other material
confidence high
sentiment neutral
materiality 0.60
Silo Pharma files provisional patent for ketamine pain management (SP-26) targeting fibromyalgia.
Silo Pharma, Inc.
- Provisional patent titled 'Methods and Compositions for Pain Management' covers chronic pain including fibromyalgia.
- Fibromyalgia affects approximately 2% of the U.S. population; initially targeted indication for company drug SP-26.
- Company is working towards submitting an IND package to FDA under 505(b)(2) regulatory pathway for SP-26.
- CEO Eric Weisblum states patent supports multi-pronged strategy to advance SP-26 into the clinic.
- Silo Pharma holds over six issued and provisional patents in rare disease space.