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Silo Pharma, Inc. Announces Promising Preclinical Results for Dual-action Treatment SPC-15 Targeting PTSD and Severe Stress-related Conditions

Quiver Quantitative ·  2024/11/18 21:50

Silo Pharma's SPC-15 shows promising dual-target efficacy in preclinical studies for treating severe stress-related psychiatric conditions.

Quiver AI Summary

Silo Pharma, Inc. announced promising results from a preclinical study of its intranasal treatment SPC-15, which targets both the serotonin 5-HT4 receptor and the NMDA receptor, potentially offering enhanced efficacy for managing severe stress-related conditions, including PTSD and major depressive disorder. The study demonstrated that using a dual-action approach combining these two mechanisms resulted in significant behavioral improvements in animal models, suggesting it may be more effective than either treatment alone. CEO Eric Weisblum highlighted the potential of SPC-15 as a new therapeutic option and confirmed the company's plans to advance its development with a goal of submitting an IND application for human trials.

Potential Positives

  • Promising results from preclinical study indicate that SPC-15 may offer enhanced therapeutic effects for managing severe stress-related psychiatric conditions through a dual-action approach.
  • The dual receptor targeting shows superiority in treating severe stress-induced behaviors, suggesting significant potential for patients with treatment-resistant depression.
  • Silo Pharma's development of SPC-15 as an intranasal treatment indicates progress towards an IND submission for first-in-human trials, positioning the company well in the biopharmaceutical market.
  • The collaboration with Columbia University for preclinical studies enhances credibility and resources for the development of SPC-15.

Potential Negatives

  • The company's reliance on preclinical study results may raise concerns about the efficacy and safety of SPC-15 until human trials are conducted, as no clinical data is presented yet.
  • The mention of various risks and uncertainties in the forward-looking statements may create apprehension among investors regarding the company's future performance and timeline for product development.
  • The caution surrounding the development phases and potential regulatory hurdles might indicate challenges in achieving successful drug approval and commercialization timelines.

FAQ

What is SPC-15 and its purpose?

SPC-15 is a 5-HT4 receptor agonist being developed as an intranasal treatment for PTSD and other stress-related disorders.

How does SPC-15 work in treating severe conditions?

SPC-15 targets both the serotonin 5-HT4 receptor and the NMDA receptor, offering enhanced therapeutic benefits for severe stress responses.

What were the key findings from the recent preclinical study?

The study showed that combining SPC-15 with an NMDAR antagonist significantly improved behavioral outcomes in animal models of severe stress.

What are the future plans for developing SPC-15?

Silo Pharma aims to submit an IND application for first-in-human trials, continuing the development of SPC-15 for PTSD treatment.

How can I learn more about Silo Pharma's research?

For more information, visit the Silo Pharma website or follow them on social media platforms like LinkedIn, X, and Facebook.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.


$SILO Insider Trading Activity

$SILO insiders have traded $SILO stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.

Here's a breakdown of recent trading of $SILO stock by insiders over the last 6 months:

  • ERIC WEISBLUM (CEO and President) has traded it 2 times. They made 2 purchases, buying 5,000 shares and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$SILO Hedge Fund Activity

We have seen 7 institutional investors add shares of $SILO stock to their portfolio, and 6 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

  • RENAISSANCE TECHNOLOGIES LLC added 227,006 shares (+inf%) to their portfolio in Q3 2024
  • VIRTU FINANCIAL LLC added 41,848 shares (+inf%) to their portfolio in Q2 2024
  • FINANCIAL ADVOCATES INVESTMENT MANAGEMENT removed 23,938 shares (-100.0%) from their portfolio in Q3 2024
  • GEODE CAPITAL MANAGEMENT, LLC added 14,582 shares (+90.1%) to their portfolio in Q3 2024
  • CITADEL ADVISORS LLC added 14,373 shares (+inf%) to their portfolio in Q3 2024
  • FEDERATION DES CAISSES DESJARDINS DU QUEBEC added 6,000 shares (+inf%) to their portfolio in Q3 2024
  • TOWER RESEARCH CAPITAL LLC (TRC) removed 2,602 shares (-39.1%) from their portfolio in Q3 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release




