Australian (ASX) Stock Market Forum

CU6 - Clarity Pharmaceuticals

$1.68 ...down from $8+ only six months ago

Clarity receives $11.1 million R&D Tax Incentive refund.
Over $100 million in funding and refocus on high-priority programs.

HIGHLIGHTS
• Clarity received an $11,146,204 Research and Development Tax Incentive refund, inclusive of interest, as part of the Australian Federal Government’s R &D Tax Incentive program.
• The receipt of the $11.1 million will provide additional funding to further the development of Clarity’s Targeted Copper Theranostic platform of products for various cancer indications .
• Clarity is well funded with approximately $106 million in cash, the majority of which will be spent directly on research, development and commercialisation endeavours in the Company’s key programs .
• Following a thorough review of Clarity’s portfolio of clinical-stage assets as well as an in-depth analysis of the markets and their potential risks, the Company will prioritise the development of 64/67Cu-SAR-bisPSMA for both diagnostic and therapeutic applications in prostate cancer as well as the development of 64Cu-SARTATE in neuroendocrine tumours (NETs) and 64Cu-SAR-Bombesin in breast and prostate cancers.
• Clarity will also continue to progress its Discovery Program, aiming to bring key asets such as 64Cu-SAR -bisFAP and 64/67Cu-SAR -trastuzumab to the clinic.
• As part of this priortitisation process, the CL04 trial with 64/67Cu-SARTATE in paediatric high-risk neuroblastoma and the COMBAT trial with 64/67Cu-SAR -Bombesin in low prostate-specific membrane antigen (PSMA) metastatic castration-resistant prostate cancer (mCR P C) will be closed.
 
$1.68 ...down from $8+ only six months ago
but closed at $1.90..

Clarity signs high-volume commercial-scale copper-64 Supply Agreement

Highlights
• Clarity has signed a commercial-scale agreement with Nusano, Inc. for supply of copper-64 (Cu-64 or 64Cu) isotope.
• The 190,000 square foot Nusano facility in West Valley City, Utah is capable of producing more than 1,000 Ci (37,000 GBq) of copper-64 per day at capacity, which translates into more than 18,000 patient doses per day at 200 MBq per dose, with a 48-hour shelf-life, far in excess of commercial scale demands across multiple large indications.
• The copper-64 supply from Nusano will complement Clarity’s existing network of US-based suppliers to ensure seamless, abundant production of this diagnostic isotope as the Company is progressing a number of late-stage clinical trials and fast approaching commercialisation.
• Nusano plans to begin production of other medical isotopes, such as copper-67 and actinium-225, both of which are used in Clarity’s products, in 2025-2026.
 


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