Filament Health Corp. (OTCQB: FLHLF | NEO: FH | FSE: 7QS), a clinical-stage natural psychedelic drug development company, today announced that it has been issued an eighth patent for the extraction and standardization of natural psilocybin and associated psychedelic compounds. Filament’s latest patent was issued by the Canadian Intellectual Property Office (CIPO) and describes technology for transforming variable psychedelic raw materials into pharmaceutical-grade, standardized drug candidates.
“Filament’s 100% pending application to issued patent success rate demonstrates our team’s talent given that the industry average is less than 50%,” said Taran Grey, Director of Intellectual Property. “Before Filament, shelf stable psilocin was seen as an impossibility. We have created psilocin as a revenue generating reality, and we continue to lock down the intellectual property to produce it. From multi-solvent extraction to purification to controlled dephosphorylation to standardization and delivery methods, I am deeply proud of our research department’s work product; IP and otherwise.”
Filament has developed innovative technology to extract and standardize stable doses of natural compounds from magic mushrooms. On August 3, 2021, Filament was issued the first-ever patent for the extraction and standardization of natural psilocybin. Since then, the Company has been issued a further four patents by CIPO and three by the United States Patent and Trademark Office.
About Filament Health
Filament Health is a clinical-stage natural psychedelic drug development company. We believe that safe, standardized, naturally-derived psychedelic medicines can improve the lives of many, and our mission is to see them in the hands of everyone who needs them as soon as possible. Filament’s platform of proprietary intellectual property enables the discovery, development, and delivery of natural psychedelic medicines. We are paving the way with the first-ever natural psychedelic drug candidates.