GlobeNewswire Inc | Dec 2, 2021 08:10AM EST

December 02, 2021

Englewood Cliffs NJ, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Silo Pharma, Inc. (OTCQB: SILO) a development-stage biopharmaceutical company focused on the use of psychedelics as a therapeutic announced the issuance of a patent relating to its University Maryland Baltimore licensed homing peptide. The novel homing peptide can be used for enhanced targeting of therapeutic agents to the central nervous system. Silo Pharmas licensed homing peptide can potentially improve pharmacological treatment of disease, lower effective dosages, thereby reducing side effects and toxicity.

The present invention provides homing peptides that localize in CNS (central nervous system) tissue characterized by neuroinflammation and methods of using the same.

Eric Weisblum, Silo Pharmas Chief Executive Officer commented on this key event. We are pleased to receive this very important patent issuance to our expanding IP portfolio. Silo Pharma looks forward to further its studies with the objective of introducing improved and effective targeted therapeutic agents to treat millions of patients suffering with CNS disorders.

About Silo PharmaSilo Pharma. Inc. is a development-stage biopharmaceutical company focused on merging traditional therapeutics with psychedelic research for people suffering from indications such as depression, PTSD, Parkinsons, and other rare neurological disorders. Silos mission is to identify assets to license and fund the research which we believe will be transformative to the well-being of patients and the health care industry. For more information, visitwww.silopharma.com

Safe Harbor and Forward-Looking StatementsThis news release contains "forward-looking statements" within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of words could, believe, anticipate, intend, estimate, expect, may, continue, predict, potential and similar expressions that are intended to identify forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of Silo Pharma, Inc. (Silo or the Company) to differ materially from the results expressed or implied by such statements, including changes to anticipated sources of revenues, future economic and competitive conditions, difficulties in developing the Companys technology platforms, retaining and expanding the Companys customer base, fluctuations in consumer spending on the Companys products and other factors. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company disclaims any obligations to publicly update or release any revisions to the forward-looking information contained in this presentation, whether as a result of new information, future events or otherwise, after the date of this presentation or to reflect the occurrence of unanticipated events except as required by law.

Investor Relations Contact:Hayden IRBrett Maas646-536-7331Email:brett@haydenir.com