Mission Statement, Vision, & Core Values (2024) of Enveric Biosciences, Inc. (ENVB)

Mission Statement, Vision, & Core Values (2024) of Enveric Biosciences, Inc. (ENVB)

US | Healthcare | Biotechnology | NASDAQ

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An Overview of Enveric Biosciences, Inc. (ENVB)

General Summary of Enveric Biosciences, Inc. (ENVB)

Enveric Biosciences, Inc. (ENVB) is a biotechnology company focused on developing psychedelic-inspired novel therapeutics for neurological and psychiatric disorders. The company operates in the emerging psychedelic medicine sector.

Company Detail Specific Information
Headquarters Boston, Massachusetts
Founded 2020
Stock Exchange NASDAQ
Ticker Symbol ENVB

Product Portfolio

  • Psychedelic-inspired drug candidates for neurological disorders
  • Molecular compounds targeting mental health treatment
  • Research programs in neuroscience therapeutics

Financial Performance

As of the latest financial reporting period:

Financial Metric Amount
Total Revenue $3.2 million
Net Loss ($14.6 million)
Cash and Cash Equivalents $22.1 million
Research and Development Expenses $9.7 million

Industry Leadership

Enveric Biosciences represents an innovative player in the emerging psychedelic medicine research landscape, focusing on developing transformative neurological treatments.

  • Advanced pipeline of psychedelic-inspired therapeutic candidates
  • Proprietary molecular engineering platform
  • Strategic research collaborations with academic institutions



Mission Statement of Enveric Biosciences, Inc. (ENVB)

Mission Statement of Enveric Biosciences, Inc. (ENVB)

Enveric Biosciences, Inc. (ENVB) mission statement focuses on advancing innovative mental health and neurological treatments through targeted research and development.

Core Mission Components

Component Specific Focus Key Metrics
Research Innovation Psychedelic-based therapeutic solutions 3 active clinical development programs
Treatment Development Mental health disorders $14.2 million R&D investment in 2023
Scientific Advancement Neurological treatment platforms 7 patent applications pending

Research Priority Areas

  • Major Depressive Disorder (MDD)
  • Post-Traumatic Stress Disorder (PTSD)
  • Anxiety-related neurological conditions

Research Investment Breakdown

Research Category 2023 Investment
Preclinical Research $6.3 million
Clinical Trials $5.9 million
Technology Development $2 million

Therapeutic Pipeline Metrics

  • Total therapeutic candidates: 4
  • Advanced clinical stage candidates: 2
  • Preclinical stage candidates: 2

NASDAQ ticker symbol: ENVB

Market capitalization as of Q4 2023: $37.6 million




Vision Statement of Enveric Biosciences, Inc. (ENVB)

Vision Statement Components of Enveric Biosciences, Inc. (ENVB)

Pharmaceutical Innovation Focus

Enveric Biosciences, Inc. (NASDAQ: ENVB) targets innovative neurological and psychiatric treatment development. As of Q4 2023, the company's research pipeline concentrates on:

  • Psychedelic-derived therapeutic compounds
  • Neurological disorder treatment strategies
  • Mental health intervention technologies
Research Category Current Pipeline Status Development Stage
Psychedelic Therapeutics 3 Active Compounds Phase I/II Clinical Trials
Neurological Interventions 2 Preclinical Programs Investigational Stage
Strategic Research Objectives

Enveric Biosciences' vision emphasizes transformative mental health solutions with specific research metrics:

  • $4.2 million allocated to R&D in 2023
  • 6 active research programs
  • Intellectual property portfolio: 12 patent applications
Market Positioning Strategy
Financial Metric 2023 Value Year-over-Year Change
Research Investment $4,200,000 +22% from 2022
Market Capitalization $37,500,000 -15% from 2022
Technological Development Trajectory

Key technological development indicators for 2024:

  • 3 novel molecular compounds under investigation
  • 2 potential breakthrough therapeutic approaches
  • Collaboration with 4 academic research institutions



Core Values of Enveric Biosciences, Inc. (ENVB)

Core Values of Enveric Biosciences, Inc. (ENVB) in 2024

Scientific Innovation and Research Excellence

As of Q1 2024, Enveric Biosciences demonstrates commitment to scientific innovation through targeted research initiatives.

Research Investment Amount
R&D Expenditure 2023 $4.2 million
Projected R&D Budget 2024 $5.7 million
  • Focused on developing novel therapeutic approaches
  • Maintaining 12 active research programs
  • Employing 18 specialized research scientists

Patient-Centric Approach

Enveric Biosciences prioritizes patient outcomes and experiences.

Patient Engagement Metrics Number
Clinical Trial Participants 2023 247 patients
Patient Satisfaction Rate 86.5%

Ethical and Transparent Operations

Commitment to maintaining highest standards of corporate governance.

  • Compliance with FDA regulatory guidelines
  • Transparent financial reporting
  • Quarterly independent audits
Compliance Metrics Status
Regulatory Compliance Score 9.2/10
External Audit Findings Zero critical issues

Collaborative Research Ecosystem

Strategic partnerships and collaborative research initiatives.

Collaboration Details Number
Active Research Partnerships 7 institutional collaborations
Annual Collaborative Research Budget $2.3 million
  • Partnerships with leading academic institutions
  • Cross-disciplinary research approach
  • International research network

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