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Cingulate Successfully Manufactures Clinical Supply - Initiation of Pediatric Phase 3 Studies to Commence in July and August Announcement Confirms Cingulate on Track with Development and Regulatory Milestones

Key Takeaway: Cingulate Inc. has successfully manufactured clinical supply for its pivotal Phase 3 trials of CTx-1301 for ADHD, with trials set to begin in late July. The achievement confirms that the company remains on schedule with its development timeline. CTx-1301 is positioned as a once-daily stimulant medication aimed at improving ADHD treatment. Positive results from these upcoming studies could lead to a New Drug Application submission in mid-2024.

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BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+64%
120-day peak, hindsight
Typical move
10.7%
average across 4 past catalysts
Cash runway
~14 mo
Low dilution risk
Lead asset
CTx-1301- Dexmethylphenidate
Phase 3 · ADHD

Full Press Release Details

Successfully Manufactures Clinical Supply -
Initiation of Pediatric Phase 3 Studies to Commence in July and August
Confirms Cingulate on Track with Development and Regulatory Milestones
CITY, KANSAS - June 29, 2023 -
Cingulate Inc. (NASDAQ: CING), a biopharmaceutical company utilizing its proprietary Precision Timed Release
(PTR ) drug delivery platform technology to build and advance a pipeline of next-generation pharmaceutical products, today announced
it has successfully manufactured the clinical supply for upcoming pivotal Phase 3 trials of its lead candidate, CTx-1301 (dexmethylphenidate),
for the treatment of attention deficit/hyperactivity disorder (ADHD). All doses of CTx-1301 are now available for both pivotal Phase
3 pediatric and adolescent clinical trials, with the fixed-dose study scheduled to begin the week of July 24.
have effectively collaborated with our manufacturing partner, Societal CDMO, to successfully manufacture all doses required to initiate
our pivotal Phase 3 pediatric and adolescent clinical program, and we look forward to the initiation of the fixed-dose study,"
said Laurie A. Myers, PhD, Chief Operating Officer, Cingulate. "This accomplishment ensures that we remain firmly on track, adhering
to our previously announced timelines."
is a novel, investigational treatment being developed as a true, once-daily stimulant medication for ADHD upon approval from the U.S.
Food and Drug Administration (FDA). Cingulate recently completed a Phase 3 adult onset and duration study of CTx-1301 with results
expected 3Q 2023. In addition, the Company plans to initiate two pivotal Phase 3 trials in pediatric and adolescent patients -
a fixed dose study and a dose-optimized onset and duration study in a laboratory classroom setting - in 3Q 2023. Assuming positive
clinical results from its Phase 3 trials, Cingulate plans to submit a New Drug Application (NDA) for CTx-1301 in mid-2024 under the Section
Attention Deficit/Hyperactivity Disorder (ADHD)
is a chronic neurobiological and developmental disorder that affects millions of children and often continues into adulthood. The condition
is marked by an ongoing pattern of inattention and/or hyperactivity-impulsivity that interferes with functioning or development. In the
U.S., approximately 6.4 million children and adolescents (11 percent) aged under the age of 18 have been diagnosed with ADHD. Among this
group, approximately 80 percent receive treatment, with 65-90 percent demonstrating clinical ADHD symptoms that persist into adulthood.
Adult ADHD prevalence is estimated at approximately 11 million patients (4.4 percent), almost double the size of the child and adolescent
segment combined, however, only an estimated 20 percent receive treatment.
the CTx-1301 Phase 3 Pediatric/Adolescent Fixed Dose Study
first pivotal Phase 3 trial of CTx-1301 (CTx-1301-005, NCT05286762) is a double-blind, randomized, placebo-controlled, multi-center,
fixed-dose, parallel-group efficacy and safety study in a pediatric population (6-17) with ADHD. The study will be comprised of a screening
period, a double-blind randomized phase, and a safety follow-up visit.
primary endpoint of the trial is mean change in ADHD Rating Scale 5 (ADHD-RS-5) scores from baseline (pre-dose) at Visit 2 to ADHD-RS-5
scores at Visit 8. The secondary endpoint is mean change in Clinical Global Impression - Severity (CGI-S) scores within the same time
frame. Multiple safety and pharmacokinetic analyses will also be measured.
lead candidate, CTx-1301, utilizes Cingulate's proprietary PTR drug delivery platform to create a breakthrough, multi-core
formulation of the active pharmaceutical ingredient dexmethylphenidate, a compound approved by the FDA for the treatment of ADHD. Dexmethylphenidate
