Traders couldn’t get their hands on shares of Ensysce Biosciences Inc. (Nasdaq:ENSC), with the micro cap climbing up to $0.8145/share (+85.87%) at the early session high. This move could be indicative of a potential technical breakout as it appears to have temporarily broken out of the multi-month downtrend.
Ensysce Biosciences Inc is a clinical-stage biotech company using its proprietary technology platforms to develop safer prescription drugs. The company is developing a new class of powerful, tamper-proof opioids that prevent both drug abuse and overdoses. Ensysce’s products are anticipated to provide safer options to treat severe pain and assist in preventing deaths caused by opioid abuse, reducing human and economic costs.
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