Enveric Biosciences
EB-003 · Novel Psychedelic Compound · Depression / Anxiety
Company Overview
Enveric Biosciences is a patient-focused pharmaceutical company developing novel psychedelic-inspired medicines. Their lead asset EB-003 is a next-generation psychedelic compound in preclinical development for depression and anxiety. EB-002 (formerly EB-373, a psilocin prodrug) was renamed and out-licensed to MycoMedica Life Sciences for up to $62M in milestone payments. The company completed a 1:12 reverse stock split in October 2025. In April 2026 Enveric raised up to ~$13.9M in a private placement, partly relieving prior cash pressure, though its EB-003 IND timeline has slipped as IND-enabling genotoxicity studies began in June 2026.
Pipeline
| Drug / Compound | Stage | Indication |
|---|---|---|
EB-003 Novel psychedelic compound | Preclinical | Depression / Anxiety |
EB-002 Psilocin prodrug (formerly EB-373 / EVM201) | Preclinical | Depression / Anxiety |
Key Financials
- Cash Position
- ~$3.8M
- Burn Rate
- ~$2M/quarter
- Last Reported
- Q3 2025
Financial data is approximate. Always verify with official SEC filings.
Upcoming Catalysts
- 2026EB-003 IND-enabling studies progress updateRegulatory
Recent News
- 2026-04Enveric closes private placement of up to ~$13.9M to fund EB-003 IND-enabling work
- 2025-10Enveric completes 1:12 reverse stock split; EB-373 renamed EB-002 and out-licensed to MycoMedica for up to $62M
News items are manually curated from public company press releases.
External Links
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Disclaimer: This page is for informational purposes only and does not constitute investment, medical, or financial advice. Pipeline status, financial figures, and catalyst dates are approximate and based on publicly available information as of 2026-07-21. Always consult official company filings and a qualified financial advisor before making investment decisions.