Streetbeat News

ENVB

Enveric Biosciences, Inc.

https://www.enveric.com

Industry

Biotechnology

Enveric Biosciences, Inc., a pharmaceutical company, engages in developing various cannabinoid medicines for cancer care. Its products pipeline includes EV104 for the treatment of osteoarthritis; EVM-101 and EVM-201 for the treatment of cancer related distress; EVM-301 for the treatment of mental health indication; EV102, a cannabinoid cream for topical skin application; and EV101, a cannabinoid and chemotherapy combination therapy. Enveric Biosciences, Inc. is headquartered in Naples, Florida.

Open

1.69

Mkt cap

3.3M

Volume

79K

High

1.78

P/E Ratio

-0.05

52-wk high

420.75

Low

1.64

Div yield

N/A

52-wk low

1.13

The DEA is proposing significant increases in production quotas for marijuana compounds and psychedelics like psilocybin and ibogaine to support research and clinical trials. This move reflects growing interest in these substances for medical and scientific purposes.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 5:41 pm

Enveric Biosciences has been granted a US patent for 'C4-Carboxylic Acid-Substituted Tryptamine Derivatives and Methods Used to Treat Brain Neurological Disorders'. This patent could enhance their intellectual property portfolio and potentially impact their market position in neurological disorder treatments.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:54 pm

Enveric Biosciences and Aries Science & Technology have announced the issuance of a key U.S. patent for a topical product aimed at treating radiation dermatitis. The patent strengthens Enveric's portfolio and is part of a Licensing Agreement between Enveric's subsidiary Akos Biosciences and Aries. The market opportunity for this treatment is estimated at $400 million annually.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:08 pm

Enveric Biosciences (NASDAQ:ENVB) reported a Q2 2024 GAAP EPS of $(0.23), significantly beating the analyst consensus estimate of $(0.55) by 58.18%.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 9:39 pm

Merck & Co., Inc. (NYSE:MRK) shares fell 10% after the company reported second-quarter financial results and cut its FY24 adjusted EPS guidance below estimates. Despite beating revenue and EPS estimates, the guidance cut led to a sharp decline. Other stocks such as Imunon, Inc. (NASDAQ:IMNN) and JetBlue Airways Corporation (NASDAQ:JBLU) saw significant gains due to positive news, while QXO, Inc. (NASDAQ:QXO) and VBI Vaccines Inc. (NASDAQ:VBIV) experienced substantial losses.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 5:53 pm

F5, Inc. (NASDAQ:FFIV) shares surged over 14% in pre-market trading after reporting better-than-expected Q3 earnings and raising FY24 guidance. Other notable pre-market movers include Imunon, Inc. (NASDAQ:IMNN) up 104.2%, and Symbotic Inc. (NASDAQ:SYM) down 19.5% after disappointing earnings.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 9:50 am

Enveric Biosciences (NASDAQ:ENVB) announced positive preclinical results for its non-hallucinogenic psychedelic drug candidate EB-003, which can be administered orally. The company plans to advance EB-003 to clinical trials by the end of 2025. Enveric also recently obtained a US patent for another drug candidate, EB-002, aimed at treating neurological disorders.

Portfolio Pulse from Nina Zdinjak

July 25, 2024 | 12:00 pm

A coalition of prominent researchers has urged the FDA to approve MDMA-based therapy for PTSD, highlighting its proven safety and efficacy. This comes as the FDA is set to rule on Lykos Therapeutics' MDMA therapy by August 11. The paper emphasizes the urgent need for effective PTSD treatments, citing high suicide rates among U.S. military veterans.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:51 pm

Aries Science & Technology and Enveric Biosciences have announced a licensing agreement. Enveric Biosciences is eligible to receive milestone payments of up to $61 million on future sales if all conditions are met.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 12:12 pm

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.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:03 pm

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