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Citius Pharmaceuticals Announces Filing of Form S-3 Shelf Registration Statement to Replace Expiring Prior Shelf Registration Citius Pharmaceuticals, Inc. ("Citius" or the "Company") (Nasdaq: CTXR), a late-stage biopharmaceutical company dedicated to the development and...

Key Takeaway: Citius Pharmaceuticals has filed a Form S-3 shelf registration statement to replace its expiring registration. This move is part of the company's ongoing efforts to support its late-stage product candidates, including Mino-Lok and LYMPHIR. The company is also advancing its Phase 2b trial for CITI-002, indicating a strong pipeline.
Price reaction · baseline $19 (2024-02-23 close) · clean, no other CTXR news in the window
day 0 close · peak
-2.5%

Market Sentiment Analysis

POSITIVE FACTORS

  • Citius filed a new Form S-3 registration statement.
  • The company is advancing its late-stage product candidates.
  • Citius has received orphan drug designation for LYMPHIR.

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. , Feb. 26, 2024 /PRNewswire/ -- Citius Pharmaceuticals, Inc. ("Citius" or the "Company") (Nasdaq: CTXR ), a late-stage biopharmaceutical company dedicated to the development and commercialization of first-in-class critical care products, today announced that the Company filed a Form S-3 shelf registration on February 23, 2024 with the Securities and Exchange Commission to replace its currently effective shelf registration statement that expires in April 2024 pursuant to SEC rules.
About Citius Pharmaceuticals, Inc.
Citius Pharma is a late-stage biopharmaceutical company dedicated to the development and commercialization of first-in-class critical care products. The Company's diversified pipeline includes two late-stage product candidates. At the end of 2023, Citius completed enrollment in a Phase 3 Pivotal superiority trial of Mino-Lok®, an antibiotic lock solution to salvage catheters in patients with catheter-related bloodstream infections. Citius has recently resubmitted the Biologics License Application for LYMPHIR™, a novel IL-2R immunotherapy for an initial indication in the treatment of cutaneous T-cell lymphoma. Citius previously announced plans to form Citius Oncology, a standalone publicly traded company with LYMPHIR as its primary asset. LYMPHIR received orphan drug designation by the FDA for the treatment of CTCL and PTCL. In addition, Citius completed enrollment in its Phase 2b trial of CITI-002 (Halo-Lido), a topical formulation for the relief of hemorrhoids. For more information, please visit www.citiuspharma.com .

Frequently Asked Questions

What is the purpose of the Form S-3 filing?

The Form S-3 filing is to replace the expiring shelf registration statement.

What products are in Citius Pharmaceuticals' pipeline?

Citius has late-stage candidates like Mino-Lok and LYMPHIR.

What is LYMPHIR's indication?

LYMPHIR is indicated for the treatment of cutaneous T-cell lymphoma.

What trial did Citius complete enrollment for?

Citius completed enrollment in a Phase 3 trial for Mino-Lok.

Last updated: Feb 26, 2024