Enveric Biosciences Inc (ENVB)

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"This is an exclusive, novel way of bringing together CBD and well-known, existing compounds that hold promise to create a new, improved drug class," added David Johnson, Chairman and CEO, Enveric Biosciences. "As a patient-centric company, Enveric is constantly looking for new ways to eliminate or minimize cancer treatment side effects for patients in need. With its anti-inflammatory properties, CBD holds so much potential to help these patients, especially since status-quo treatments are not an adequate solution. We are confident that, with this impressive team of experts and Diverse Biotech's conjugate technology platform, this relationship can help us to expand our potential treatment options for cancer patients who continue to suffer around the globe."

Mr. Johnson concluded, "Enveric has a clear focus to serve cancer patients' supportive care needs with our current pipeline consisting of innovative early-stage formulations. We intend to continue to add to that portfolio by moving forward internal development initiatives and targeted external business opportunities. Our new molecules from Diverse Biotech provide us with more options to address these difficult indications while building on our IP portfolio and expanding our access to leading scientific talent."