Widget Descriptions with Math or Latex Formatting are not Formatted

[mbsherma]

I am using Mercury to create a web-app from a jupyter notebook, but I've found that when widget descriptions are given with Math/Latex formatting, they are not properly rendered in the web-app. As shown below, the text is properly formatted in the jupyter notebook:

but not in the web-app:

I currently have Mercury 2.4.3, Django 4.2.7 and the following juptyer modules installed:
IPython : 8.2.0
ipykernel : 6.9.1
ipywidgets : 8.0.3
jupyter_client : 7.4.9
jupyter_core : 5.7.2
jupyter_server : 2.12.4
jupyterlab : 4.2.4
nbclient : 0.5.13
nbconvert : 7.14.1
nbformat : 5.9.2
notebook : 7.2.1
qtconsole : 5.3.2
traitlets : 5.9.0

Thanks in advance!