Silo Pharma (NASDAQ: SILO) commented on a series of coordinated U.S. federal actions accelerating the development of psychedelic-based therapies for mental health and substance use disorders, citing new funding initiatives, clinical progress and regulatory advancements. The company pointed to programs from agencies including ARPA-H and the FDA, such as IND clearance for a noribogaine candidate and the issuance of priority vouchers to leading organizations, as signals of growing institutional support and increased clarity expected to drive innovation in treating conditions such as PTSD and addiction.
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About Silo Pharma, Inc.
Silo Pharma is a diversified developmental-stage biopharmaceutical and cryptocurrency treasury company. Its therapeutic focus is on addressing underserved conditions, including stress-induced psychiatric disorders, chronic pain, and central nervous system (CNS) diseases. The Company’s portfolio includes innovative programs such as SPC-15 for PTSD, SP-26 for fibromyalgia and chronic pain, and preclinical assets targeting Alzheimer’s disease and multiple sclerosis. Silo’s research is conducted in collaboration with leading universities and laboratories. silopharma.com
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