Cingulate Inc.
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Cingulate Provides Management Team Update
Globenewswire· 2025-08-15 13:00
Group 1 - Cingulate Inc. has placed its Chairman and CEO, Shane J. Schaffer, on administrative leave due to ongoing legal matters unrelated to the company [2] - Jennifer Callahan, the Chief Financial Officer, has been appointed as the interim CEO to ensure business continuity while retaining her CFO responsibilities [2][4] - Jay Roberts, a board member, has been appointed as Executive Chairman, bringing extensive operational expertise to support the management team [2][3] Group 2 - Cingulate remains committed to its mission of bringing CTx-1301 to patients with ADHD, having submitted a new drug application to the FDA in July [3] - The leadership team has the full confidence of the Board to guide the company forward, emphasizing a commitment to science, innovation, and shareholder value [3] - The executive team supporting Ms. Callahan includes experienced professionals in the ADHD category, such as Dr. Matt Brams, Dr. Raul Silva, and Nilay Patel [5] Group 3 - Cingulate Inc. is a biopharmaceutical company focused on developing next-generation pharmaceutical products using its proprietary PTR drug delivery platform technology [6] - The company aims to improve treatment outcomes for patients with conditions requiring burdensome daily dosing regimens, initially focusing on ADHD and exploring additional therapeutic areas like anxiety disorders [6]
Cingulate Submits New Drug Application to FDA for Lead ADHD Asset CTx-1301
Globenewswire· 2025-08-06 12:45
Core Insights - Cingulate Inc. has submitted a New Drug Application (NDA) to the FDA for CTx-1301, a medication aimed at providing once-daily symptom control for ADHD patients [1][2][3] - CTx-1301 is designed to address limitations of current ADHD therapies by offering fast onset and entire active-day efficacy with a single dose [2][3] - The ADHD market in the U.S. is valued at approximately $23 billion, and Cingulate aims to capture a significant share with CTx-1301 [3] Company Overview - Cingulate Inc. is a biopharmaceutical company focused on developing next-generation pharmaceutical products using its proprietary Precision Timed Release™ (PTR™) drug delivery platform [1][8] - The company is headquartered in Kansas City and is transitioning from a development-stage company to a commercial organization [3][8] Product Details - CTx-1301 is an extended-release tablet formulation of dexmethylphenidate, designed to provide a smooth pharmacokinetic profile and address the need for entire active-day efficacy [2][5] - The medication utilizes a multi-core formulation to deliver three releases of the active ingredient at predefined times, optimizing patient care [5][6] Market Context - ADHD affects over 20 million patients in the U.S., with a significant portion being adults; the prevalence of adult ADHD is growing faster than that of children and adolescents [4] - In 2022, only 53.6% of children and teens with ADHD were actively treating their symptoms with medication, indicating a substantial unmet need in the market [4] Technology Platform - The PTR™ platform technology includes an Erosion Barrier Layer (EBL) that controls drug release at precise times, allowing for true once-daily dosing [6][7] - Cingulate plans to leverage the PTR technology to develop additional product candidates in other therapeutic areas beyond ADHD [6][8]
Cingulate Receives $4.3M Waiver from FDA Ahead of Imminent Filing for Marketing Approval of Lead ADHD Asset CTx-1301
Globenewswire· 2025-07-29 12:00
Core Insights - Cingulate Inc. has received a PDUFA fee waiver from the FDA for its new drug application for CTx-1301, which is aimed at treating ADHD, saving the company approximately $4.3 million [1][2][3] Company Overview - Cingulate Inc. is a biopharmaceutical company focused on developing next-generation pharmaceutical products using its proprietary Precision Timed Release™ (PTR™) drug delivery platform [1][6] - The company is headquartered in Kansas City and aims to improve treatment outcomes for patients with conditions requiring complex dosing regimens [6][7] Product Information - CTx-1301 is Cingulate's lead candidate, utilizing the PTR platform to deliver dexmethylphenidate in a multi-core formulation designed for optimal patient care [4] - The drug aims to provide a full-day efficacy by releasing medication at three precise intervals, addressing the challenge of maintaining effective treatment throughout the day [4] Market Context - ADHD affects over 20 million patients in the U.S., with a significant portion being adults; current treatment trends indicate a growing prevalence of adult ADHD [3] - In 2022, only 53.6% of children and teens diagnosed with ADHD were actively treating their symptoms with medication, highlighting a potential market opportunity for effective treatments [3]
Cingulate Appoints Nilay Patel as Chief Legal Officer to Support Growth ahead of New Drug Application
Globenewswire· 2025-07-09 12:00
Core Insights - Cingulate Inc. has appointed Nilay Patel as Chief Legal Officer as the company prepares to file a new drug application for its ADHD treatment CTx-1301 [1][3] - Patel brings over 20 years of legal and compliance experience in the pharmaceutical industry, having previously held senior roles at Ironshore Pharmaceuticals and Grifols [2][3] - Cingulate's lead candidate, CTx-1301, utilizes the proprietary Precision Timed Release™ (PTR™) platform to optimize ADHD treatment by providing multiple releases of medication throughout the day [6][7] Company Overview - Cingulate Inc. is a biopharmaceutical company focused on developing next-generation pharmaceutical products using its PTR drug delivery platform [1][8] - The company aims to improve treatment outcomes for patients with conditions requiring complex dosing regimens, starting with ADHD and potentially expanding to anxiety disorders [8] Product Details - CTx-1301 is designed to deliver dexmethylphenidate in a multi-core formulation, providing a rapid onset and sustained efficacy throughout the day [6] - The drug aims to address the challenge of providing effective treatment for ADHD patients, particularly adults, who often experience persistent symptoms [5][6] Market Context - ADHD affects over 20 million individuals in the U.S., with a significant portion being adults; current treatment options are often inadequate for long-term management [5] - The prevalence of adult ADHD is increasing, indicating a growing market opportunity for effective treatment solutions [5]
