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0.125765686220407 -0.0562330997185585 -0.0949726836267314 -0.0894542243805529 -0.10049114287291 -0.0660007725842944 -0.0843496495778378 -0.0894542243805529
Stock impact report

Enveric Biosciences Expands Collaboration with TOTEC Pharma through Trademark License and Option

Enveric Biosciences, Inc. (ENVB) 
Company Research Source: Business Wire
RCANN™ Trademark Portfolio Out-Licensed CAMBRIDGE, Mass.--(BUSINESS WIRE)--Enveric Biosciences, Inc. (NASDAQ: ENVB) (“Enveric” or the “Company”), a biotechnology company advancing novel neuroplastogenic small-molecule therapeutics to address psychiatric and neurological disorders, today announced that its subsidiary, Akos Biosciences, has licensed to TOTEC Pharma, Inc. (“TOTEC”) its US Trademark portfolio for RCANN™ and an RCANN™ design. TOTEC, an affiliate of Aries Science & Technology (“Aries”), is advancing the commercialization of patented cannabinoid crème technology created by Enveric and intended for use in treatment of radiation dermatitis. The trademark license to TOTEC includes an option to purchase the RCANN trademark portfolio in the future, contingent on TOTEC meeting certain development and commercialization milestones.“We are pleased that TOTEC has chosen to further license the RCANN trademark portfolio in connection with advancing the licensed cannabinoid technology Show less Read more
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