HomeMarket NewsMicro Cap StocksSubstance Use Disorder Focused Anebulo Could Be Attractive Acquisition Target, Analyst Says

Substance Use Disorder Focused Anebulo Could Be Attractive Acquisition Target, Analyst Says

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H.C. WainwrightΒ has initiated protection onΒ Anebulo Prescription drugs IncΒ ANEB with aΒ Purchase score and a value goal of $6.

Anebulo Prescription drugs is an rising specialty biopharmaceutical firm with a main deal with growing remedy for acute cannabinoid intoxication (ACI), presenting a singular alternative as roughly 2.1 million ACI instances are reported in U.S. emergency departments yearly.

The corporate has produced compelling medical proof-of-concept information, using a visible analog scale (VAS) methodology to measure the substantial discount in ACI signs, notably the alteration within the sensation of being β€œexcessive.” This information serves as a danger mitigation issue for the forthcoming medical development of ANEB-001.Β 

The analysts Boobalan Pachaiyappan and Raghuram Selvaraju word that the ACI indication seems to share some traits with the opioid overdose disaster, which resulted in lots of non-fatal overdoses annually and resulted in almost 110K deaths within the U.S. alone throughout 2022.

The analysts word that Anebulo’s technique facilities round using ANEB-001, a small molecule antagonist concentrating on the CB1 cannabinoid receptor.Β 

H.C. Wainwright says that optimistic pivotal information for ANEB-001 might make Anebulo a sexy acquisition goal.

The analyst says that ANEB-001 may very well be priced at $2.5K per administration and will in the end obtain complete gross sales approaching $500 million within the U.S. alone. Assuming a conservative potential launch in 2028, ANEB-001 might attain the U.S. market in 2027, relying upon the velocity at which the medical growth progresses. Peak gross sales may very well be achieved within the late 2030s.

Value Motion:Β ANEB shares are up 3.91% at $3.33 on the final test Monday.

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