Clarus Therapeutics and McGill University Announce Exclusive Worldwide Licensing Agreement To Develop and Commercialize Technology To Treat Rare Conditions Associated With Coenzyme-Q10 (Ub...
Clarus Therapeutics Holdings, Inc. (CRXT)
Company Research
Source: GlobeNewswire
Agreement to accelerate development of potential treatments for rare, endocrine, metabolic, and neurological conditions associated with primary and secondary ubiquinone deficiencies which belong to the wider class of mitochondrial diseases An estimated 1 in 5,000 adults worldwide has a mitochondrial disease Clarus to pay McGill $350,000 upfront and up to $10.5 million in potential development and regulatory milestones NORTHBROOK, Ill. and MONTREAL, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Clarus Therapeutics Holdings, Inc. (“Clarus”) (Nasdaq:CRXT), a pharmaceutical company dedicated to providing solutions to unmet medical needs by advancing androgen and metabolic therapies for men and women, and McGill University (“McGill”), Canada’s top ranked medical doctoral university, today announced a licensing agreement whereby Clarus will develop and commercialize McGill’s proprietary technology designed to treat conditions associated with CoQ10 deficiencies in humans. CoQ10 is synthesized in
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