Opioid Developer Ensysce Biosciences Stock Is Shooting Higher Today - Here's Why

Published on 22 Jan 2024 on Benzinga via Yahoo Finance

Opioid Developer Ensysce Biosciences Stock Is Shooting Higher Today - Here's Why

Ensysce Biosciences Inc (NASDAQ:ENSC) received an FDA Breakthrough Therapy Designation (BTD) for PF614-MPAR, a next-generation opioid.

BTD has been granted to fewer than 300 drugs. It is designed to expedite the development and reviewing of drugs intended to treat a serious condition where preliminary clinical evidence indicates that the drug may demonstrate substantial improvement over available therapies.

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NASDAQ.ENSC price evolution

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