Psilera Gains U.S. Patent Approval for Next-Gen Mental Health Treatment Solutions

1.5 min readPublished On: August 23rd, 2023By

LOS ANGELES– In a move that underscores the shifting landscape of mental health therapy, Tampa-based biopharmaceutical company Psilera announced on Wednesday that it has received a notice of allowance from the U.S. Patent and Trademark Office for its synthetic psychedelic compounds, crafted specifically for home-based mental health treatments.

This crucial patent provides robust protections for Psilera’s extensive drug library, a compilation honed from “years of dedicated research and development.” The library showcases a wide array of compounds with transformative potential in addressing mental health disorders, according to the company’s statement.

The achievement is far more than just a legal formality, asserted CEO Chris Witowski. Describing the approval, he stated, “This represents one of the most significant intellectual property allowances for a next-generation psychedelic compound library.” Witowski further emphasized, “Securing this patent underlines our unyielding pursuit of innovation and reaffirms our dedication to constructing a more hopeful tomorrow for patients grappling with unmet medical needs.”

Early indications from studies on Psilera’s drug candidates suggest rapid efficacy in treating a spectrum of psychiatric and addiction disorders. What differentiates this venture further is the company’s efforts to enhance safety standards. “We’ve managed to de-risk several drug classes in this IP allowance. These classes demonstrate improved safety margins and fewer side effects compared to existing psychedelics,” the company commented.

This patent joins the ranks of Psilera’s previous groundbreaking achievements, which include developing formulas for dimethyltryptamine (DMT) and a psilocybin-like drug, psilacetin. Addressing the challenges and concerns associated with hallucinogenic effects, Psilera’s strategic objective is to devise treatments that curtail these effects, aiming to cater to a wider patient demographic.

As the medical community continues to explore unconventional treatments for psychiatric conditions, companies like Psilera remain at the forefront, pushing the boundaries of traditional medicine and spotlighting the untapped potential of synthetic psychedelic compounds.

About the Author: HCN News Team

The News Team at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

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