Enveric Biosciences Provided An Update On Data Underpinning The Selection Of EB-003 As Its Lead Drug Candidate From The Company's EVM301 Series
Portfolio Pulse from Benzinga Newsdesk
Enveric Biosciences has announced EB-003 as its lead drug candidate from the EVM301 series, with plans to start preclinical development in 2024 in preparation for an Investigational New Drug (IND) submission.
January 03, 2024 | 1:43 pm
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Enveric Biosciences has chosen EB-003 as its lead drug candidate, signaling progress in its pipeline and a clear direction for future development activities.
The announcement of EB-003 as the lead drug candidate indicates a significant milestone for Enveric Biosciences, which could positively influence investor sentiment and potentially increase the stock's value in the short term. The commitment to preclinical development and preparation for IND submission demonstrates progress in the company's drug development pipeline, which is a critical factor for biotech companies.
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