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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 Packerfan666on Jan 14, 2019 1:20pm
55 Views
Post# 29228654

RE:RE:RE:RE:RE:Alpinard and Jack

RE:RE:RE:RE:RE:Alpinard and JackThis is one paragraph. It’s one statement. Read it as a whole. It’s talking about exercise price and then when it talks about 1.00 it’s talking about how the company can accelerate them errant expiry

Each Warrant will be exercisable to acquire one Common Share at an exercise price of C$0.10 per Common Share for a period of two years following the Closing Date, subject to customary adjustments in certain events, provided that if, at any time following the date that is four months and one day from the Closing Date, the daily volume weighted average trading price of the Common Shares equals or exceeds C$1.00 for any 10 consecutive trading days, the Company may, on prior written notice, accelerate the expiry date of the Warrants to the date that is 30 days following the date of such notice.  Any unexercised Warrants shall thereafter automatically expire.
Read more at https://www.stockhouse.com/news/press-releases/2019/01/11/kalytera-announces-private-placement-of-common-shares-and-common-share-purchase#S2L5am1W9TgIJbiu.99
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