Dual-action approach combining 5-HT4R Agonist (SPC-15) and NMDAR antagonist demonstrates enhanced efficacy in preclinical study for managing severe conditions




The Company is currently developing SPC-15 as an intranasal treatment for PTSD




SARASOTA, FL, Nov. 18, 2024 (GLOBE NEWSWIRE) --

Silo Pharma, Inc. (Nasdaq: SILO) ("Silo" or the "Company"), a developmental stage biopharmaceutical company focused on developing novel formulations and drug delivery systems for traditional therapeutics and psychedelic treatments, today announced promising results from a preclinical study on SPC-15. This new formulation, which targets both the serotonin 5-HT4 receptor (5-HT4R) and the NMDA receptor (NMDAR), has shown potential as a treatment for major depressive disorder (MDD), and other severe stress-related conditions.



The study highlights the proposed efficacy of combining SPC-15, a 5-HT4R agonist, with an NMDAR antagonist to treat stress-induced behaviors. Results from animal models indicate that this dual-target approach may offer additional efficacy in treating severe conditions compared to using either agent alone, suggesting a potential enhanced therapeutic effect for managing severe psychiatric conditions.




Key Study Findings




  • Dual Receptor Targeting Yields Superior Results

    : By simultaneously targeting 5-HT4R and NMDAR, the combined treatment demonstrated significant improvement in behavioral outcomes related to severe stress-induced conditions as compared to using either agent alone.


  • Additive Therapeutic Effects

    : The combination therapy showed a marked reduction in stress behaviors in animal models, indicating potential benefits for patients suffering from treatment-resistant depression.


"We are encouraged by these results, which point to what we believe is a promising new approach for managing severe stress-related psychiatric disorders," said Eric Weisblum, CEO of Silo Pharma. "In our opinion, our dual-action strategy with SPC-15 demonstrates the potential to provide an effective treatment option for patients experiencing severe and relapsed stress-related disorders.



"We believe these findings further support our continuing development of SPC-15 as an intranasal prophylactic treatment for PTSD," Weisblum added. "We are advancing this program with a goal of an IND submission for first-in-human trials."




About SPC-15

SPC-15 is a novel serotonin 4 (5-HT4) receptor agonist that utilizes biomarkers for the treatment of PTSD, anxiety, and other stress-induced affective disorders. SPC-15 is being developed as an intranasal medication. If clinically successful, SPC-15 could qualify for the FDA's streamlined 505(b)(2) regulatory pathway for drug approval. Silo Pharma is conducting preclinical studies of SPC-15 in collaboration with Columbia University and was granted an exclusive license to further develop, manufacture, and commercialize SPC-15 worldwide.




About Silo Pharma

Silo Pharma Inc. (Nasdaq: SILO) is a developmental stage biopharmaceutical company developing novel therapeutics that address underserved conditions including stress-induced psychiatric disorders, chronic pain conditions, and central nervous system (CNS) diseases. Silo focuses on developing traditional therapies and psychedelic treatments in novel formulations and drug delivery systems. The Company's lead program, SPC-15, is an intranasal treatment targeting PTSD and stress-induced anxiety disorders. SP-26 is a time-release ketamine-loaded implant for fibromyalgia and chronic pain relief. Silo's two preclinical programs are SPC-14, an intranasal compound for the treatment of Alzheimer's disease, and SPU-16, a CNS-homing peptide targeting multiple sclerosis (MS). Silo's research and development programs are conducted through collaborations with universities and independent laboratories. For more information, visit



and follow Silo Pharma on LinkedIn, X, and Facebook.




Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of words "could", "believe", "anticipate", "intend", "estimate", "expect", "may", "continue", "predict", "potential", and similar expressions that are intended to identify forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Silo Pharma, Inc. ("Silo" or "the Company") to differ materially from the results expressed or implied by such statements, including changes to anticipated sources of revenues, future economic and competitive conditions, difficulties in developing the Company's technology platforms, retaining and expanding the Company's customer base, fluctuations in consumer spending on the Company's products and other factors. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company disclaims any obligations to publicly update or release any revisions to the forward-looking information contained in this presentation, whether as a result of new information, future events, or otherwise, after the date of this presentation or to reflect the occurrence of unanticipated events except as required by law.




Contact Information

800-705-0120

investors@silopharma.com




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