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) announced its participation at the 6th Annual Neuroscience Innovation Forum and Biotech Showcase during the 41st Annual J.P. Morgan Health Care Conference in San Francisco from January 9-12, 2023. Dr. Joseph Tucker, CEO, will present the company's advancements in therapeutics addressing anxiety, depression, and addiction disorders. The Neuroscience Forum presentation is scheduled for January 8 at 1:30 PM PT, while the Biotech Showcase will take place on January 10 at 10:00 AM PT. Enveric leverages its unique Psybrary™ platform to develop innovative small-molecule therapeutics.
Enveric Biosciences (NASDAQ: ENVB) announced the confidential submission of a Form S-1 draft registration statement to the SEC for a spin-off of its cannabinoid pipeline into a subsidiary named Akos Biosciences. The spin-off aims to enhance strategic focus and unlock potential value, allowing each entity to raise capital independently. Shareholders will own a majority of Akos post-separation, which is expected to list on Nasdaq in the first half of 2023. The dividend will be taxable for U.S. federal income purposes.
Enveric Biosciences (NASDAQ: ENVB), a biotech firm focused on developing small-molecule therapeutics for anxiety, depression, and addiction, announced the participation of President & COO Avani Kanubaddi in A.G.P.’s Virtual Biotech Conference from November 30 to December 1, 2022. This conference aims to connect Enveric's management with investors and stakeholders. Interested parties can schedule one-on-one meetings by contacting A.G.P. or KCSA Strategic Communications. For more details, visit www.enveric.com.
Enveric Biosciences (NASDAQ: ENVB), a biotechnology firm focused on developing innovative therapeutics for anxiety, depression, and addiction, announces CEO Dr. Joseph Tucker's participation in the Wonderland conference in Miami, FL, from November 3-5, 2022. Dr. Tucker will speak on the panel entitled Synthetic vs Natural Debate on November 5 at 12:00 p.m. ET. Interested parties can schedule one-on-one meetings with Enveric's management by contacting KCSA Strategic Communications.
Enveric Biosciences (NASDAQ: ENVB) has announced the nomination of EB-373 as the lead candidate from its EVM201 program, targeting anxiety disorders. This milestone coincides with preclinical data presented at the International Neurology & Brain Disorders Conference. EB-373 is set to advance through key preclinical studies aimed at filing an IND application with the FDA in late 2023. The company also disclosed the discontinuation of the first-generation EVM101 program due to promising results from its newer drug candidates.
Enveric Biosciences (NASDAQ: ENVB) announced the presentation of its lead programs' results at the 6th International Neurology & Brain Disorders Conference in Orlando, Florida, from October 24-26, 2022. The poster presentations will showcase innovative drug candidates for anxiety, depression, and addiction disorders, highlighting EVM201's novel psilocin prodrugs and EVM301's methods for future drug candidate discovery. Dr. Peter Facchini expressed optimism about advancing their drug discovery program aimed at enhancing mental health treatments.
Enveric Biosciences (NASDAQ: ENVB) announced participation in the H.C. Wainwright 24th Annual Global Investment Conference in New York City on September 12-14, 2022. President & COO Avani Kanubaddi will present on September 14 at 2:00 p.m. ET. Attendees can register here. Enveric focuses on developing innovative psychedelic-inspired medicines for mental health.
Enveric Biosciences (NASDAQ: ENVB) has appointed three experienced leaders to its Board of Directors: Michael D. Webb, Bevin O’Neil, and Frank Pasqualone. These new board members bring decades of expertise in healthcare, business operations, and global market dynamics. Dr. Joseph Tucker, CEO, expressed enthusiasm for their contributions at this pivotal time for the company, which is focused on developing psychedelic-inspired mental health medicines.
Enveric Biosciences, Inc. (NASDAQ: ENVB) has completed a registered direct offering of 375,000 shares of common stock, raising approximately $8 million before expenses. Additionally, a private placement was conducted for 625,000 shares under similar terms. The offerings included preferred investment options that allow the purchase of an equal number of shares at an exercise price of $7.78. Proceeds will support working capital and corporate purposes. The company has also amended existing warrants to reduce their exercise price to $7.78 from $27.50.
Enveric Biosciences (NASDAQ: ENVB) has entered into definitive agreements for the purchase of 1,000,000 shares of its common stock through a registered direct offering and private placement, priced at $8.00 per share. The total expected gross proceeds from these offerings are approximately $8 million, intended for working capital and corporate purposes. Additionally, existing warrants will be amended to reduce their exercise price to $7.78 per share. The closing is anticipated around July 26, 2022, subject to customary conditions.
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