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Cingulate Inc. - $CINGW STOCK NEWS

Welcome to our dedicated page for Cingulate news (Ticker: $CINGW), a resource for investors and traders seeking the latest updates and insights on Cingulate stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cingulate's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Cingulate Inc. announced the conversion of $3.3 million of debt and accrued interest into equity by Werth Family Investment Associates, LLC, at a conversion price of $4.785 per share. The closing price of Cingulate’s common stock on Nasdaq on January 24, 2024, was $4.35 per share. WFIA also agreed to convert the remaining $3.0 million of principal under its outstanding note into pre-funded warrants to purchase 687,043 shares of Cingulate’s common stock. The offer and sale of the securities are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended, and Regulation D promulgated thereunder.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.59%
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Rhea-AI Summary
Cingulate Inc. (NASDAQ: CING) has received guidance from the FDA to advance its investigational asset CTx-2103 for the treatment of anxiety into clinical development. The company plans to file an IND application in the first half of 2024 and design clinical studies for CTx-2103. This step may allow CTx-2103 to seek approval under the 505(b)(2) pathway, which typically requires less time and resources than the 505(b)(1) full NDA pathway. CTx-2103 is a once-daily, multi-dose tablet that provides three precisely timed doses of buspirone versus one immediate release dose, offering clear differentiation and compelling advantages over currently available treatment options.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.39%
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Rhea-AI Summary
Cingulate Inc. (NASDAQ: CING) announced financial results for Q3 2023, including Phase 3 adult efficacy and safety trial data for CTx-1301, a $4M public offering, and $5.8M of debt converted into CING equity. The clinical update highlighted the positive results from the Phase 3 trial, with significant improvements in ADHD patients. The company also provided insights into its R&D expenses and net loss figures.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.23%
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Rhea-AI Summary
Cingulate Inc. will be hosting a key opinion leader event on October 23, 2023, focused on their late-stage asset CTx-1301 in ADHD and anxiety-related disorders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.96%
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Rhea-AI Summary
Cingulate Inc. closes public offering, raising approximately $4.0 million for research and development and commercialization activities of its lead candidate CTx-1301.
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Rhea-AI Sentiment
End-of-Day
5.32%
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Rhea-AI Summary
Cingulate Inc. announces pricing of public offering, expecting gross proceeds of approximately $4.0 million. The funds will be used for research and development, commercialization activities, and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.87%
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Rhea-AI Summary
CTx-1301 demonstrated clinically meaningful improvements in PERMP and CGI-S scores, with trend towards significance treatment effect size of 1.41 and 0.98 observed at 30 minutes and at hour 16, respectively. CTx-1301 showed a favorable safety profile compared to placebo. No patients reported experiencing insomnia during the randomized period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.87%
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Rhea-AI Summary
Cingulate Inc. announces debt conversion of $5.8 million into equity, following a $1.0 million capital investment in August 2023.
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Rhea-AI Summary
Cingulate presents Phase 3 results for CTx-1301 at Psych Congress, data shows trend towards improving ADHD symptoms with rapid onset and entire active-day duration.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
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Rhea-AI Summary
Cingulate Inc. announces $1 million investment from Werth Family Investment Associates, top-line results from Phase 3 Adult Efficacy and Safety Trial of CTx-1301, and initiation of Phase 3 pediatric and adolescent studies. Positive clinical results could lead to NDA submission in 2024. R&D expenses increased to $4.5 million for Q2 2023 compared to $2.2 million in Q2 2022. Net loss was $6.6 million for Q2 2023 compared to $4.0 million in Q2 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.32%
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Cingulate Inc.

Nasdaq:CINGW

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4.90M
Pharmaceutical Preparation Manufacturing
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United States of America
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