Silo Pharma

Silo Pharma

SILO
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SILO · Stock Price

USD 0.42+0.06 (+16.67%)
Market Cap: $6.5M

Historical price data

Market Cap: $6.5MFounded: 2010HQ: Sarasota, United States

Overview

Silo Pharma is a Nasdaq-listed biotech focused on developing novel therapeutics for central nervous system disorders and chronic pain through a capital-efficient licensing and development model. Its core strategy involves in-licensing promising candidates from academic partners and advancing them via the FDA's 505(b)(2) regulatory pathway to reduce time and cost. Key assets include SPC-15, a prophylactic intranasal treatment for stress-induced disorders, and SP-26, a ketamine-based implant for fibromyalgia. The company aims to address significant unmet medical needs in large, growing markets with limited treatment options.

Central Nervous SystemPsychiatryChronic Pain

Technology Platform

Silo's technological approach combines innovative drug delivery systems (e.g., intranasal 'nose-to-brain', sustained-release implants) with a strategic focus on the FDA's 505(b)(2) regulatory pathway for novel formulations of established drug compounds.

Funding History

2
Total raised:$10.5M
Series A$8M
Seed$2.5M

Opportunities

Silo targets large, underserved markets in CNS and chronic pain with multi-billion dollar growth projections.
Its 505(b)(2) strategy and novel delivery systems offer a potential path to faster, de-risked development and meaningful product differentiation if clinical efficacy is proven.

Risk Factors

High clinical failure risk for all preclinical/early-stage assets; dependence on successful capital raises in a challenging micro-cap environment; regulatory uncertainty despite the 505(b)(2) strategy; and intense competition in all target indications.

Competitive Landscape

Silo competes in crowded fields against large pharma, generic drugs, and a wave of new neuro-focused biotechs. Its differentiation hinges on its non-psychedelic prophylactic approach (SPC-15), sustained-release implant (SP-26), and capital-efficient development model, but it remains a small player with unproven clinical candidates.

Company Timeline

2010Founded

Founded in Sarasota, United States

2021Seed

Seed: $2.5M

2022Series A

Series A: $8.0M