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Claritas Pharmaceuticals Inc V.CLAS.H

Alternate Symbol(s):  CLAZF

Claritas Pharmaceuticals, Inc., formerly Kalytera Therapeutics Inc, is a biotechnology company that is focused on developing R-107 for the treatment of vaccine-resistant coronavirus disease (COVID) strains. The Company’s products in development include R-107 for coronavirus disease and Viral Infections, R-107 and Vaccines, and CLA-1816 for treatment of pain. R-107 is designed to defeat COVID viruses on contact. R-107 targets the Achilles heel of COVID, the spike protein on the surface of the virus. R-107 releases nitric oxide, which attaches to a specific amino acid on the spike protein, thereby disabling the spike protein. The CLA-1816 provides effective pain reduction, without the risks of addiction or respiratory suppression that exist with opioid analgesics. CLA-1816 strongly binds with and activates the alpha3 glycine pain receptor in the spine. The Company has leased a laboratory, office, and archival space in Beverly, Massachusetts.


TSXV:CLAS.H - Post by User

Comment by Bvukmanicon Feb 11, 2021 9:58pm
204 Views
Post# 32548868

RE:RE:RE:RE:Folks if you do not have plans to buy more shares yur

RE:RE:RE:RE:Folks if you do not have plans to buy more shares yur
(another)agreement with Salzman group:
Claritas will enter into a strategic collaboration with the Salzman Group, under which the Salzman Group will make available to Claritas the full capabilities of Salzman Group, including their deep expertise in working with nitric oxide and nitric oxide releasing compounds

(another)Private Placement with Echelon to fund a yet started Phase 1 Study:

  • Estimated Cost of Phase 1 Clinical Study: The estimated cost of the Phase 1 study is CAD $1,040,000. Claritas will work with Echelon Wealth Partners to complete a private placement financing to fund the R&D cost of the Phase 1 study, as well as funding for 12-months of G&A expense
A plan to ask for Gov't Funds once Phase 1 is complete:
Follow-On Clinical Studies: Following completion of the Phase 1 study, Claritas intends to apply for funding from the U.S. Department of Health and Human Services for the further development of R-107 in COVID-19 infection

What happened to applying for funding back in July? Why apply after they fund p1, which is also nearly twice as expensive as they said back in May. Salzman...all I need to say.
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