Benzinga | Jul 27, 2021 11:13AM EDT

AIkido Pharma Announces Notice Of Allowance For U.S. Patent For Technology For Use Of 'ovel and proprietary central nervous system (CNS) homing peptides'

AIkido Pharma Inc. (NASDAQ:AIKI) ("AIkido" or the "Company") today announced that the U.S. Patent and Trademark Office has issued a Notice of Allowance for application No.: 16/477,125. This technology relates to the use of novel and proprietary central nervous system (CNS) homing peptides. This technology has been exclusively sublicensed to AIkido Pharma for use of psilocybin for the therapeutic treatment of neuroinflammatory disease in cancer patients.

The homing peptides covered under the Notice of Allowance and the sublicense, can be used to facilitate the delivery of therapeutic agents to inflamed CNS tissue. Psychedelics such as psilocybin have been shown to have anti-inflammatory activity in addition to their potential efficacy for treatment of neurological disorders such as anxiety, depression and post-traumatic stress disorder (PTSD). Studies indicate that neuroinflammation of the brain and other CNS tissues in cancer patients contributes to, among other symptoms, the onset of cancer cachexia, which is characterized by loss of appetite, extreme weight loss and muscle wasting.

Anthony Hayes, CEO of AIkido Pharma, stated, "We are pleased that a Notice of Allowance was issued for this technology. We believe that the psychological impacts of cancer are significant, and treatment of these impacts represent a substantial unmet need. We are working to develop this technology as part of our diversified platform and view this a step forward in those efforts."