Welcome to our dedicated page for Citius Oncology news (Ticker: CTOR), a resource for investors and traders seeking the latest updates and insights on Citius Oncology stock.
Citius Oncology, Inc. reports developments tied to its oncology-focused biopharmaceutical business and the commercialization of LYMPHIR™ (denileukin diftitox-cxdl). The company is a majority-owned subsidiary of Citius Pharmaceuticals and develops targeted oncology therapies. LYMPHIR is FDA approved for adults with relapsed or refractory Stage I–III cutaneous T-cell lymphoma who have received at least one prior systemic therapy.
Recurring CTOR news includes U.S. launch updates, initial revenue and operating results, institutional adoption, payer coverage, international distribution through regional partners and Named Patient Programs, and investigator-led clinical studies involving LYMPHIR in additional oncology settings. Company updates also cover medical-affairs engagement, material agreements, shareholder voting matters, capital-structure disclosures, governance matters, and clinical or regulatory disclosures.
Citius Oncology (NASDAQ:CTOR) has successfully closed its public offering, raising approximately $9.0 million in gross proceeds. The offering consisted of 6,818,182 shares of common stock and warrants at a public offering price of $1.32 per share.
The warrants are immediately exercisable at $1.32 per share and will expire in five years. The company plans to use the proceeds primarily to support the commercialization of LYMPHIR, including milestone and royalty payments, as well as for working capital and general corporate purposes. Maxim Group LLC served as the sole placement agent for this "reasonable best-efforts" offering.
Citius Oncology (NASDAQ:CTOR) has announced the pricing of a public offering to raise $9.0 million through the sale of 6,818,182 shares of common stock and warrants at $1.32 per share. The warrants will have the same exercise price, be immediately exercisable, and expire in five years.
The company plans to use the proceeds primarily for the commercialization of LYMPHIR, including milestone and royalty payments, as well as working capital. The offering, managed by Maxim Group LLC as sole placement agent, is expected to close around July 17, 2025.
Citius Oncology (NASDAQ:CTOR) has signed a distribution services agreement with Cencora (formerly AmerisourceBergen) for its FDA-approved immunotherapy LYMPHIR™. The agreement enhances the company's commercial infrastructure for the distribution of LYMPHIR, which treats relapsed or refractory cutaneous T-cell lymphoma (CTCL).
This partnership expands Citius Oncology's distribution network and complements a previously announced distribution agreement, strengthening the company's market reach and supporting long-term scalability. Under the agreement, Cencora will serve as a wholesale distributor for LYMPHIR, facilitating product availability across its distribution network.
Citius Pharmaceuticals (CTXR) and its oncology subsidiary Citius Oncology (CTOR) announced their participation in the upcoming Jefferies Global Healthcare Conference in New York City from June 3-5, 2025. Chairman and CEO Leonard Mazur will deliver a presentation on Thursday, June 5, 2025, at 3:10 pm ET.
The presentation will be available via live webcast and archived for later viewing on the company's website. Additionally, Mr. Mazur will engage in one-on-one meetings with institutional investors during the conference. Interested investors can arrange meetings through their Jefferies representatives.
Citius Oncology (NASDAQ: CTOR) reported its fiscal Q1 2025 financial results and business updates. The company has engaged Jefferies to explore strategic alternatives for maximizing shareholder value. Key developments include preparation for LYMPHIR™ launch in H1 2025, with inventory ready and a new permanent J-code (J9161) effective April 1, 2025.
Financial results show R&D expenses of $1.3M (vs $1.2M in Q1 2024), G&A expenses of $3.3M (vs $1.5M), and stock-based compensation of $1.8M (vs $1.9M). The company reported a net loss of $6.7M ($0.09 per share) compared to $4.7M ($0.07 per share) in Q1 2024.
Two investigator-initiated trials are exploring LYMPHIR's potential in combination therapies, with interim results presented at SITC Conference showing promise in combination with pembrolizumab for recurrent solid tumors.
Citius Pharmaceuticals (CTXR) reported its fiscal Q1 2025 results, highlighting preparations for the LYMPHIR commercial launch in H1 2025. The company secured a new J-code (J9161) for LYMPHIR, effective April 1, 2025, and reported promising preliminary results from an ongoing Phase I trial combining LYMPHIR with pembrolizumab.
Financial results showed cash and cash equivalents of $1.1 million as of December 31, 2024. The company reported a net loss of $10.3 million ($1.30 per share), compared to $9.2 million ($1.45 per share) in the prior year. R&D expenses decreased to $2.1 million from $2.6 million, while G&A expenses increased to $5.4 million from $3.7 million.
The company raised $6.5 million through offerings in late 2024 and early 2025, completed a 1-for-25 reverse stock split, and regained Nasdaq compliance.
Citius Pharmaceuticals and Citius Oncology announced that LYMPHIR™ (denileukin diftitox-cxdl) has received a permanent Healthcare Common Procedure Coding System (HCPCS) J-code (J9161) from the Centers for Medicare & Medicaid Services. The code will be effective April 1, 2025.
LYMPHIR is FDA-approved for treating adult patients with relapsed or refractory Stage I-III cutaneous T-cell lymphoma (CTCL) after at least one prior systemic therapy. The permanent J-code will help streamline billing and reimbursement processes for healthcare providers administering LYMPHIR, facilitating access for patients with commercial and government insurance coverage.