Enveric Biosciences Canada Granted U.S. Patent #11931338: Nitrilated psilocybin derivatives and methods of using
Portfolio Pulse from Charles Gross
Enveric Biosciences Canada has been granted U.S. Patent #11931338 for nitrilated psilocybin derivatives and their usage methods. This development could potentially enhance the company's intellectual property portfolio and open new avenues in psychedelic-based treatments.
March 19, 2024 | 7:33 pm
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The granting of U.S. Patent #11931338 to Enveric Biosciences Canada for nitrilated psilocybin derivatives could significantly bolster the company's position in the burgeoning field of psychedelic-based treatments.
The acquisition of a new patent typically strengthens a company's intellectual property portfolio, which is crucial for biotech firms. This patent could provide Enveric Biosciences with a competitive edge in the psychedelic treatment market, potentially leading to increased investor interest and a positive impact on the stock price in the short term.
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