Last week, Tryp Therapeutics issued a statement announcing the submission of a provisional patent to enhance how psychedelics are dispensed across various indications. Tryp Therapeutics is a pharmaceutical company engaged in the development of compounds with known activity and safety profiles for the treatment of rare ailments that currently have no approved treatments. The company has a psilocybin program called the PFN(TM) program that works on developing synthetic psilocybin as a new therapy for specific neuropsychiatric disorders.
The patent details new techniques for the development, dosing and delivery of psychedelics, which may help decrease the time a patient spends in a state of dissociation.
These techniques make up the fundamental elements of Tryp’s medical treatment program that is currently in development for a broad range of conditions. The patent is only the beginning of more filings to come, which will improve psychedelics efficacy.
The patent comprises of a technique that measures the response to psychedelic therapies, which further supports a better psychedelic experience. The application also includes techniques to manufacture active pharmaceutical ingredients, new formulations and techniques to improve the safety of therapies and decrease the risk of addiction and abuse.
Tryp Therapeutics has a drug candidate TRP-8802, which has been developed to treat fibromyalgia, an acute pain syndrome that affects approximately 5 million individuals in the Unites States. In addition, Tryp Therapeutics is engaged in preparations to commence a phase 2 clinical study that will look into different eating disorders. Furthermore, the company is also developing a treatment for soft tissue sarcoma, which are diverse and rare tumors that make up nearly 7% of cancers in children and 1% in adults. The frequency of the disease in the U.S. and its rarity makes the company’s drug candidate eligible to apply for Orphan Drug Status.
Tryp Therapeutics president Jim Gilligan, who also happens to be the company’s chief science officer, stated that the company was seizing this opportunity, which would help transform its intellectual property position in the field of psychedelics through the formulation, delivery and dosing of active ingredients. Gilligan added that he was impressed by the determination of the company’s team of advisors and researchers, noting that the innovations were considerably broadening the availability of alternative treatment options for patients whose medical needs are yet to be met by showing how effective and safe the company’s psychedelic drug programs are.
It should be noted that Tryp Therapeutics isn’t the only player holding patents in the psychedelics field. Canada-based Cybin Corp. (NEO: CYBN) (OTCQB: CLXPF) also has a total of eight provisional patents for psychedelic drug formulations and delivery technologies, and many other firms have made filings.
NOTE TO INVESTORS: The latest news and updates relating to Cybin Inc. (NEO: CYBN) (OTCQB: CLXPF) are available in the company’s newsroom at https://ibn.fm/CYBN
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