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BUSINESSPUBLIC Enveric bets on trip-free mental health drug for FDA approval hopes [Green Market Report]

By June 25, 2024No Comments

Biotechnology company Enveric Biosciences (NASDAQ: ENVB) said it is prioritizing the development of EB-003, a compound designed to treat mental health disorders without hallucinogenic effects. The company said EB-003 is intended to promote neuroplasticity while avoiding the hallucinations associated with some psychedelic-based treatments. Enveric is advancing pre-clinical development and aims for a pre-IND meeting with the FDA in early 2025, the company announced Tuesday.

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