Enveric Biosciences Inc Stock Price, News & Analysis

Enveric Biosciences (NASDAQ: ENVB), a biotechnology company focused on developing therapeutics for anxiety, depression, and addiction, announced participation in the Benzinga Psychedelics Capital Conference on April 13, 2023. CEO Joseph Tucker will engage in a fireside chat at 10:30 a.m. ET and a panel titled NextGen Psychedelics at 3:20 p.m. ET. The event will take place at the Fontainebleau Miami Beach.

Dr. Tucker aims to showcase Enveric's clinical development strategy, including the upcoming Phase 1 study of lead candidate EB-373 in Australia.

Enveric Biosciences (NASDAQ: ENVB) announces significant developments in their pipeline targeting mental health disorders. They've nominated EB-373 as the lead candidate for treating anxiety disorders, advancing from their EVM201 Series. A Phase 1 clinical trial is set to start in Q4 2023 in Australia, utilizing the contract research organization, Avance Clinical. Financially, the company reported a $19.3 million net loss for 2022, an improvement from the previous year's $48.8 million. The company also plans a spin-off of its cannabinoid pipeline to Akos Biosciences, Inc.. Overall, Enveric is poised for an active 2023, targeting innovations in mental health therapies.

Enveric Biosciences (NASDAQ: ENVB) announced plans to launch a first-in-human clinical trial for its lead candidate, EB-373, in Q4 2023. This proprietary psilocin prodrug targets anxiety disorders and has been designated as a New Chemical Entity by Australia’s Therapeutic Goods Administration. Enveric has partnered with Avance Clinical, an experienced contract research organization, to manage the trial, which will evaluate EB-373's safety and tolerability through a multi-cohort, dose-ascending approach. The company aims to innovate treatment options for anxiety, capitalizing on its Psybrary drug discovery platform.

Enveric Biosciences (NASDAQ: ENVB) announced groundbreaking research detailing the isolation of a novel indolethylamine N-methyltransferase from the cane toad (Rhinella marina). This discovery enables a new bioproduction platform for developing psychedelic-inspired drug candidates aimed at treating psychiatric disorders like anxiety and depression. The research was conducted by the University of Calgary and led by Dr. Peter Facchini. Enveric aims to begin human clinical trials for their lead product, EB-373, for anxiety treatment, reflecting their commitment to innovate in mental health therapeutics.

Enveric Biosciences (NASDAQ: ENVB) has appointed Kevin Coveney, CPA, as Chief Financial Officer effective March 13, 2023. With over 30 years of experience in finance and operations within the biotechnology sector, Coveney aims to lead the company's financial and capital market activities. He has a proven track record of executing growth strategies in previous roles at various biotech firms. Coveney's appointment comes at a crucial time as Enveric advances its EVM201 and EVM301 product series targeting mental health issues. As part of his induction, Coveney will receive restricted stock units convertible to 26,500 shares.

Enveric Biosciences (NASDAQ: ENVB) announced the appointment of Lynn Gallant as Vice President, Clinical Operations, effective February 22, 2023. Gallant brings over 25 years of experience in clinical operations and trial management, previously holding leadership roles at BlueRock Therapeutics and Bioverativ. She will oversee the clinical development of Enveric’s EVM201 and EVM301 product platforms. The company plans to initiate a clinical trial for its lead drug candidate, EB-373, targeting anxiety disorders. Enveric's focus is on developing novel therapeutics for mental health, leveraging its unique Psybrary™ drug discovery platform.

Enveric Biosciences (NASDAQ: ENVB), a biotechnology firm focused on developing small-molecule therapeutics for anxiety, depression, and addiction disorders, announces CEO Joseph Tucker, Ph.D., will present at the 6th Annual Growth Conference by Gravitas Securities Inc. on March 2, 2023 in Vancouver, British Columbia. Dr. Tucker's presentations include a Healthcare Panel at 1:40 p.m. PST and a Company Presentation at 2:00 p.m. PST. He will also hold one-on-one meetings with investors to discuss Enveric’s strategies, achievements, and future milestones.

Enveric Biosciences (NASDAQ: ENVB), a biotechnology firm focused on innovative therapeutics for mental health disorders, announced CEO Joseph Tucker, Ph.D., will present at the BIO CEO & Investor Conference from February 6-9, 2023, in New York City. The presentation on February 6 at 3:00 p.m. EST will highlight the company's clinical development strategy and recent achievements. Enveric aims to address anxiety, depression, and addiction through its proprietary platform, The Psybrary™, with a focus on its EVM201 Series, particularly the EB-373 treatment for anxiety disorders. One-on-one investor meetings will also take place during the conference.

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.