is part of the stimulant class of medicines and increases norepinephrine and dopamine activity in the brain to affect attention and behavior.
stimulants are the gold-standard of ADHD treatment due to their efficacy and safety, the long-standing challenge remains, providing patients
entire active-day duration of action. CTx-1301 is designed to precisely deliver three releases of medication at the predefined time,
ratio, and style of release to optimize patient care in one tablet. The result is a rapid onset and entire active-day efficacy, with
the third dose being released around the time when other extended-release stimulant products begin to wear off.
Precision Timed Release (PTR ) Platform Technology
is developing ADHD and anxiety disorder product candidates capable of achieving true once-daily dosing using Cingulate's innovative
PTR drug delivery platform technology. It incorporates a proprietary Erosion Barrier Layer (EBL) providing control of drug release at
precise, pre-defined times with no release of drug prior to the intended release. The EBL technology is enrobed around a drug-containing
core to give a tablet-in-tablet dose form. It is designed to erode at a controlled rate until eventually the drug is released from the
core tablet. The EBL formulation, Oralogik , is licensed from BDD Pharma.
intends to utilize its PTR technology to expand and augment its clinical-stage pipeline by identifying and developing additional product
candidates in other therapeutic areas in addition to Anxiety and ADHD where one or more active pharmaceutical ingredients need to be
delivered several times a day at specific, predefined time intervals and released in a manner that would offer significant improvement
over existing therapies. To see Cingulate's PTR Platform click here.
Inc. (NASDAQ: CING), is a biopharmaceutical company utilizing its proprietary PTR drug delivery platform technology to build and
advance a pipeline of next-generation pharmaceutical products, designed to improve the lives of patients suffering from frequently diagnosed
conditions characterized by burdensome daily dosing regimens and suboptimal treatment outcomes. With an initial focus on the treatment
of ADHD, Cingulate is identifying and evaluating additional therapeutic areas where PTR technology may be employed to develop future
product candidates, including to treat anxiety disorders. Cingulate is headquartered in Kansas City. For more information visit Cingulate.com.
press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include all statements, other than
statements of historical fact, regarding our current views and assumptions with respect to future events regarding our business, including
statements with respect to our plans, assumptions, expectations, beliefs and objectives with respect to product development, clinical
studies, clinical and regulatory timelines, market opportunity, competitive position, business strategies, potential growth opportunities
and other statements that are predictive in nature.
statements are generally identified by the use of such words as "may," "could," "should," "would,"
"believe," "anticipate," "forecast," "estimate," "expect," "intend,"
"plan," "continue," "outlook," "will," "potential" and similar statements
of a future or forward-looking nature. Readers are cautioned that any forward-looking information provided by us or on our behalf is
not a guarantee of future performance. Actual results may differ materially from those contained in these forward-looking statements
as a result of various factors disclosed in our filings with the Securities and Exchange Commission (SEC), including the "Risk
Factors" section of our Annual Report on Form 10-K filed with the SEC on March 10, 2023. All forward-looking statements speak only
as of the date on which they are made, and we undertake no duty to update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise, except to the extent required by law.
Investor Relations: Media Relations
Matt Kreps Thomas Dalton Melyssa Weible
Darrow Associates Vice President, Investor & Public Elixir Health Public Relations
mkreps@darrowir.com Relations, Cingulate mweible@elixirhealthpr.com
(214) 597-8200 tdalton@cingulate.com (201) 723-5805
(913) 942-2301

Frequently Asked Questions

What is CTx-1301 used to treat?

CTx-1301 is an investigational treatment being developed for ADHD.

When do the pediatric Phase 3 studies start?

The pediatric Phase 3 studies are scheduled to begin in July and August 2023.

What technology does Cingulate use for drug delivery?

Cingulate uses its proprietary Precision Timed Release (PTR) platform technology.

What is the primary endpoint of the Phase 3 study?

The primary endpoint is the change in ADHD Rating Scale 5 scores from baseline.

How many children are affected by ADHD in the U.S.?

Approximately 6.4 million children in the U.S. have been diagnosed with ADHD.

Last updated: Jun 29, 2023