth Conference on March 18, 2021, and the second is the Benzinga Biotech Small Cap Conference on March 25, 2021, where he will present at 12:30 p.m. ET and participate in a panel discussion at 11:40 a.m. ET. The company focuses on developing cannabinoid medicines aimed at improving cancer patients' quality of life, addressing conditions like radiodermatitis and chemotherapy-induced neuropathy.
Enveric Biosciences (NASDAQ: ENVB) has acquired an exclusive, perpetual license from Diverse Biotech to develop cannabinoid medicines aimed at improving the quality of life for cancer patients. The agreement involves five new drug molecules, enhancing Enveric's pipeline with four dermatology-focused and one pain-focused compound. This partnership is expected to leverage Diverse Biotech's patented drug delivery platform to combine CBD with existing treatments, targeting side effects of cancer therapies. Enveric aims to address unmet medical needs and expand its intellectual property portfolio.
Enveric Biosciences (NASDAQ: ENVB) has announced a strategic development collaboration and exclusive supply agreement with PureForm Global, Inc. This partnership aims to develop cannabinoid medicines that alleviate treatment side effects for cancer patients. PureForm will be Enveric's exclusive supplier of synthetic, non-cannabis-based CBD, with plans targeting conditions like radiodermatitis and chemotherapy-induced neuropathy. The agreement ensures a consistent supply of high-quality CBD for clinical studies and emphasizes rigorous scientific research to enhance treatment options for patients.
Enveric Biosciences, Inc. (NASDAQ: ENVB) announced the completion of its registered direct offering on February 11, 2021, selling 3,007,026 shares at $4.27 each, raising approximately $12.84 million. After fees, the net proceeds are about $11.5 million, which will be used for working capital and corporate purposes. Investors received warrants for an additional 1,503,513 shares at $4.90 each. The offering was made under existing SEC registration statements.
Enveric Biosciences Inc. (NASDAQ: ENVB) announced a registered direct offering of 3,007,026 shares at $4.27 each, totaling approximately $12.84 million in gross proceeds. The company will also issue unregistered warrants to acquire an additional 1,503,513 shares at $4.90 each. The offering, expected to close on February 11, 2021, aims to fund working capital and general corporate purposes. After the offering, Enveric will have 18,336,367 shares outstanding.
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