Welcome to our dedicated page for Citius Pharmaceuticals Common news (Ticker: CTXR), a resource for investors and traders seeking the latest updates and insights on Citius Pharmaceuticals Common stock.
Citius Pharmaceuticals Inc. (Nasdaq: CTXR) is a specialty biopharmaceutical company dedicated to the development and commercialization of first-in-class critical care products. Founded in 2007 and headquartered in Cranford, New Jersey, Citius focuses on providing innovative treatments in areas such as anti-infectives, oncology, and stem cell therapy.
The company's diversified pipeline includes several late-stage product candidates:
- Mino-Lok®: An antibiotic lock solution used to salvage infected catheters in patients with catheter-related bloodstream infections. This product is currently in pivotal Phase 3 clinical trials.
- Mino-Wrap®: A liquifying gel-based wrap designed to reduce tissue expander infections following breast reconstructive surgeries.
- Halo-Lido®: A topical corticosteroid-lidocaine formulation intended to provide anti-inflammatory and anesthetic relief for individuals suffering from hemorrhoids. Enrollment in its Phase 2b trial has been completed.
- LYMPHIR™ (denileukin diftitox): An IL-2-based immunotherapy for the treatment of cutaneous T-cell lymphoma (CTCL) and peripheral T-cell lymphoma (PTCL). The Biologics License Application (BLA) for LYMPHIR is currently under review by the FDA, with a PDUFA target action date set for August 13, 2024.
- NoveCite™: A mesenchymal stem cell therapy aimed at treating acute respiratory distress syndrome.
Recently, Citius has made significant advancements:
- Completed the Phase 3 trial recruitment for Mino-Lok.
- Resubmitted the BLA for LYMPHIR, addressing FDA comments with no safety or efficacy concerns noted.
- Announced a merger of its oncology subsidiary with TenX to form a publicly listed company, enhancing financial flexibility and potential value for stakeholders.
- Secured $2.4 million in non-dilutive capital through New Jersey’s Net Operating Loss (NOL) program.
Financially, as of March 31, 2024, Citius reported $12.6 million in cash and cash equivalents and has recently expanded its cash runway by successfully completing a $15 million registered direct offering. The company remains focused on the commercialization of LYMPHIR, completion of the Mino-Lok Phase 3 trial, and planning for the Phase 3 trial of Halo-Lido.
With a commitment to innovation and a strong pipeline, Citius Pharmaceuticals continues to strive towards providing effective treatments for critical care needs across various medical fields.
Rhea-AI Summary
Citius Pharmaceuticals, Inc. and TenX Keane Acquisition have entered into a definitive agreement for a proposed merger. Citius Pharma will receive $675 million in equity of Citius Oncology and retain majority control. The merger is expected to close in the first half of 2024. Citius Oncology will focus on developing and commercializing novel targeted oncology therapies, with LYMPHIR as its flagship product. The transaction will provide Citius Oncology with improved access to the public equity markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.36%
Tags
-
Rhea-AI Summary
Citius Pharmaceuticals reschedules participation in Sidoti's Small-Cap Virtual Conference to November 2023 due to funeral services for late board member Howard Safir.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.72%
Tags
-
Rhea-AI Summary
Citius Pharmaceuticals mourns the loss of longtime board member Howard Safir
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.11%
Tags
Rhea-AI Summary
Citius Pharmaceuticals plans to resubmit Biologics License Application (BLA) for LYMPHIR™ in early 2024 after receiving guidance from FDA. No additional clinical trials requested. CRL remediation activities to be completed by end of the year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.14%
Tags
-
Rhea-AI Summary
Citius Pharmaceuticals, Inc. to present at investor conferences in September 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.1%
Tags
-
Rhea-AI Summary
