Enveric Biosciences
ENVBENVB · Stock Price
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Overview
Enveric Biosciences is a development-stage biotech focused on creating novel small-molecule therapeutics that promote neuroplasticity for treating mental health disorders, without inducing hallucinations. Its core strategy is powered by The Psybrary™, a proprietary platform used to generate and screen hundreds of novel compounds, leading to a robust IP portfolio. The company's most advanced program, EB-003, is in late preclinical development, targeting a first-in-class, prescription-based model for difficult-to-treat conditions. Enveric's approach aims to overcome key barriers to adoption in the psychedelic-inspired therapeutic space by developing drugs suitable for conventional clinical use.
Technology Platform
The Psybrary™ is a proprietary discovery and development platform that systematically generates and screens libraries of novel neuroplastogenic compounds, aiming to dissociate therapeutic neuroplasticity from hallucinogenic psychoactivity.
Funding History
2Opportunities
Risk Factors
Competitive Landscape
Enveric competes directly with other non-hallucinogenic neuroplastogen developers (e.g., Gilgamesh, Delix) and indirectly with classic psychedelic therapy companies. Its differentiation lies in its Psybrary™ platform, EB-003's dual receptor mechanism, and a strong focus on a scalable prescription drug model.
Competitors
Company Timeline
Founded in Naples, United States
Series A: $5.5M
PIPE: $4.0M