As Competition Stiffens, Patent Wars Intensify in Psychedelics Space

The medicinal psychedelics space is continuing to grow as interest from the public increases and more research on these substances is conducted. Additionally, issued psychedelic patents portfolios are getting larger, with challenges to these patents being filed with the U.S. Patent and Trademark Office. These patents may shape the trajectory of this burgeoning space, especially in the short term.

The need for psychedelic compounds to be treated as common pharmaceutical medications is one of the primary reasons why some patents in this infant industry have been challenged. In the past, patents helped encourage innovation in biopharmaceutical companies by protecting the interests of those developing a new medication by ensuring that no other party could manufacture the same drug for a period of time. This reduced imitations through exclusion, which made the costly and risky process for companies that dared develop new drugs, worth it.

However, with more organizations arguing that patenting may stifle innovation especially in the psychedelics field, an open approach that will prevent one company from monopolizing the flourishing industry may soon be adopted. Until then, the current rigid patent system will continue to stand.

Below is a patent dispute currently being resolved by the patent and trademark office.

Freedom to Operate Inc. vs. Compass Pathways PLC

Compass Pathways PLC (NASDAQ: CMPS) is a for-profit mental healthcare company focused on developing alternative therapies for the treatment of a range of mental health conditions.  The psychedelic company recently patented its synthetic psilocybin manufacturing process, which was used to create its Polymorph A compound.

Freedom to Operate filed petitions to review this and related patents, arguing that Compass Pathways’ claims weren’t new because mixtures of other crystalline forms of psilocybin had already been made before, which made it unpatentable. However, Compass refuted this, arguing that while psilocybin was first synthesized in 1958, older processes that had been published before its research couldn’t meet present regulatory standards, so the company had to create its own process which involved solving various technical problems in the formulation and synthesis process.

Freedom’s post-grant review petitions to the Patent Trial and Appeal Board were ultimately denied earlier this year. The decision was based on the fact that Freedom’s arguments were unconvincing as the measurements that reflected previous processes didn’t correspond exactly to Compass’ process.

Compass Pathways used its Polymorph A process in the formulation of its COMP360 psilocybin formulation. This formulation was recently awarded breakthrough designation by the U.S. Food and Drug Administration (FDA) for its use in managing treatment-resistant depression.

About PsychedelicNewsWire

PsychedelicNewsWire (PNW) is a specialized content distribution company that (1) aggregates and distributes news and information on the latest developments in all aspects and advances of psychedelics and their use, (2) creates PsychedelicNewsBreaks designed to quickly update investors on important industry news, (3) leverages a team of expert editors to enhance press releases for maximum impact, (4) assists companies with the management and optimization of social media across a range of platforms, and (5) delivers unparalleled corporate communication solutions. PNW stays abreast of the latest information and has established a reputation as the go to source for coverage of psychedelics, therapeutics and emerging market opportunities. Our team of seasoned journalists has a proven track record of helping both public and private companies gain traction with a wide audience of investors, consumers, media outlets and the general public by leveraging our expansive dissemination network of more than 5,000 key syndication outlets. PNW is committed to delivering improved visibility and brand recognition to companies operating in the emerging markets of psychedelics.

To receive instant SMS alerts, text “Groovy” to 888-902-4192 (U.S. Mobile Phones Only)

For more information please visit https://www.psychedelicnewswire.com

Please see full terms of use and disclaimers on the PsychedelicNewsWire website applicable to all content provided by PNW, wherever published or re-published: https://www.psychedelicnewswire.com/Disclaimer

Do you have questions or are you interested in working with PNW? Ask our Editor

PsychedelicNewsWire (PNW)
San Francisco, California
www.psychedelicnewswire.com
415.949.5050 Office
Editor@PsychedelicWire.com

PsychedelicNewsWire is part of the InvestorBrandNetwork.