Welcome to our dedicated page for Anebulo Pharmaceuticals news (Ticker: ANEB), a resource for investors and traders seeking the latest updates and insights on Anebulo Pharmaceuticals stock.
Anebulo Pharmaceuticals Inc (ANEB) is a clinical-stage biotechnology company advancing ANEB-001, a novel treatment for acute cannabinoid intoxication. This page provides investors and medical professionals with essential updates on clinical trials, regulatory milestones, and corporate developments.
Key resources include press releases on Phase 2/3 results, partnership announcements with research institutions, and financial disclosures. Our curated news collection helps stakeholders track progress in addressing cannabinoid-related emergencies through targeted therapeutic interventions.
Regular updates cover: FDA communications, peer-reviewed study publications, intellectual property developments, and conference presentations. Bookmark this page to monitor ANEB's pioneering work in reversing cannabis overdose symptoms through rapid-acting pharmacological solutions.
Anebulo Pharmaceuticals (Nasdaq: ANEB) reported financial results for Q3 fiscal year 2024 and provided updates on its development projects.
Key focus is on the IV formulation of selonabant for unintentional cannabis poisoning in children, driven by a growing medical need and upcoming DEA reclassification of marijuana. The company's operating expenses dropped to $1.7 million from $2.9 million year-over-year. Net loss decreased to $1.7 million, or $(0.06) per share, from $2.8 million, or $(0.11) per share. As of March 31, 2024, the company holds $5.1 million in cash and cash equivalents.
Anebulo Pharmaceuticals announced positive results from its Phase 2 clinical trial of ANEB-001, aimed at treating acute cannabinoid intoxication (ACI). The trial, involving 134 healthy subjects, showed that a 10 mg dose of ANEB-001 significantly reduced THC-induced effects, improving metrics such as 'feeling high' (p=<0.0001) and alertness (p=0.0042). ANEB-001 was well tolerated with no serious adverse events reported. Anebulo plans to request an End of Phase 2A meeting with the FDA by mid-2023 to discuss the results and potential next steps for development.
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