Silo Pharma comments on federal psychedelic therapy initiatives

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Silo Pharma’s PTSD Program Advances as FDA Fast-Tracks Psychedelic Therapies for PTSD

April 29, 2026 9:08 AM EDT

Federal initiatives focused on PTSD and related conditions appears to validate need for new and novel approaches to mental health treatment

SARASOTA, Fla, April 29, 2026 (GLOBE NEWSWIRE) -- Silo Pharma, Inc. (NASDAQ: SILO), a developmental-stage biopharmaceutical company focused on novel therapeutics and drug delivery systems, today commends a wave of coordinated U.S. federal actions that are rapidly advancing the development of psychedelic-based therapeutics for mental health and substance use disorders. Building on last weekends executive initiative to fast-track these treatments, multiple agencies have taken meaningful steps this week to accelerate... More