Clarus Therapeutics Shares Rise 27% on New U.S. Patents
November 30 2021 - 10:34AM
Dow Jones News
By Chris Wack
Clarus Therapeutics Holdings Inc. shares were up 27% to $6.62
Tuesday after the company said the U.S. Patent and Trademark Office
issued two new patents for claims that cover its oral testosterone
replacement product, Jatenzo testosterone undecanoate.
The company said the patent entitled "Oral Testosterone Ester
Formulations and Methods of Treating Testosterone Deficiency
Comprising Same" and the patent entitled "Pharmaceutical Delivery
Systems for Hydrophobic Drugs and Compositions Comprising Same"
both cover Jatenzo, and will expire in 2030 and 2026,
respectively.
Clarus said Jatenzo is the first and only Food and Drug
Administration-approved oral softgel for testosterone replacement
therapy in adult males who have deficient testosterone due to
certain medical conditions.
Clarus said it plans to list these patents in the FDA's Orange
Book, which would bring the total number of Orange Book-listed
patents covering Jatenzo to seven.
Volume for the stock was 8.6 million shares at 10 a.m. ET,
compared with 65-day average volume of 2.4 million shares.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
November 30, 2021 10:19 ET (15:19 GMT)
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