Silo Pharma Enters Joint Venture with Zylo Therapeutics

Silo Pharma Inc. a developmental stage biopharmaceutical company focused on the use of psychedelics as a therapeutic, has entered into a Joint Venture with Zylo Therapeutics.

This Joint Venture will utilize Zylo’s innovative sustained release topical delivery system that was originally developed at Albert Einstein College of Medicine using Silo Pharma’s expertise in the use of psychedelics. The joint venture will initially explore the clinical development of ketamine using ZTI’s Z-pod technology, but also provides for Silo Pharma to obtain an exclusive option for the clinical development of psilocybin using ZTI’s Z-pod technology as well.

Eric Weisblum, CEO of Silo Pharma stated, “This Joint Venture is part of Silo Pharma’s vision of bringing ground breaking therapeutics to patients in need.  The ability to deliver Ketamine or Psilocybin in a time released manner will allow us to explore both the safety and efficacy of our therapeutics while hopefully diminishing the hallucinogenic effects of psychedelics.  We believe that Zylo’s patented technology will allow us to reach potential patients that suffer with dysphagia, such as both Alzheimer’s and Parkinson’s patients.”

Jay Blankenship, MD , vice president of business development for Zylö Therapeutics, add, “We are extremely excited to be entering into this partnership with Silo Pharma, a company with broad-ranging expertise in psychedelics. Ketamine is an incredibly versatile drug that continues to show promise with new therapeutic indications. We look forward to leveraging our proprietary topical delivery technology to develop a low-dose, sustained-release ketamine formulation that is both safe and convenient for patients.”