Search Is On For Psychedelic Patents & FDA Designations, 3 Companies Share News

January 21, 2023 · Benzinga

Drug discovery company Mindset Pharma 

MSSTF has been greenlighted by the US Patent and Trademark Office (USPTO) on its application “Psilocin Derivatives As Serotonergic Psychedelic Agents for the Treatment of CNS Disorders.” 

The application includes the company’s psilocybin analogs lead drug candidate MSP-1014, its backup MSP-1009 and additional pro-drug candidates belonging to the family 1 tryptamine drug compounds.

Both MSP-1014 and MSP-1009 demonstrated improved efficacy and safety profiles with reduced potential side effects and evidence of increased target engagement in preclinical studies. 

“Our early and consistent focus on novelty has created a valuable intellectual property (IP) portfolio. This focus on IP has already created value for Mindset, and today’s announcement is a good indication of the potential for additional returns for Mindset thanks to our ongoing focus on novel optimized psychedelic-inspired medications,” concluded CEO James Lanthier.

PharmaTher Holdings 

PHRRF has applied with the FDA to receive Orphan Drug Designation (ODD) on ketamine therapy for Rett Syndrome. 

This ODD would qualify ketamine for certain benefits and incentives, including seven years of marketing exclusivity for the targeted indication, potential tax credits for certain clinical drug costs, eligibility for orphan drug grants, and the waiver of the FDA New Drug Application filing fee (approx. $2.4 million.)

A recent Phase 2 trial assessed ketamine treatment for this rare genetic neurological disorder. Now, the company will evaluate the study’s unpublished results in support of a potential Phase 3 trial and an FDA-agreed regulatory plan.

PharmaTher currently holds four orphan drug designations granted by the FDA for proprietary racemic ketamine KETARX, including ischemia-reperfusion injury from organ transplantation and Status Epilepticus.

Biopharma home-based solutions company Bexson Biomedical Inc. announced that the USPTO issued patent “Complexing Agent Salt Formulations of Pharmaceutical Compounds” corresponding to its proprietary formulation technology SEVALENT.

The novel technology is the basis for Bexson’s lead therapy BB106 on ketamine for postoperative pain management, a leading driver of opioid addiction.  

Now, the new patent expands its potential utility to additional small molecules, enabling intravenous-only therapies to be delivered subcutaneously in a controlled manner for at-home use. (Full Story)

In categories:Medical Psychedelics
Next Post

The Cannabis vs. Viagra Debate - Which is Better for Sexual Health?

Viagra is the brand name of sildenafil, a class of drugs that are designed for the treatment of erectile dysfunction (ED). Men who suffer from ED struggle with starting and maintaining their erections. Depending on the case, it may be a short-term…
Read
Previous Post

The rebirth of psychedelic medicine

It was 1985 and John Lawn had seen enough.  In Boston nightclubs and Dallas bars, MDMA — better known by its street name, ecstasy — had become an enormously popular recreational drug. It had also terrified the Reagan administration, which…
Read
Random Post

Congressional Panel Approves Bill To Streamline Marijuana And Psychedelics Research While Ramping Up Fentanyl Criminalization

A congressional committee has approved a bill that aims to ramp up criminalization for fentanyl-related substances, while also streamlining research into Schedule I drugs like marijuana and certain psychedelics. The legislation, sponsored by Rep. Morgan Griffith (R-VA), passed the House…
Read
Random Post

Senate Takes Long-Awaited Step Toward Cannabis Banking Reform

The cannabis-friendly Secure and Fair Enforcement Regulation (SAFER) Banking Act is on its way to a floor vote in the Senate after the Committee on Banking, Housing, and Urban Affairs passed the bipartisan legislation. The 14-9 vote represented the first time the…
Read
Random Post

Henrietta business is one of the first Finger Lakes dispensaries to be CAURD license approved

For the first time ever, dispensaries in the Finger Lakes are approved for CAURD licenses. Ryan Martin of MJ Dispensary in Henrietta says he’s elated all of his hard work has gotten him to this point. He’s only one of…
Read
Random Post

New Hampshire Officials Consider State-Led ‘Franchise Model’ For Marijuana Legalization That Would Allow Privately Owned Stores

During the second meeting of a New Hampshire commission tasked with preparing legislation to legalize marijuana through a novel system of state-run stores, members on Monday considered an alternative proposal that would instead establish a franchise model for cannabis sales. “The…
Read