Quarterly report pursuant to Section 13 or 15(d)

Related Parties

v3.21.2
Related Parties
6 Months Ended
Jun. 30, 2021
Related Parties  
Related Parties

9Related Parties

The Company uses Gendreau Consulting, LLC, a consulting firm, for drug development, clinical trial design, and planning, implementation and execution of contracted activities with the clinical research organization. The managing member of the firm became the Company’s Chief Medical Officer (“CMO”) effective January 1, 2021. The Company has and will continue to contract the services of the CMO’s spouse through the firm to perform certain activities in connection with its upcoming clinical trial in FM. During the three and six months ended June 30, 2021 and 2020, the Company paid the firm $77,816 and $142,282, respectively, and $0 and $450, respectively, and had accounts payable of $26,011 and $7,916 to the firm as of June 30, 2021 and December 31, 2020, respectively.