Revolutionizing Rheumatoid Arthritis Treatment: Psychedelics Biotech Co. Touts New Patent
Portfolio Pulse from Jelena Martinovic
Silo Pharma (NASDAQ:SILO) has been granted a new patent by the U.S. Patent and Trademark Office for its peptide-targeted liposomal delivery method for the treatment, diagnosis, and imaging of diseases and disorders. The patent covers the company's SPU-21 anti-arthritis drug, which has shown potential in inhibiting arthritic progression in preclinical animal models.
June 21, 2023 | 6:21 pm
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Silo Pharma has been granted a new patent for its SPU-21 anti-arthritis drug, which has shown potential in inhibiting arthritic progression in preclinical animal models.
The new patent granted to Silo Pharma for its SPU-21 anti-arthritis drug is a significant milestone for the company. It not only strengthens the company's intellectual property portfolio but also validates the potential of the drug in treating arthritis. This news is likely to have a positive impact on the company's stock price in the short term, as it demonstrates progress in the development of its drug pipeline and increases the potential for future revenue generation.
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