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Silo Pharma, Inc. - SILO STOCK NEWS

Welcome to our dedicated page for Silo Pharma news (Ticker: SILO), a resource for investors and traders seeking the latest updates and insights on Silo Pharma stock.

Silo Pharma, Inc. (Nasdaq: SILO) is a developmental stage biopharmaceutical company committed to merging traditional therapeutics with psychedelic research to address a variety of underserved conditions. The company's focus spans post-traumatic stress disorder (PTSD), fibromyalgia, Alzheimer's disease, Parkinson's disease, and other rare neurological disorders.

Silo's mission is to identify and license transformative assets, funding cutting-edge research to enhance patient well-being and advance the healthcare industry. Recent achievements include the filing of a provisional patent for SP-26, a ketamine-based implant for chronic pain management, and the exclusive licensing of SPC-15 from Columbia University, a novel intranasal treatment for PTSD and anxiety.

Core Business and Projects

  • SPC-15: An intranasal treatment targeting PTSD and stress-induced anxiety disorders. Silo has exercised its option to license SPC-15 from Columbia University, with preclinical studies showing promising results.
  • SP-26: A time-release, ketamine-loaded implant aimed at fibromyalgia and chronic pain relief. The implant has shown positive results in pre-clinical studies and is expected to be the first at-home approved ketamine-based therapeutic if it passes clinical trials.
  • SPC-14: An intranasal compound for the treatment of Alzheimer's disease, showing potential in preclinical studies for improving cognitive function and stress reduction.
  • SPU-16: A CNS-homing peptide targeting multiple sclerosis (MS), developed in collaboration with the University of Maryland, Baltimore.

Silo's innovative approach combines traditional therapies with psychedelic treatments, aiming to develop novel formulations and drug delivery systems. The company's robust pipeline and strategic partnerships with leading medical universities position Silo at the forefront of biopharmaceutical advancements.

Financial Condition and Partnerships

Silo Pharma collaborates extensively with Columbia University and the University of Maryland, Baltimore, providing essential financial resources to advance their research from the clinical stage to commercialization. The company is financially positioned to support ongoing and future projects that could significantly impact the medical and psychedelic treatment landscape.

For more information, visit www.silopharma.com and connect on social media at LinkedIn, X, and Facebook.

Rhea-AI Summary

Silo Pharma announced the successful production of its SP-26 ketamine implant designed for fibromyalgia and chronic pain. Analytical testing confirmed optimal formulation, with pre-clinical research ongoing. Small batch proof-of-concept extrusion trials for 20% and 40% ketamine hydrochloride loads showed validation in structural stability and integrity. Manufacturing studies using three bioresorbable polymers revealed positive data for inherent viscosity, blend uniformity, and dissolution, meeting FDA guidelines. CEO Eric Weisblum stated that these findings bring Silo closer to future pre-clinical testing models, highlighting the implant's promising structural stability and functionality.

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Silo Pharma, a developmental stage biopharmaceutical company, announced the closing of its $2 million registered direct offering priced at-the-market under Nasdaq rules. The offering included 917,432 shares of common stock at $2.18 per share. Concurrently, Silo issued unregistered warrants to purchase up to 917,432 shares at $2.06 per share. These warrants are immediately exercisable and will expire in five years. H.C. Wainwright & Co. acted as the exclusive placement agent. Gross proceeds were approximately $2 million before fees and expenses. The net proceeds will be used for working capital and general corporate purposes.

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Silo Pharma (Nasdaq: SILO), a developmental stage biopharmaceutical company, announced a $2 million registered direct offering of 917,432 shares of common stock at $2.18 per share, set to close on June 6, 2024. Concurrently, the company will issue unregistered warrants to purchase 917,432 shares of common stock at an exercise price of $2.06 per share. H.C. Wainwright & Co. acts as the exclusive placement agent. The proceeds will support working capital and corporate purposes. The offering is under a 'shelf' registration statement on Form S-3 effective since January 30, 2024. The warrants and underlying shares remain unregistered under the Securities Act of 1933.

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Silo Pharma has submitted a pre-Investigational New Drug (pre-IND) application to the FDA for SPC-15, its intranasal treatment for PTSD and anxiety. The application seeks guidance for initiating first-in-human trials. Preclinical studies show positive results, with effective intranasal delivery in animal models. Silo expects to finalize an exclusive license agreement with Columbia University for SPC-15 by mid-2024. The company plans further studies in 2024, essential for future IND submission. SPC-15 aims to enhance stress resilience, differing from existing PTSD treatments that mainly address depressive symptoms.

