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Anebulo Pharmaceuticals Priced, Nasdaq: ANEB

Phase 2 biotech developing treatments for cannabinoid overdose and substance addiction.

Industry: Health Care

Latest Trade: $7.11 +0.11 (+1.6%)

First Day Return: n/a

Return from IPO: 0.0%

Industry: Health Care

We are a clinical-stage biotechnology company developing novel solutions for people suffering from cannabinoid overdose and substance addiction. Our lead product candidate, ANEB-001, is intended to reverse the negative effects of cannabinoid overdose within 1 hour of administration. The signs and symptoms of cannabinoid overdose range from profound sedation to anxiety and panic to psychosis with hallucinations. There is no approved medical treatment currently available to specifically alleviate the symptoms of cannabinoid overdose and we are not aware of any competing products that are further along in the development process than ANEB-001 in reversing the effects of tetrahydrocannabinol (“THC”), the principal psychoactive constituent of cannabis. Clinical trials completed to date have shown that ANEB-001 is rapidly absorbed, well tolerated and leads to weight loss, an effect that is consistent with central cannabinoid receptor type 1 (“CB1”) antagonism. In March 2021, our European clinical trial application (“CTA”), which is equivalent to an investigational new drug application in the United States, was accepted in the Netherlands to allow us to utilize ANEB-001 in a Phase 2 proof-of-concept trial for cannabinoid overdose planned for the fourth quarter of 2021.
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IPO News for Anebulo Pharmaceuticals
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IPO Data
IPO File Date 04/01/2021
Offer Price $7.00
Price Range $6.00 - $8.00
Offer Shares (mm) 3.0
Deal Size ($mm) $21
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/06/2021
Offer Price $7.00
Price Range $6.00 - $8.00
Offer Shares (mm) 3.0
Deal Size ($mm) $21
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Lakeway, TX
Founded 2020
Employees 2
Website www.anebulo.com