HomeMarket NewsMicro Cap StocksEnveric Biosciences Secures US Patent for Innovative Anxiety Treatment

Enveric Biosciences Secures US Patent for Innovative Anxiety Treatment

Actionable Trade Ideas

always free

joice kelly rxrmy7mxues unsplash 1

Enveric Biosciences, a leading biotech company, has been granted a new US patent by the United States Patent and Trademark Office (USPTO) for their groundbreaking anxiety treatment, EB-373. This patent covers the development and use of C4-substituted tryptamine derivatives and C4-carbonothiate-substituted tryptamine derivatives as psilocin prodrugs.

Utilizing these new enhancements to the tryptamine chemical structure, Enveric aims to create a more effective and optimized treatment for anxiety disorder. Unlike traditional psilocin prodrugs like psilocybin, EB-373 offers a more rapid onset of action, controlled therapeutic effects, and reduced gastrointestinal side effects.

Dr. Joseph Tucker, Enveric’s CEO, believes that while existing tryptamines have shown promise in treating psychiatric diseases, they do not provide consistent and predictable neuroplasticity. This often leads to intense psychedelic experiences that hinder widespread therapeutic use. Through their research and development efforts, Enveric aims to create innovative compounds that generate neuroplastic changes without unwanted side effects, making them efficacious treatments for critical mental health disorders.

Enveric is currently advancing both the EB-373 and EVM201 and EVM301 series, with the goal of obtaining additional patents to protect their proprietary assets. They have seen promising results in preclinical studies, demonstrating the efficient prodrug parameters of EB-373 and its ability to induce psilocin generation in mice. Additionally, EB-373 has shown anxiolytic benefits in a behavioral model of anxiety, lasting up to 7 days post-dose.

Enveric’s commitment to innovation and intellectual property protection is a key driver of their growth. The company anticipates further US patents to be issued in the coming months, solidifying their position as a leader in next-generation mental health care.

For more information on the latest developments in the cannabis industry, join us at the 17th edition of our Cannabis Capital Conference in Chicago on Sept. 27-28. Whether you’re looking to close deals or expand your knowledge, this conference is a must-attend event. Get your tickets today!

Photo by Joice Kelly on Unsplash

Source: Benzinga.com

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.