Enveric Biosciences Elevates EB-003 To Lead Development Candidate, Provides Strategic Outlook And Pipeline Update
Portfolio Pulse from Benzinga Newsdesk
Enveric Biosciences (NASDAQ:ENVB) has announced that it is prioritizing the development of EB-003, a novel neuroplastogenic molecule designed to treat severe mental health disorders without hallucinogenic effects. The company is advancing pre-clinical development and targeting a pre-IND meeting with the FDA for early 2025.
June 25, 2024 | 12:03 pm
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Enveric Biosciences is prioritizing the development of EB-003, a novel neuroplastogenic molecule for treating severe mental health disorders without hallucinogenic effects. The company is advancing pre-clinical development and targeting a pre-IND meeting with the FDA for early 2025.
The prioritization of EB-003 and the strategic focus on its development indicate a clear direction for Enveric Biosciences. The targeting of a pre-IND meeting with the FDA for early 2025 suggests a structured and forward-looking approach, which is likely to be viewed positively by investors. The unique aspect of EB-003, which avoids hallucinogenic effects, could position it favorably in the market for mental health treatments.
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