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confidence high
sentiment positive
materiality 0.90
Silo Pharma enters exclusive global license with Columbia University for PTSD candidate SPC-15
Silo Pharma, Inc.
- License covers patents and technical info for SPC-15, an intranasal treatment for stress-induced affective disorders and PTSD.
- Agreement includes initial and annual fees from low to mid five figures, milestone payments, and royalties on net revenues.
- Silo submitted a pre-IND briefing package to FDA and plans 505(b)(2) pathway to shorten clinical timelines and reduce costs.
- Term runs per country/product until later of patent expiry, 20 years after first commercial sale, or end of market exclusivity.
- CEO Eric Weisblum states the license is a critical step that could increase shareholder value subject to FDA approval.