Enveric out-licenses synthetic prodrug of psilocin

12 November 2024

Boston, USA-based Enveric Biosciences (Nasdaq: ENVB), a biotech developing novel neuroplastogen small-molecule therapeutics for the treatment of depression, anxiety, and addiction disorders, has agreed a licensing deal with MycoMedica Life Sciences.

The agreement is for the out-licensing of Enveric’s EVM201 program, including drug candidate EB-002.

MycoMedica will seek to develop EB-002, formerly EB-373, a synthetic prodrug of the active metabolite psilocin, in treatment of neuropsychiatric disorders such as depression.

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