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Silo Pharma Engages Clarivate for Intellectual Property and Patent Management
Clarivate will monitor, manage, and maintain Company’s expanding IP portfolio ENGLEWOOD CLIFFS, NJ, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Silo Pharma, Inc.
About this update from Silo Pharma, Inc.
[{"type":"text","content":"Clarivate will monitor, manage, and maintain Company’s expanding IP portfolio ENGLEWOOD CLIFFS, NJ, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Silo Pharma, Inc. (Nasdaq: SILO) (“the Company”), a developmental stage biopharmaceutical company focused on merging traditional therapeutics with psychedelic research, announced today that it has retained the services of Clarivate™, a leading global provider of information services including IP lifecycle management solutions. Under terms of the agreement, Clarivate will manage, maintain, and track the Company’s intellectual property assets and technology rights, and serve as an advisor for strategic IP and patent expansion in support of pipeline development. Silo Pharma engages in the acquisition, licensing, and development of intellectual property and technology rights from leading universities and researchers, including the use of psychedelic drugs. The Company’s IP-protected portfolio assets were acquired through exclusive drug development collaborations including a sponsored study agreement and a licensing option agreement with Columbia University; a license and option agreement and an investigator-sponsored study agreement with the University of Maryland, Baltimore; a joint venture with Zylö Therapeutics, Inc.; and a sponsored research agreement with the University of California, San Francisco. “Our new agreement with Clarivate gives us the opportunity to step up our intellectual property and patent expansion efforts and reinforce protection for our novel assets under development,” said Eric Weisblum, Chief Executive Officer of Silo Pharma. “Clarivate’s IP intelligence solutions will provide insights and clarity to inform our pursuit of future opportunities.” Silo Pharma currently holds 3 issued and provisional patents with additional patent applications pending. In 2023, year-to-date, Silo Pharma has been awarded 3 new patents and one patent extension: U.S. Patent 16/825,371, covering SPU-21 as a method of selectively targeting inflamed synovial tissue. U.S. Patent 11,622,948, covering the use of biomarkers in determining efficacy of SPC-15 as a method of treatment for a stress-induced affective disorder or stress-induced psychopathology.U.S. Patent 11,491,120, covering SPC-15 in a method of treating stress-induced affective disorders including anxiety and PTSD. In addition, the Company ha...