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Benzinga
118 days

Ensysce Biosciences Stock Doubles In One Trading Session - Here's Why

1. ENSC's stock surged nearly 100% with increased trading volume. 2. Received patent approval for PF9001 aimed at opioid use disorder treatment. 3. PF9001 reduces cardiotoxicity and overdose risks, significant advancements for OUD. 4. Successful trial data supports PF614-MPAR's safety for severe pain management. 5. Upcoming trials will refine drug product for commercialization.

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FAQ

Why Very Bullish?

The patent approval and clinical trial results are catalysts that significantly enhance ENSC’s outlook, comparable to successful biotech patents historically boosting stock prices, as seen in cases like Amgen post-patent grants.

How important is it?

The patent hints at a competitive edge in the opioid treatment market, fostering investor confidence and enhancing value proposition.

Why Long Term?

The commercialization potential of PF9001 provides a long-term growth trajectory for ENSC, much like other companies that gained sustainable value post-FDA approvals and successful drug releases.

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