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Silo Pharma announced promising results from a study on depression treatment and relapse prevention. This study, in collaboration with Columbia University, identified a new drug formulation that significantly improves mood stability without common side effects of current antidepressants. CEO Eric Weisblum emphasized the potential impact on millions suffering from depression. Additionally, Silo is advancing its SPC-15 program for PTSD, with plans to submit a pre-IND to the FDA. The company is finalizing an exclusive license agreement to develop and commercialize SPC-15 globally, expected to complete in the first half of 2024.

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Silo Pharma, a developmental stage biopharmaceutical company, will attend a hybrid public meeting hosted by the FDA and Reagan-Udall Foundation on June 27, 2024. The event, titled “Understanding Current Use of Ketamine for Emerging Areas of Therapeutic Interest,” will discuss ketamine's use for treating depression and chronic pain. CEO Eric Weisblum, along with a scientific advisor, will represent Silo Pharma. The company's lead program, SPC-15, is an intranasal treatment for PTSD and anxiety, licensed exclusively from Columbia University. Additionally, Silo is developing SP-26, a ketamine-based dissolvable implant for chronic pain and fibromyalgia.

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Silo Pharma, Inc. (Nasdaq: SILO) announces positive data for intranasal PTSD treatment SPC-15, showing rapid absorption and consistent exposure. The PK study results indicate effective drug administration. CEO Eric Weisblum believes the results will translate well to humans, paving the way for further clinical studies and FDA application in 2024.
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Silo Pharma, Inc. announces the licensing of Alzheimer's disease therapeutic SPC-14 from Columbia University, showing cognitive and stress reduction benefits in preclinical models. The Company aims to develop, manufacture, and commercialize SPC-14 globally, expecting to finalize the exclusive license agreement in the first half of 2024.
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Silo Pharma, Inc. has secured an exclusive license for the development, manufacturing, and commercialization of SPC-15, a prophylactic treatment for stress-induced affective disorders, including anxiety and PTSD. The company expects to finalize the license agreement in the first half of 2024 after successful pre-clinical development and FDA pre-IND application. SPC-15 offers a unique approach to treating PTSD by enhancing stress resilience in high-risk populations, differentiating it from existing treatments.
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Silo Pharma, Inc. files a patent application for SP-26 implantable drug delivery system for time-release and dosage control of ketamine, targeting fibromyalgia. The company believes it could revolutionize chronic pain management.
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FAQ

What is the current stock price of Silo Pharma (SILO)?

The current stock price of Silo Pharma (SILO) is $1.01 as of October 14, 2024.

What is the market cap of Silo Pharma (SILO)?

The market cap of Silo Pharma (SILO) is approximately 4.5M.

What does Silo Pharma, Inc. specialize in?

Silo Pharma specializes in developing novel therapeutics that combine traditional and psychedelic treatments for conditions such as PTSD, fibromyalgia, Alzheimer's disease, and other neurological disorders.

What are Silo Pharma's leading development programs?

Silo's leading programs include SPC-15, an intranasal treatment for PTSD; SP-26, a ketamine-loaded implant for chronic pain; and SPC-14, an intranasal compound for Alzheimer's disease.

Who are Silo Pharma's research partners?

Silo Pharma collaborates with Columbia University and the University of Maryland, Baltimore for its research and development programs.

What recent achievements has Silo Pharma announced?

Recent achievements include the provisional patent filing for SP-26 and the exclusive licensing of SPC-15 from Columbia University.

How does Silo Pharma aim to impact the healthcare industry?

Silo aims to revolutionize the healthcare industry by developing transformative treatments for underserved conditions, merging traditional and psychedelic therapies.

Where can I find more information about Silo Pharma?

You can find more information on their official website at www.silopharma.com and on their social media pages on LinkedIn, X, and Facebook.

What is the significance of Silo Pharma's SP-26 program?

SP-26 is significant as it is a ketamine-loaded implant designed to provide time-release pain relief for conditions like fibromyalgia, potentially being the first at-home approved ketamine-based therapeutic.

What progress has been made with the SPC-15 program?

SPC-15 has shown promising preclinical results for PTSD and anxiety, with the company preparing to submit a pre-IND application to the FDA.

What conditions does Silo Pharma aim to address with its treatments?

Silo aims to address conditions including PTSD, fibromyalgia, Alzheimer's disease, Parkinson's disease, and other rare neurological disorders.

How does Silo Pharma fund its research projects?

Silo Pharma provides the necessary financial resources in collaboration with leading medical universities to advance their research from the clinical stage to commercialization.

Silo Pharma, Inc.

Nasdaq:SILO

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4.53M
4.48M
4.14%
2.67%
4.01%
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