Enveric Biosciences Advances Testing Of Its Non-Hallucinogenic Psychedelic
Portfolio Pulse from Juan Spínelli
Enveric Biosciences (NASDAQ:ENVB) announced positive preclinical results for its lead drug candidate, EB-003, which targets serotonergic receptors without causing hallucinations. The drug shows potential for treating mental health conditions like depression and anxiety, with minimal cardiovascular and CNS risks. Enveric plans further testing and aims to start clinical development by the end of 2025.
October 15, 2024 | 3:27 pm
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Enveric Biosciences reported positive preclinical data for EB-003, showing selective targeting of serotonergic receptors with minimal cardiovascular and CNS risks. This advances their drug development pipeline, with clinical trials expected by 2025.
The positive preclinical results for EB-003 reduce safety concerns and enhance the drug's potential for treating mental health conditions. This is a significant step forward in Enveric's drug development, likely boosting investor confidence and positively impacting the stock price in the short term.
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