Anebulo Pharmaceuticals Inc Stock Price, News & Analysis

Anebulo Pharmaceuticals (NASDAQ: ANEB) reported its financial results for the quarter ending December 31, 2022. The company's operating expenses rose significantly to $3.8 million from $1.1 million in the same quarter of 2022. A net loss of $3.8 million was recorded, equating to a loss of $(0.15) per share, compared to a loss of $(0.05) per share in the prior year. The firm completed its Phase 2 trial for ANEB-001, targeting acute cannabinoid intoxication, with preliminary results showing symptom reduction. Final Phase 2 data is anticipated by the end of March 2023, followed by an EOP2A meeting with the FDA.

Anebulo Pharmaceuticals, Inc. has completed dosing in its Phase 2 clinical trial for ANEB-001, targeting acute cannabinoid intoxication (ACI) treatment. Preliminary results indicate that a 10 mg dose of ANEB-001 effectively reduced THC's psychotropic effects, notably at doses as high as 30 mg. The trial enrolled 134 healthy subjects and employed adaptive design across two parts. Full pharmacokinetics, pharmacodynamics, and safety data are anticipated by the end of Q1 2023, with an FDA meeting planned for the first half of 2023 to discuss future trial designs.

Anebulo Pharmaceuticals (NASDAQ: ANEB) reported financial results for Q1 FY 2023 on September 30, 2022. Key highlights include a positive interim data announcement for ANEB-001 from its Phase 2 clinical trial and a successful $6.6 million private placement financing. The company's operating expenses rose to $2.6 million, leading to a net loss of $2.6 million or $(0.11) per share, compared to a net loss of $1.6 million or $(0.07) per share in Q1 FY 2022. As of September 30, Anebulo has $19.2 million in cash, supporting its ongoing clinical trials and operational activities.

Anebulo Pharmaceuticals, Inc. (NASDAQ: ANEB) has appointed Dr. Nat Calloway to its Board of Directors, where he will also serve on the Compensation Committee. Dr. Calloway, with extensive experience in the investment community and healthcare, is expected to contribute significantly to the development of Anebulo's lead product, ANEB-001, currently in Phase 2 trials aimed at addressing acute cannabinoid intoxication. His background includes roles at 22NW, LP and Edison Group, along with a PhD from Cornell University.

Anebulo Pharmaceuticals, Inc. (NASDAQ: ANEB) has announced a PIPE financing agreement to sell 2,264,650 common shares and warrants to institutional accredited investors at a price of $2.935 per share. The accompanying warrants allow for the purchase of additional shares at $4.215, exercisable immediately and expiring in five years. Proceeds from this financing will be used to advance the development of ANEB-001 and for general corporate purposes. The closing of the deal is expected around September 29, 2022, pending customary conditions.

Anebulo Pharmaceuticals, Inc. (NASDAQ: ANEB) announced promising interim results from its Phase 2 clinical trial evaluating ANEB-001 for acute cannabinoid intoxication (ACI). In the trial, 10 mg and 30 mg doses of ANEB-001 significantly reduced THC-induced feelings of being high and body sway compared to placebo, while higher THC doses were administered. The study aims to optimize the drug's dosage and effectiveness, with ongoing evaluation of delayed dosing to simulate real-world scenarios. Anebulo anticipates that ANEB-001 could alleviate ACI symptoms and reduce healthcare burdens.

Anebulo Pharmaceuticals, Inc. (Nasdaq: ANEB) is set to host its inaugural R&D Day on September 26, 2022, at the Nasdaq MarketSite in New York City, from 10:00 a.m. to 12:30 p.m. (ET). The event will also be webcast live on the Company’s website. Interested attendees can register via email. Anebulo is focused on developing solutions for acute cannabinoid intoxication and substance abuse disorder, with its lead product candidate, ANEB-001, in Phase 2 trials.

Anebulo Pharmaceuticals (Nasdaq: ANEB) reported its financial results for the fourth quarter and full year ended June 30, 2022. The company showed a reduced net loss of $2.3 million in Q4 compared to $29.1 million for the same period in 2021. Operating expenses for FY2022 increased to $6.8 million from $3.6 million in FY2021. Notably, Anebulo announced positive topline data from Part A of its Phase 2 trial for ANEB-001, which aims to treat acute cannabinoid intoxication. The company plans further development, including an R&D Day on September 26, 2022, to discuss future strategies.

Anebulo Pharmaceuticals, Inc. (Nasdaq: ANEB) will host its first R&D Day on September 26, 2022, in New York City. CEO Simon Allen, along with senior executives including Founder Dr. Joseph Lawler and CSO Dr. Ken Cundy, will present updates on the company's progress, particularly on the Phase 2 study of product candidate ANEB-001. This candidate aims to address acute cannabinoid intoxication. Institutional investors and analysts are invited to register via email as seating is limited.