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8-K: Cingulate Reports Second Quarter 2024 Financial Results and Provides Development Update on Major Milestones Achieved

8-K: Cingulate Reports Second Quarter 2024 Financial Results and Provides Development Update on Major Milestones Achieved

8-K:Cingulate公布2024年第二季度财务业绩,并提供已实现的重大里程碑的最新发展情况
美股SEC公告 ·  2024/08/13 08:02

Moomoo AI 已提取核心信息

Cingulate Inc. received FDA clearance to file for marketing approval of CTx-1301, its ADHD treatment candidate, with NDA submission targeted for 1H 2025. The company completed manufacturing of twelve registration batches required for FDA submission and is progressing with final clinical activities including a Food Effect Study and data analysis of Phase 3 trials.Financial results for Q2 2024 showed a net loss of $3.2M, down from $6.6M in Q2 2023. R&D expenses decreased to $1.9M from $4.5M YoY due to reduced clinical activity. The company raised $1.6M through a warrant inducement in July 2024, with cash position at $0.4M as of June 30, 2024, expected to fund operations into Q3 2024.The company completed a 1-for-12 reverse stock split on August 9, 2024, to maintain Nasdaq listing compliance. Cingulate continues to explore licensing opportunities for CTx-1301 both inside and outside the US, supported by positive feedback from a payer study covering 121 million lives that showed favorable coverage potential.
Cingulate Inc. received FDA clearance to file for marketing approval of CTx-1301, its ADHD treatment candidate, with NDA submission targeted for 1H 2025. The company completed manufacturing of twelve registration batches required for FDA submission and is progressing with final clinical activities including a Food Effect Study and data analysis of Phase 3 trials.Financial results for Q2 2024 showed a net loss of $3.2M, down from $6.6M in Q2 2023. R&D expenses decreased to $1.9M from $4.5M YoY due to reduced clinical activity. The company raised $1.6M through a warrant inducement in July 2024, with cash position at $0.4M as of June 30, 2024, expected to fund operations into Q3 2024.The company completed a 1-for-12 reverse stock split on August 9, 2024, to maintain Nasdaq listing compliance. Cingulate continues to explore licensing opportunities for CTx-1301 both inside and outside the US, supported by positive feedback from a payer study covering 121 million lives that showed favorable coverage potential.
Cingulate Inc. 获得FDA批准,申请CTx-1301的市场营销许可,其ADHD治疗候选药物的NDA提交目标为2025年上半年。该公司已完成FDA提交所需的12个注册批次的生产,并正在进行包括食物效应研究和3期试验数据分析在内的最终临床活动。2024年第二季度的财务结果显示净亏损为320万美元,低于2023年第二季度的660万美元。研发费用从去年的450万美元降至190万美元,原因是临床活动减少。该公司在2024年7月通过发行认股权证筹集了160万美元,截至2024年6月30日现金状况为40万美元,预计可以支持运营到2024年第三季度。该公司在2024年8月9日进行了1比12的反向股票拆分,以维持纳斯达克上市合规性。Cingulate继续探索CTx-1301在美国境内外的许可机会,得到了涵盖12100万生活的支付者研究的积极反馈,显示出良好的覆盖潜力。
Cingulate Inc. 获得FDA批准,申请CTx-1301的市场营销许可,其ADHD治疗候选药物的NDA提交目标为2025年上半年。该公司已完成FDA提交所需的12个注册批次的生产,并正在进行包括食物效应研究和3期试验数据分析在内的最终临床活动。2024年第二季度的财务结果显示净亏损为320万美元,低于2023年第二季度的660万美元。研发费用从去年的450万美元降至190万美元,原因是临床活动减少。该公司在2024年7月通过发行认股权证筹集了160万美元,截至2024年6月30日现金状况为40万美元,预计可以支持运营到2024年第三季度。该公司在2024年8月9日进行了1比12的反向股票拆分,以维持纳斯达克上市合规性。Cingulate继续探索CTx-1301在美国境内外的许可机会,得到了涵盖12100万生活的支付者研究的积极反馈,显示出良好的覆盖潜力。
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