Silo Pharma (NASDAQ: SILO), a developmental-stage biopharmaceutical company focused on developing novel formulations and drug-delivery systems for traditional therapeutics and psychedelic treatments, has entered into an exclusive global license agreement. The agreement outlines the company’s intentions to further develop, manufacture and commercialize SPC-14, SILO’s Alzheimer’s drug. According to the announcement, the company plans to follow the U.S. Food and Drug Administration’s 505(b)(2) pathway to approval, which will result in shorter clinical timelines and reduced drug-development costs. A novel therapeutic that targets glutamate receptor NDMAR and serotonin type 4 receptor 5HT4, SPC-14 is designed to treat cognitive and neuropsychiatric symptoms in Alzheimer’s disease. The company noted that in its most recent small-animal preclinical study, the drug showed effectiveness against luteinizing hormone (“LH”) stress in decreasing learned helplessness, perseverative behavior and hyponeophagia, a measure of anxiety. “In our view, our exclusive license for SPC-14 gives us the potential to meet a large unmet medical need,” said Silo Pharma CEO Eric Weisblum in the press release. “If approved, we believe SPC-14 could bring hope and relief for many families and patients. Early preclinical studies have shown stress reduction and cognitive improvement.”
To view the full press release, visit https://ibn.fm/bcATz
About Silo Pharma Inc.
Silo Pharma is a developmental-stage biopharmaceutical company developing novel therapeutics that address underserved conditions including stress-induced psychiatric disorders, chronic pain conditions and central nervous system (“CNS”) diseases. Silo focuses on developing traditional therapies and psychedelic treatments in novel formulations and drug-delivery systems. The company’s lead program, SPC-15, is an intranasal treatment targeting post-traumatic stress disorder (“PTSD”) and stress-induced anxiety disorders. SP-26 is a time-release, ketamine-loaded implant for fibromyalgia and chronic pain relief. Silo’s two preclinical programs are SPC-14, an intranasal compound for the treatment of Alzheimer’s disease, and SPU-16, a CNS-homing peptide targeting multiple sclerosis (“MS”). Silo’s research and development programs are conducted through collaborations with universities and independent laboratories. For more information about the company, visit www.SiloPharma.com.
NOTE TO INVESTORS: The latest news and updates relating to SILO are available in the company’s newsroom at https://ibn.fm/SILO
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