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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

Post by AngelaLon Jan 01, 2022 1:17pm
318 Views
Post# 34276179

Exciting next steps

Exciting next steps 2022 will be fascinating to watch Claritas. When the company enters its Phase 1 trial with R-107, ideally very soon, and readies for a Phase 2 pulmonary hypertension trial it will cross over from being a preclinical enterprise with a lot of hope to a clinical-stage biotech with a unique platform technology. That should get them institutional funding and potential strategic collaborations. Companies with those attributes and at that stage of development are typically traded on the NASDAQ at a $40-100M market cap. The TSXV is not in the same league as the NAADAQ but the company could uplist. 
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