Anebulo Pharmaceuticals

Anebulo Pharmaceuticals

ANEB
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Private Company

Total funding raised: $60.9M

Market Cap: $22.0MFounded: 2019HQ: Austin, United States

Overview

Anebulo Pharmaceuticals is focused on developing novel therapeutics for substance use disorders, with an immediate priority on acute cannabinoid intoxication. The company has achieved Phase 2 proof-of-concept for its lead candidate, ANEB-001, demonstrating its potential to rapidly reverse THC-induced effects. Anebulo's strategy capitalizes on the urgent, growing medical need created by increasing cannabis legalization and the lack of any approved antidote, positioning it to target emergency department visits and unintentional pediatric poisonings.

Acute Cannabinoid IntoxicationSubstance Use Disorders

Technology Platform

Platform centered on small molecule antagonists of the cannabinoid CB1 receptor, designed for rapid reversal of intoxication with oral bioavailability and brain penetration.

Funding History

5
Total raised:$60.9M
Grant$892K
IPO$15M
IPO$25M
Series A$10M

Opportunities

The accelerating legalization of cannabis and the resultant surge in emergency department visits for acute intoxication create a large and growing addressable market with no approved therapy.
The severe threat from potent synthetic cannabinoids (e.g., K2/Spice) represents an additional, high-acuity segment with urgent need.

Risk Factors

The company faces significant clinical trial risk in Phase 3, regulatory uncertainty for a novel antidote, and future dilution risk as it will require substantial capital to fund pivotal studies and potential commercialization.
Market adoption is not guaranteed despite the clear medical need.

Competitive Landscape

Anebulo operates in a near-vacant competitive space with no FDA-approved specific antidote for cannabinoid intoxication. Current standard of care is non-specific supportive management. The company's lead candidate, ANEB-001, holds a substantial first-mover advantage in clinical development.

Company Timeline

2019Founded

Founded in Austin, United States

2020Series A

Series A: $10.0M

2020Series A

Series A: $10.0M

2021IPO

IPO — $15.0M