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Enveric股价因放射性皮炎药物交易上涨7%

2024-07-15 22:24

  • Shares of Enveric Biosciences (NASDAQ:ENVB) rose 7% Monday morning after the company announced it had entered into a licensing deal with encapsulation technology developer Aries Science & Technology for the development and commercialization of Enveric’s topical radiation dermatitis product.
  • Under the deal, Enveric will be eligible to receive milestone payments of up to $61 million, plus tiered royalties ranging from 2.5% to 10% on future sales. The product is being developed for the treatment of skin irritation associated with radiation therapy.
  • The agreement was executed through Enveric’s Akos Biosciences unit. The product will be developed through a newly formed Aries subsidiary, according to a statement.

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