Welcome to our dedicated page for Citius Pharmaceuticals news (Ticker: CTXR), a resource for investors and traders seeking the latest updates and insights on Citius Pharmaceuticals stock.
Citius Pharmaceuticals reports developments across its critical care and targeted oncology business, including activity at majority-owned subsidiary Citius Oncology. The company’s recurring updates center on LYMPHIR (denileukin diftitox-cxdl), an engineered IL-2 diphtheria toxin fusion protein approved for adults with relapsed or refractory Stage I–III cutaneous T-cell lymphoma after at least one prior systemic therapy.
Company news also covers LYMPHIR commercialization, U.S. launch progress, international access through Named Patient Programs, and investigator-initiated oncology studies involving gynecologic cancers and diffuse large B-cell lymphoma. Capital updates include registered direct offerings, warrant issuances, non-dilutive funding and other financing actions that support product commercialization and development programs.
Citius Pharmaceuticals, Inc. (Nasdaq: CTXR) announced on October 7, 2020, an exclusive licensing agreement with Novellus Therapeutics for iPSC-derived mesenchymal stem cells (NC-iMSCs), targeting acute respiratory conditions like Acute Respiratory Distress Syndrome (ARDS) related to COVID-19. This collaboration forms a new subsidiary, NoveCite, which aims to develop NC-iMSCs, believed to have superior potency and unlimited supply compared to traditional donor-derived stem cells. With over 3 million ARDS cases annually, this therapy holds potential for significant impact in critical care.
Citius Pharmaceuticals (CTXR) announced on September 30, 2020, that the Mino-Lok Clinical Trial Material at clinical sites has been replaced with registration batch product. This transition allows trial participants to receive Mino-Lok manufactured with the same process intended for commercial use post-FDA approval. CEO Myron Holubiak expressed satisfaction in providing common packaging for Mino-Lok components and indicated readiness for commercial manufacturing following successful Phase 3 trials and FDA clearance.
Citius Pharmaceuticals (Nasdaq: CTXR) announced positive outcomes from a Data Monitoring Committee (DMC) meeting regarding its Mino-Lok phase 3 trial. The DMC found no safety signals and recommended continuing the trial without modifications. Despite challenges in patient recruitment during the COVID-19 pandemic, the company is nearing the late stage of the pivotal study. CEO Myron Holubiak expressed confidence in Mino-Lok's safety and efficacy, highlighting the dedication of study investigators amidst challenges.
Citius Pharmaceuticals, Inc. (CTXR) has announced significant milestones for its antibiotic lock solution, Mino-Lok, designed for treating central line-associated bloodstream infections. The company has manufactured three registration lots for the New Drug Application (NDA) and placed them on stability at ICH conditions. Additionally, an exclusive synthesis process for EDTA has been developed. CEO Myron Holubiak emphasized the uniqueness of Mino-Lok, which includes three active drug substances. Citius aims to commence commercial manufacturing following the completion of a Phase 3 clinical trial and FDA approval.
Citius Pharmaceuticals (Nasdaq: CTXR) has filed an amendment to the Mino-Lok phase 3 protocol to improve clinical trial record-keeping amid COVID-19. This adjustment aims to address challenges faced in the ICU due to restricted personal visits. The company remains committed to collaborating with Principle Investigators for effective trial management. CEO Myron Holubiak expressed optimism about ongoing trials despite significant hurdles and anticipates a Drug Monitoring Committee meeting at the end of the month.
Citius Pharmaceuticals (Nasdaq: CTXR) announced its presentation at the H.C. Wainwright 22nd Annual Global Investment Conference, scheduled for September 14-16, 2020. Chairman Leonard Mazur will present on September 15 at 11:00 a.m. ET, discussing the company’s recent expansion in intellectual property related to Mino-Wrap and plans to address acute respiratory distress syndrome (ARDS) related to COVID-19. Additionally, updates on Mino-Lok® will be provided, focusing on catheter-related bloodstream infections. Virtual one-on-one investor meetings will also be conducted.
Citius Pharmaceuticals (Nasdaq: CTXR) will present at the 12th annual LD Micro LD 500 conference on September 1 at 11:00 AM ET. Chairman Leonard Mazur will provide updates on the company's product developments, including treatments for acute respiratory distress syndrome related to COVID-19. This virtual event, accessible to all, runs from September 1 to September 4. This marks a significant opportunity for investors to gain insights into Citius’s strategic direction and product pipeline.
Citius Pharmaceuticals (CTXR) has expanded its intellectual property related to Mino-Wrap, a novel product aimed at reducing post-mastectomy infections involving tissue expanders. The USPTO has granted patent 10,434,221 B2, enhancing the design and application of Mino-Wrap under a global license agreement with MD Anderson Cancer Center. Approximately 100,000 U.S. patients undergo breast reconstruction annually, with infection rates for tissue expanders ranging from 2.5% to 24%. Mino-Wrap aims to significantly decrease this infection risk, potentially improving patient outcomes and reducing hospitalization.
Citius Pharmaceuticals (Nasdaq: CTXR) announced its participation in the MoneyShow Las Vegas Virtual Expo from August 18 to 20, 2020. The company's presentation is scheduled for August 19 at 4:50 PM ET, led by Chairman Leonard Mazur. Key topics include the recent $9.6 million public stock offering and a briefing to the FDA regarding Mino-Wrap, aimed at reducing post-operative infections. Investors can register for the event to access the live webcast.
Citius Pharmaceuticals, Inc. (Nasdaq: CTXR) announced the successful closing of its public offering, selling 9,159,524 common shares at $1.05 each, including an option for the underwriter to purchase an additional 1,194,720 shares. The offering generated approximately $9.6 million in gross proceeds, which will be used for general corporate purposes, notably for clinical trials related to Mino-Lok and Halo-Lido, among other product development initiatives. This move reflects Citius's strategy to enhance its critical care product portfolio.