Given promising clinical-trial results, many stakeholders are attempting to patent psychedelic compounds and methods of producing and administering them… the sudden interest in patenting psychedelics has prompted criticism from stakeholders, including patient advocates, scientists, journalists, lawyers and Indigenous communities… Weak psychedelic patents could potentially be invalidated in court, but that does not make them harmless,…
As psilocybin was isolated from the Psilocybe mexicana mushroom in 1957 and is a known compound, it lacks novelty… for being patentable, an invention must be “new” and “inventive”. Since most common psychedelics are known for many years, it is not possible to patent these existing substances (i.e. lack of novelty). The interest in psychedelics…
“The rule is if something already belongs to the public, you can’t take it away from them,” Gretchen Temeles, special counsel at the Philadelphia law firm… said in an interview. But Compass has also highlighted the threat from nonprofits like the Usona Institute, which does its own research on psychedelics. The IPO filing warned that…
As increasing numbers of U.S. states have legalized both medical and adult-use cannabis, another set of Schedule 1 controlled substances – psychedelics – has begun to emerge from the shadows. As was the case for cannabis, biomedical research into psychedelics ground nearly to a halt following the Schedule 1 designation. More than 50 years later and…
…nearly every day, another psychedelics company announces its work in securing patents for the intellectual property represented by the product they developed… a quick search of the USPTO site shows that there are currently hundreds of patents related to LSD and Psilocybin products and formulations. Psilocybin (U.S. Patent No. 3,183,172, “Obtaining Psilocybin and Psilocin from…
At the federal level, it is still illegal to cultivate or possess magic mushrooms because they contain the Schedule I substances psilocin and psilocybin, so it is not technically accurate to say that they have been fully decriminalized anywhere in the country… …several U.S. cities and states have taken steps towards effective decriminalization, loosening the…
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