Enveric Biosciences

Enveric Biosciences

ENVB
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ENVB · Stock Price

USD 3.17-12.19 (-79.36%)
Market Cap: $6.1M

Historical price data

Market Cap: $6.1MFounded: 2014HQ: Naples, United States

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.

Neuropsychiatric DisordersMental HealthAddiction

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

2
Total raised:$9.5M
PIPE$4M
Series A$5.5M

Opportunities

Enveric targets the massive, underserved market for treatment-resistant neuropsychiatric conditions with a novel, non-hallucinogenic drug class that could enable scalable, prescription-based treatment.
Success with EB-003 could position the company as a leader in a transformative new therapeutic modality, attracting partnership or acquisition interest from larger pharma.

Risk Factors

The company faces significant risks including preclinical/clinical failure of its lead asset, a limited cash runway requiring dilutive financing, intense competition in the neuroplastogen space, and an unproven regulatory pathway for its novel drug class.

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.

Company Timeline

2014Founded

Founded in Naples, United States

2021Series A

Series A: $5.5M

2022PIPE

PIPE: $4.0M