Silo Pharma Announces Results For Intranasal PTSD Treatment
Portfolio Pulse from Benzinga Newsdesk
Silo Pharma, Inc. (NASDAQ:SILO) announced positive results from a pharmacokinetic study of SPC-15, an intranasal treatment for anxiety and PTSD. The study, part of a non-GLP small animal dose-ranging study completed in February 2024, supports the potential of SPC-15 as a novel treatment option.
April 23, 2024 | 12:16 pm
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Silo Pharma announced positive pharmacokinetic study results for SPC-15, indicating potential as a novel treatment for anxiety and PTSD.
Positive study results typically lead to increased investor confidence, potentially driving up the stock price in the short term. Given the significance of these results for Silo Pharma's product pipeline, particularly in the high-need area of mental health treatments, the impact on SILO's stock could be notably positive. The announcement directly pertains to the company's core business and represents a significant milestone in the development of its key product, SPC-15.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100