New Patented Psychedelic Drug Brings Hope For Brain Disorder Therapies

Enveric Biosciences (NASDAQ:ENVB), a biotechnology company specializing in neuroplastogenic therapeutics, has been granted a U.S. patent for its drug candidate EB-002. The license, No. 11,945,778, issued by the United States Patent and Trademark Office, includes broad claims for treating brain neurological disorders.

This achievement enhances Enveric’s intellectual property protection for EB-002, covering treatment methods for a variety of neurological conditions, including sleep disorders, depression, substance-related disorders and headaches. EB-002, a next-generation psilocin prodrug, is currently under development for neuropsychiatric disorders, initially focusing on anxiety.

Significant Intellectual Property Milestone

Joseph Tucker, Ph.D., CEO of Enveric, emphasized the importance of this patent: "EB-002, the lead compound from Enveric's EVM201 screening program, now enjoys U.S. patent coverage under three issued patents. These include compositions and pharmaceutical formulations of EB-002 (US 11,707,447), methods of making the molecules (US 11,845,726), and now methods of treating a broad range of brain neurological disorders (US 11,945,778). PCT patent applications are also pending."

Dr. Tucker added, "Deploying comprehensive patent portfolios to protect lead drug development candidates helps to de-risk and accelerate clinical development, furthering the Company's efforts to rapidly bring this new drug to patients."

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