Citius Pharmaceuticals, Inc. (Nasdaq: CTXR) reported $33.3 million in cash and cash equivalents as of June 30, 2023, with a runway through August 2024. The company achieved 92 required events for the completion of the Mino-Lok® Phase 3 trial and is engaging with the FDA to address enhanced product testing requirements for LYMPHIR™. Citius also raised $15 million through a registered direct offering of common stock and warrants. The company's net loss was $8.5 million for the three months ended June 30, 2023, compared to a net loss of $8.9 million for the same period in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.72%
Tags
Rhea-AI Summary
Citius Pharmaceuticals, Inc. (Nasdaq: CTXR) has achieved an important milestone in the clinical trial for Mino-Lok®, an antibiotic lock solution to salvage catheters in patients with catheter-related bloodstream infections. The Phase 3 pivotal superiority trial aims to determine the efficacy and safety of Mino-Lok (MLT), a novel antibiotic lock therapy that combines minocycline with edetate disodium. The primary endpoint is the time to a catheter failure event between randomization and TOC (Week 6) in the Intent-to-Treat (ITT) Population.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.14%
Tags
-
Rhea-AI Summary
Citius Pharmaceuticals receives Complete Response Letter from FDA for denileukin diftitox
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.61%
Tags
-
Rhea-AI Summary
Citius Pharmaceuticals, Inc. is set to be added to the Russell 3000® Index and the Russell 2000® Index, bringing enhanced visibility to their late-stage pipeline. The inclusion is based on market-capitalization rankings and style attributes. Citius stock will also be added to growth and value indexes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.43%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.63%
Tags
FAQ
What is the current stock price of Citius Pharmaceuticals Common (CTXR)?
The current stock price of Citius Pharmaceuticals Common (CTXR) is $3.71 as of January 9, 2025.
What is the market cap of Citius Pharmaceuticals Common (CTXR)?
The market cap of Citius Pharmaceuticals Common (CTXR) is approximately 28.7M.
What does Citius Pharmaceuticals Inc. specialize in?
Citius Pharmaceuticals Inc. specializes in developing and commercializing first-in-class critical care products, focusing on anti-infectives, oncology, and stem cell therapy.
What are some key products in Citius Pharmaceuticals' pipeline?
Key products include Mino-Lok (antibiotic lock solution), Mino-Wrap (gel-based wrap for infection reduction), Halo-Lido (corticosteroid-lidocaine topical for hemorrhoids), LYMPHIR (IL-2-based immunotherapy), and NoveCite (stem cell therapy).
What recent achievements has Citius Pharmaceuticals made?
Recent achievements include completing the Phase 3 trial recruitment for Mino-Lok, resubmitting the BLA for LYMPHIR with no safety or efficacy concerns, and securing $2.4 million in non-dilutive capital via New Jersey’s NOL program.
What is the financial condition of Citius Pharmaceuticals?
As of March 31, 2024, Citius Pharmaceuticals had $12.6 million in cash and cash equivalents. The company also completed a $15 million registered direct offering to extend its cash runway.
What is LYMPHIR and what stage is it in?
LYMPHIR is an IL-2-based immunotherapy for treating cutaneous T-cell lymphoma and peripheral T-cell lymphoma. The Biologics License Application (BLA) is currently under FDA review, with a PDUFA target action date of August 13, 2024.
What is the focus of Citius Pharmaceuticals in 2024?
In 2024, Citius Pharmaceuticals is focusing on the commercialization of LYMPHIR, completing the Phase 3 trial for Mino-Lok, and planning the Phase 3 trial for Halo-Lido.
Where is Citius Pharmaceuticals headquartered?
Citius Pharmaceuticals is headquartered in Cranford, New Jersey.
What are the financial projections for Citius Pharmaceuticals?
Citius expects to have sufficient funds to continue operations through December 2024, supported by recent capital raising activities.
What are the main therapeutic areas Citius Pharmaceuticals is targeting?
Citius targets anti-infectives, oncology treatments, and stem cell therapies.
Who is the current CEO of Citius Pharmaceuticals?
Leonard Mazur is the current Chairman and CEO of Citius Pharmaceuticals.
Citius Pharmaceuticals Inc. Common
Nasdaq:CTXR
CTXR Rankings
CTXR Stock Data
28.67M
7.23M
6.81%
13.17%
6.78%
Biotechnology
Pharmaceutical Preparations
United States of America
CRANFORD