Psychedelic Patents

Patent Attorney Charles Boulakia joins Flourish Mushroom Labs

On February 4, 2020, the Yield Growth Corporation announced that Patent Lawyer, Charles Boulakia was appointed to the Flourish Mushroom Labs Advisory Board. According to the press release Mr. Boulakia “has over 20 years of experience in the preparation and prosecution of patent applications in a variety of industries including: biotechnology, chemistry, biofuel, oil and gas and pharmaceuticals.”  Mr. Boulakia is a registered patent agent (reg. no. 58,616) at the United States Patent and Trademark Office. According to his firm’s webpage, Mr. Boulakia is a partner of Ridout & Maybee LLP in the firm’s Toronto office.

Yield Growth CEO, Penny White Discusses New Patent Attorney, Charles Boulakia

According to Yield Growth CEO, Penny White, “Our plan is to develop proprietary processes for the cultivation, extraction and processing of psilocybin magic mushrooms, and also develop data through trials about dosages and uses of psilocybin for therapeutic use.”  Towards these goals, Ms. White expressed her enthusiasm that “Charles [Boulakia’s] expertise will be an enormous asset as we develop our intellectual property strategy. He will also be instrumental in our efforts to scientifically prove certain therapeutic benefits of magic mushrooms.”

Yield Growth and Flourish Mushrooms Recent Patent Filing Efforts

On December 10, 2019, Yield Growth Corporation announced that its subsidiary Flourish Mushroom Labs filed a U.S. provisional patent application relating to “methods of using serotonin antagonists, in particular, psychedelic mushroom actives, for weight loss. See Yahoo Finance. See Psilocybin Technology’s article discussing how this work was originally considered groundbreaking.  Presumably, Mr. Boulakia will assist Flourish Mushrooms by developing this and other intellectual property assets.  From the press release, it also appear that Yield Growth and Flourish Mushrooms are in the process of developing an intellectual property strategy.

Based on the press release and other publicly available information , it is unclear how Mr. Boulakia will assist with “scientifically prov[ing] certain therapeutic benefits of magic mushrooms.”  Although Mr. Boulakia’s impressive academic record includes an M.Sc. (Biochemistry) from McGill University’s Cancer Research Centre (1996), his recent professional activity does not seem focused on conducting the clinical research required to “prove certain therapeutic benefits of magic mushrooms.”  Such scientific studies are typically conducted by medical doctors and research scientists.

Importance of Patents and Intellectual Property in Nascent Psychedelic Space

Despite a lack of clarity regarding the scope of Flourish Mushrooms’s IP portfolio or how Charles Boulakia will assist in  “scientifically prov[ing] certain therapeutic benefits of magic mushrooms,”  Yield Growth and Flourish Mushrooms are 100% clear about the importance of intellectual property within the nascent magic mushroom industry. See also Psychedelic Investment Opportunities.

Arguably, entrepreneurs looking to invest in psychedelics could generate the greatest returns by investing in research and development relevant to the future of the psychedelic industry.  Entrepreneurs could pursue patent protection for psilocybin technology and then leverage that advantage when the laws change.  E.g., decriminalization or legalization of magic mushrooms.  Following this logic, several entities, including Compass Pathways, Paul Stamets, CaaMTech, and Tassili Life Sciences have invested in intellectual property related to psychedelics.

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11 months ago

Is this a website for the advancement of humanity through psilocybin treatment, or a means for pharmaceutical companies to warn people to stay off their turf? Why do we need all these patents? The only articles you write about this field are about patents.

Mushrooms exist naturally. I could go pick some out at my father’s farms. Thanks for warning me that this promising field is going to be dominated by big pharm. I don’t need to know any more than this.

10 months ago

Why do people tend to see the patent system in opposition to “nature”?? With all due respect, believe me without patents you probably won’t be able to post your thoughts on…euhh patents (think computer, phones, google, internet..electricity for god-sake!!.. I mean all the gizmo is thanks to the patent system). Nobody would have wasted his time developing these things without patent protection for his inventions!! I see nothing wrong with patents. Maybe big pharma have abused the system and made people wary of anything that have to do with patents. But as far as I am concerned, so long as smart people come up with ingenious ideas and discoveries that “improve” nature, I see nothing wrong with rewarding those people for their work with exclusive use patent for their invention.

Take for example psilocybe mushroom, the topic of this site: lots of people are not aware that some psilocybe mushroom in addition to beneficial compounds like psilocybin, baeocystin..etc also contain pretty nasty and scary compounds that give you general body paralysis a condition called “wood-lover paralysis” (google it). Those are n.a.t.u.r.a.l mushroom one can go pick up on the wild. That condition can be extremely frightening and potentially deadly!!! Very frightening when your entire body is paralyzed from head-to-toe for couple of hours and you are completely helpless to do anything about it (some people freak out and have “bad trips” thinking they are dead!!! very very dreadful condition!! Nobody knows what compound(s) exactly in mushroom is/are responsible of this. If some smart gal/guy can come up with mushroom strains that do not have this potentially deadly side-effects, so be it: give her a patent exclusivity and let her/him make money for her work..nothing wrong with it imho… just my 2 cents worth