- Business
- Claritas Pharmaceuticals, Inc. (CLAZF) is a clinical-stage specialty pharmaceutical company that develops and commercializes therapies addressing unmet medical needs in areas including pulmonary arterial hypertension and pain management; its lead product candidate, R-107, is a small-molecule therapeutic in Phase 1 clinical trials targeting pulmonary arterial hypertension with plans for a subsequent Phase 2a study, while CLA-1816 advances in preclinical development as an alpha3 glycine receptor agonist for pain relief. Founded in 2014 and headquartered at 4040 Civic Center Drive, Suite 200, San Rafael, California, the company, formerly known as Kalytera Therapeutics, Inc., rebranded to Claritas Pharmaceuticals, Inc. in April 2021 and primarily operates in North America with clinical activities extending to Australia. Recent developments include approval from OTC Markets to uplist its common shares to the OTCQB Venture Market for enhanced trading visibility and a $5 million equity financing facility secured with Alumina Partners (Ontario) Ltd. to support ongoing operations and pipeline advancement.