Enveric Biosciences Says On March 5, The United States Patent And Trademark Office Issued Patent Titled "Multi-substituent Psilocybin Derivatives" And Is Further Expected To Issue, On March 19, Patent Titled "Nitrilated Psilocybin Derivatives"
Portfolio Pulse from Benzinga Newsdesk
Enveric Biosciences announced that the US Patent and Trademark Office issued a patent for 'Multi-substituent Psilocybin Derivatives' on March 5 and is expected to issue another patent for 'Nitrilated Psilocybin Derivatives' on March 19. These patents represent significant advancements in the company's psychedelic compound development efforts.
March 12, 2024 | 11:10 am
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Enveric Biosciences has received a new patent for 'Multi-substituent Psilocybin Derivatives' and is expecting another for 'Nitrilated Psilocybin Derivatives', marking progress in their psychedelic compound development.
The issuance of new patents, especially in the biotech and pharmaceutical sectors, is often viewed positively by investors as it strengthens the company's intellectual property portfolio and potentially opens up new revenue streams through product development and partnerships. Given the growing interest in psychedelic research for therapeutic purposes, these patents could significantly enhance Enveric Biosciences' position in this emerging field.
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