Citius Pharmaceuticals (NASDAQ:CTXR) has exercised its previously announced option agreement, andannounced an exclusive agreement with Novellus Therapeutics to license iPSC-derived mesenchymal stem cells (iMSCs).
The company has created a new subsidiary, NoveCite, that will focus on development and commercialization of NoveCite mesenchymal stem cells (NC-iMSCs) for the treatment of acute respiratory conditions with a near term focus on Acute Respiratory Distress Syndrome (ARDS) associated with COVID-19.
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