Enveric Biosciences Receives Notice Of Allowance From USPTO For Development Of C4-Carbonothioate-substituted Tryptamine Derivatives For Novel Prodrug Of Psilocin
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Enveric Biosciences (NASDAQ:ENVB) has received a Notice of Allowance from the United States Patent and Trademark Office (USPTO) for a patent application involving EB-373, a prodrug of psilocin being developed for the treatment of depression and anxiety disorders. The patent, titled 'C4-Carbonothioate-substituted Tryptamine Derivatives and Methods of Using,' includes claims for a family of novel prodrug derivatives of psilocin, including EB-373. The company has filed multiple patent applications for psilocin prodrugs and has submitted additional filings for companion Patent Cooperation Treaty and non-US national patent applications.
October 31, 2023 | 12:12 pm
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Enveric Biosciences has received a Notice of Allowance for a patent application involving EB-373, a prodrug of psilocin. This expands the company's intellectual property portfolio and strengthens its position in developing treatments for mental health disorders.
The Notice of Allowance for the patent application involving EB-373 expands Enveric Biosciences' intellectual property portfolio. This is likely to strengthen the company's position in the market and could potentially increase investor confidence, leading to a positive impact on the company's stock price in the short term.
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