$ENVB

Enveric Biosciences, Inc. (ENVB) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Enveric Biosciences Reports Financial Results and Provides Corporate Update for Second Quarter 2026 EB-003 Development Highlights: ● Continued advancing IND-enabling studies supporting the planned submission of an Investigational New Drug

Enveric Biosciences said new preclinical tests using the Promega GloSensor cAMP live-cell assay show its lead psychiatric candidate EB-003 stays within a non-hallucinogenic profile versus hallucinogen and reference compounds. The company plans to advance EB-003 toward first-in-human Phase 1 trials. ENVB shares were down 7.69% to $1.56 premarket.

Enveric Biosciences Inc. (NASDAQ: ENVB) has successfully raised up to $13.9 million through a private placement, with an initial $5 million received upon closing. This funding, along with an additional $1.5 million from warrant exercises, will primarily support the preclinical development of its lead product candidate, EB-003, and facilitate the submission of an Investigational New Drug application. Despite a low GF Score™ of 28, indicating potential profitability challenges, the company boasts strong financial strength.

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Enveric Biosciences (NASDAQ: ENVB) stock surged nearly 30% after the FDA outlined steps to accelerate the development of serotonin-2A agonists and psychedelic-based therapies for mental health disorders. The FDA cleared the first U.S. trial for an ibogaine derivative to treat alcohol use disorder and will issue national priority vouchers to companies studying psychedelic compounds. This proactive stance follows a White House directive and focuses on fast-tracking promising treatments, especially those with Breakthrough Therapy designation.

Enveric Biosciences (ENVB) stock surged 134.4% following the announcement of its at-the-market private placement closing. This includes a substantial warrant package, which likely contributed to increased trading interest, short-covering, and momentum buying in the small-cap biotech. The private placement secured $5.0 million upfront, with potential for an additional $8.9 million if warrants are fully exercised.

Enveric Biosciences announced that Gilgamesh Pharmaceuticals has withdrawn a challenge against its patent, leaving no remaining challenges. The patent concerns new chemical versions of psilocybin for mental health conditions. ENVB stock rose over 4% on the news, despite a significant year-to-date and 12-month decline.

Enveric Biosciences, through its subsidiary Akos Biosciences, has licensed its RCANN US trademark portfolio to TOTEC Pharma, Inc. This agreement, which includes an option for future purchase by TOTEC under certain conditions, aims to advance the commercialization of patented cannabinoid crème technology for radiation dermatitis. The deal could generate milestone payments and royalties for Enveric based on TOTEC's commercial success.

Enveric Biosciences ( NASDAQ:ENVB ) recently announced that it has hired intellectual property powerhouse Fish and Richardson P.C. to contest a Post-Grant Review ( PGR ) petition filed by rival Gilgamesh Pharmaceuticals against Enveric's issued U.S.