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Citius Pharmaceuticals Mourns the Loss of Board Member, Howard Safir Citius Pharmaceuticals, Inc. ("Citius" or the "Company") (Nasdaq: CTXR) mourns the loss of longtime board member, Howard Safir, who passed away on...

Key Takeaway: Citius Pharmaceuticals announced the passing of Howard Safir, a longtime board member who served since 2014. His leadership and insights were instrumental in shaping the company's growth. The CEO expressed deep condolences to Safir's family and friends, highlighting his legacy of public service and contributions to the company.
Price reaction · baseline $19.52 (2023-09-12 close) · hit after-hours · 1 other CTXR headline(s) in the window, move may be shared
day 0 close · peak
-6.5%
day 1
-2.7%
day 3
-5.8%

Market Sentiment Analysis

CONCERNS & RISKS

  • The company mourns the loss of board member Howard Safir.
  • Howard Safir provided invaluable counsel for nearly a decade.
  • His passing is a significant loss for the Citius family.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+42%
120-day peak, hindsight
Typical move
7.8%
average across 2 past catalysts
Cash runway
~6 mo
High dilution risk
Lead asset
Monad 1
Phase 2 · Hemorrhoids

Full Press Release Details

CRANFORD, N.J. , Sept. 13, 2023 /PRNewswire/ -- Citius Pharmaceuticals, Inc. ("Citius" or the "Company") (Nasdaq: CTXR ) mourns the loss of longtime board member, Howard Safir , who passed away on Monday. Mr. Safir joined the Citius Board of Directors in 2014, providing invaluable counsel to the Citius management team for nearly a decade.
"We are deeply saddened to announce the passing of our friend and longtime board member, Howard Safir . Howard was an outstanding and admirable leader whose insights helped shape the growth of Citius for almost ten years. We are honored to have worked alongside Howard on the Citius board and grateful for his thoughtful guidance, wisdom, and friendship," said Leonard Mazur , Chairman and Chief Executive Officer of Citius Pharmaceuticals. "On behalf of our entire organization and Board of Directors, we wish to extend our deepest condolences and sympathies to Howard's family and friends. May his legacy be an enduring commitment to positively impacting society."
Throughout his distinguished career, Howard Safir's dedication to public service was an inspiration to many. Prior to joining the Citius Board of Directors in 2014, Howard served as Chairman and Chief Executive Officer multiple security consulting firms following his tenures as the 39th Police Commissioner of the City of New York , Associate Director for Operations of the US Marshals Service, and Assistant Director of the Drug Enforcement Administration. In addition to his role as the Lead Independent Director at Citius, he served on the boards of several life science and technology companies. He will be greatly missed by the Citius family.
About Citius Pharmaceuticals, Inc.
Citius is a late-stage biopharmaceutical company dedicated to the development and commercialization of first-in-class critical care products, with a focus on oncology, anti-infectives in adjunct cancer care, unique prescription products, and stem cell therapies. The Company's diversified pipeline includes two late-stage product candidates, Mino-Lok ® , an antibiotic lock solution for the treatment of patients with catheter-related bloodstream infections, which is currently enrolling patients in a Phase 3 Pivotal superiority trial, and LYMPHIR ™ , a novel IL-2R immunotherapy for an initial indication in CTCL. Mino-Lok was granted Fast Track designation by the FDA. LYMPHIR received orphan drug designation by the FDA for the treatment of CTCL and PTCL. At the end of March 2023 , Citius completed enrollment in its Phase 2b trial of CITI-002, a topical formulation for the relief of hemorrhoids. For more information, please visit www.citiuspharma. com .
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Frequently Asked Questions

Who was Howard Safir?

Howard Safir was a longtime board member of Citius Pharmaceuticals and a leader in public service.

When did Howard Safir pass away?

Howard Safir passed away on September 11, 2023.

What was Howard Safir's role at Citius?

He served on the Board of Directors since 2014 and was the Lead Independent Director.

How did Citius Pharmaceuticals honor Howard Safir?

Citius expressed deep condolences and recognized his invaluable contributions to the company.

Last updated: Sep 13, 2023