Silo Pharma Files Patent for Groundbreaking Ketamine Implant Therapeutic to Target Fibromyalgia and Chronic Pain
Portfolio Pulse from Benzinga Newsdesk
Silo Pharma, Inc. (NASDAQ:SILO) has filed a provisional patent for 'Methods and Combinations for Managing Pain' with the USPTO, covering its SP-26 implantable drug delivery system for ketamine, aimed at treating fibromyalgia and chronic pain.
March 18, 2024 | 11:20 am
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Silo Pharma's patent filing for an implantable ketamine delivery system could significantly advance its position in chronic pain treatment, potentially boosting investor confidence.
Filing a patent for a novel drug delivery system, especially in the chronic pain management sector, can be seen as a positive development for Silo Pharma. It not only showcases the company's commitment to innovation but also opens up potential new revenue streams if the patent is granted and the product reaches the market. Given the current interest in alternative pain management solutions, this move could attract investor interest and possibly lead to a short-term positive impact on SILO's stock price.
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