Enveric Biosciences Inc Stock Price, News & Analysis

Enveric Biosciences (NASDAQ: ENVB) announced its inclusion in the AdvisorShares Psychedelics ETF (PSIL), which targets biotech and pharma companies focusing on psychedelic treatments. This milestone is seen as a validation of Enveric's innovative platform for developing psychedelic and cannabinoid medicines aimed at addressing mental health issues and oncology treatments. CEO Joseph Tucker emphasized that this recognition will enhance their visibility within the investment community.

Enveric Biosciences (NASDAQ: ENVB) has announced that CEO Dr. Joseph Tucker will speak at the Microdose Presents Wonderland conference in Miami on November 8-9, 2021. Dr. Tucker is scheduled to participate in the Next-Generation Psychedelics panel on November 8 at 3:10 p.m. ET. Enveric is focused on developing innovative treatments for mental health and oncology using psychedelic-derived molecules and synthetic cannabinoids.

For details on attendance and meetings, interested parties can contact Microdose representatives or email KCSA Strategic Communications.

Enveric Biosciences (NASDAQ: ENVB), a biotechnology company focusing on mental health and oncology treatments, announced that Dr. Joseph Tucker, CEO, will participate in two upcoming conferences: the A.G.P. Biotech & Specialty Pharma Conference on October 13, 2021, and the KCSA Psychedelics Investor Conference from October 13-14, 2021. Dr. Tucker will present live on October 13 at 11:30 a.m. ET. Interested parties can register for the events through provided links. Enveric is developing innovative treatments using psychedelic-derived molecules and synthetic cannabinoids.

Enveric Biosciences (NASDAQ: ENVB) has announced that its AI tool, PsyAI, has successfully identified potential psychedelic drug candidates from its database of 500 compounds. This technology enhances the drug discovery process for challenging mental health issues, including cancer-related distress and PTSD. Using machine-learning models, PsyAI predicts the drug potential and helps categorize compounds, which could streamline the development of viable drug candidates. Enveric aims to improve treatment options for patients suffering from debilitating conditions.

Enveric Biosciences (NASDAQ: ENVB), a biotechnology firm focused on mental health and oncology treatments, announced participation in two investor conferences. CEO Dr. Joseph Tucker will take part in the Maxim's Advances in Mental Health Virtual Conference on September 22 at 10:00 a.m. ET, discussing 'Next Gen Psychedelics: Novel Chemical Entities'. He will also present at the Benzinga's Healthcare Small Cap Virtual Conference on September 30 at 3:40 p.m. ET. Enveric aims to address mental health issues using psychedelic-derived molecules and synthetic cannabinoids.

Enveric Biosciences (NASDAQ: ENVB) has successfully closed its acquisition of MagicMed Industries, a biotechnology firm focused on developing psychedelic molecules for mental health treatments. This all-stock transaction gives Enveric access to a novel library of psychedelic derivatives, enhancing its drug development pipeline targeting conditions like cancer-related distress, PTSD, and anxiety. Enveric issued approximately 9.95 million shares to MagicMed shareholders, with existing Enveric shareholders retaining 68.3% ownership. Dr. Joseph Tucker, former CEO of MagicMed, will lead Enveric as its new CEO.

Enveric Biosciences (NASDAQ: ENVB) announced that Dr. Joseph Tucker, CEO of MagicMed Industries, will present at the H.C. Wainwright 23rd Annual Global Investment Conference on September 13 and the Virtual Gravitas Health Reimagined Investor Day on September 16. Enveric is developing cannabinoid medicines aimed at improving the quality of life for cancer patients, with an annual meeting scheduled for September 14. The upcoming presentations underline the company's commitment to innovation in oncology therapy through the acquisition of MagicMed.

Enveric Biosciences (NASDAQ: ENVB) issued an open letter to shareholders on August 18, 2021, highlighting its upcoming stockholder meeting on September 14, 2021, and the expected acquisition of MagicMed Industries. The company holds a strong balance sheet with approximately $20 million in cash and no debt, allowing for future mergers and acquisitions. Enveric is expanding its R&D capabilities and plans to invest in mental health initiatives. Additionally, a new patent was granted for cancer treatment using CBD, and regulatory approvals for the MagicMed transaction have been secured, pending shareholder votes.

Enveric Biosciences (NASDAQ: ENVB) announced approval from the Israeli Ministry of Health to commence the Phase 1/2 study of its lead asset, EV101, aimed at treating recurrent glioblastoma (GBM) using synthetic cannabidiol (CBD) combined with clomiphene and temozolomide. The study will assess the safety, maximum tolerated doses, and initial efficacy on patients at the Davidoff Institute of Oncology. The first patient is targeted for enrollment in Q4 2021. The goal is to improve treatment outcomes and quality of life for GBM patients, addressing a high unmet medical need.