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Claritas Pharmaceuticals has received approval from the OTC Markets Group to list its Common Shares on the OTCQB. This listing is expected to enhance the company's profile and reach a broader investor base in the U.S. President and CEO Robert Farrell stated that this milestone aligns with Claritas’ long-term strategy and aims to provide added value to shareholders. The OTCQB is recognized for offering transparent trading and maintaining regulatory standards, which will foster greater liquidity and investor engagement.
Claritas Pharmaceuticals announced approval from the Australian Human Research Ethics Committee for its Phase 1 clinical study of R-107 at Scientia Clinical Research in Sydney, Australia. Enrollment will begin immediately. R-107 is a nitric oxide-releasing compound designed to enhance nitric oxide therapy, addressing limitations of traditional inhalation methods. The study will include 40 subjects to evaluate R-107's safety and pharmacokinetics. Following this, Claritas plans to initiate a Phase 2a study targeting pulmonary arterial hypertension, a market projected to grow to $9.8 billion by 2027.
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