Ensysce Biosciences CEO Lynn Kirkpatrick Issues 2024 Shareholder Letter
Portfolio Pulse from Benzinga Newsdesk
Ensysce Biosciences CEO Lynn Kirkpatrick released a 2024 shareholder letter detailing the company's progress in 2023, focusing on the development of their lead analgesic PF614 and PF614-MPAR, both designed to treat severe pain with overdose protection. The company presented clinical data at various scientific meetings, completed clinical trials, and prepared for regulatory submissions to the FDA. They also engaged Alacrita Consulting for business development and explored a partnership with OncoZenge AB for a non-opioid pain treatment. Ensysce raised $12 million in financing to support their clinical programs and is preparing for FDA discussions to advance PF614 and PF614-MPAR through the 505(B)(2) regulatory pathway.

January 08, 2024 | 1:23 pm
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POSITIVE IMPACT
Ensysce Biosciences has made significant progress in developing its lead analgesics PF614 and PF614-MPAR, with positive clinical trial results and upcoming FDA discussions. The company has also secured financing and is exploring partnerships for commercialization.
The positive developments and upcoming FDA discussions regarding Ensysce Biosciences' lead products PF614 and PF614-MPAR are likely to be viewed favorably by investors. The successful financing and potential partnerships for commercialization further support a positive short-term impact on ENSC's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100