Allarity Therapeutics Announces Appointment of Jeff Ervin as Chief Financial Officer
Globenewswire· 2025-07-07 12:00
Core Insights - Allarity Therapeutics has appointed Jeff Ervin as the new Chief Financial Officer, succeeding Alexander Epshinsky, who will assist during the transition period [1][3] Group 1: Leadership Appointment - Jeff Ervin brings nearly two decades of executive leadership experience in healthcare and biotech, previously serving as Co-CFO at DayDayCook and CEO at IMAC Holdings [2] - Ervin holds an MBA in Finance and Strategy from Vanderbilt University and a BS in Finance from Miami University, with additional education in corporate strategy from Stanford University [3] Group 2: Company Focus and Technology - Allarity is focused on developing stenoparib, a dual PARP and WNT pathway inhibitor, as a personalized cancer treatment using its proprietary Drug Response Predictor (DRP) technology [1][4] - Stenoparib targets PARP1/2 and tankyrase 1/2, showing potential for treating various cancers, including ovarian cancer, and has exclusive global rights for its development and commercialization [4][6] Group 3: Drug Response Predictor (DRP) - The DRP technology selects patients likely to benefit from specific drugs based on gene expression signatures, enhancing therapeutic benefit rates [5] - The DRP platform has demonstrated statistically significant predictions of clinical outcomes across numerous studies, making it applicable to all cancer types and patented for various anti-cancer drugs [5]
Efficacy Results Announced from Cingulate’s Phase 3 Pediatric Study of CTx-1301 (dexmethylphenidate) for ADHD
Globenewswire· 2025-05-20 12:00
Core Insights - Cingulate Inc. announced positive efficacy results for its lead asset CTx-1301 in a Phase 3 clinical study for ADHD treatment, demonstrating significant improvements in symptoms within 5 weeks [1][3][5] - The company plans to submit a New Drug Application (NDA) to the FDA this summer, with expectations to launch CTx-1301 in multiple dosage strengths [1][2][4] Efficacy Results - The primary efficacy endpoint was measured using the ADHD-RS-5 rating scale, with statistically significant p-values of 0.018, 0.011, and 0.001 for the 18.75-mg, 25-mg, and 37.5-mg doses respectively [5][10] - Effect sizes ranged from 0.737 to 1.185 across all doses, indicating robust therapeutic benefits [3][10] Safety Profile - CTx-1301's safety profile has remained consistent across eight clinical trials, with a final analysis combining adult and pediatric data planned for the NDA submission [4][6] Market Context - ADHD affects over 20 million individuals in the U.S., with a significant portion of patients remaining untreated [6] - The adult ADHD prevalence is growing faster than that of children and adolescents, highlighting a substantial market opportunity for effective treatments [6] Product Overview - CTx-1301 utilizes Cingulate's proprietary Precision Timed Release™ (PTR™) platform, designed to provide a multi-core formulation for optimized medication delivery [7][8] - The product aims to offer a full-day efficacy with a unique release mechanism that addresses the limitations of existing stimulant medications [7][8] Company Background - Cingulate Inc. focuses on developing next-generation pharmaceutical products to improve treatment outcomes for conditions like ADHD, with plans to expand into other therapeutic areas [9]
FDA and Cingulate Aligned with Filing Requirements for New Drug Application for Lead ADHD Asset CTx-1301
Globenewswire· 2025-05-14 12:00
Core Viewpoint - Cingulate Inc. is progressing towards submitting a New Drug Application (NDA) for its lead asset CTx-1301, a treatment for ADHD, following positive feedback from the FDA during a pre-NDA meeting [2][3]. Group 1: Company Overview - Cingulate Inc. is a biopharmaceutical company focused on developing next-generation pharmaceutical products using its proprietary Precision Timed Release™ (PTR™) drug delivery platform [2][9]. - The company aims to improve treatment outcomes for patients with conditions requiring frequent dosing regimens, starting with ADHD and potentially expanding to anxiety disorders [9]. Group 2: Product Details - CTx-1301 is designed to provide a once-daily stimulant medication for ADHD, utilizing a multi-core formulation of dexmethylphenidate, which is known for its efficacy and safety [5]. - The drug delivery system aims to optimize patient care by delivering three doses of medication at specific times throughout the day, addressing the challenge of maintaining efficacy over an entire active day [5][6]. Group 3: Market Context - ADHD affects over 20 million patients in the U.S., with a significant portion being adults; however, only 53.6% of children and teens with ADHD were actively treating their symptoms with medication in 2022 [4]. - The prevalence of adult ADHD is increasing at a faster rate than that of children and adolescents, indicating a growing market opportunity for effective treatments [4]. Group 4: Regulatory Insights - The FDA's pre-NDA meeting minutes indicate that Cingulate has adequate nonclinical safety data to support its filing and that the proposed approach to integrated safety and efficacy summaries appears reasonable [7]. - The agency has agreed to a post-NDA approval commitment for additional stability data for various dosage strengths of CTx-1301, with an expected shelf-life of 24 months at launch [7].
Cingulate Inc. Reports First Quarter 2025 Financial Results and Provides an Updated Timeline of Key Developments for its lead ADHD and Anxiety Assets
Globenewswire· 2025-05-08 20:30
Core Insights - Cingulate Inc. is on track to submit a New Drug Application (NDA) for its lead ADHD asset, CTx-1301, by mid-2025 following a productive Pre-NDA meeting with the FDA [2][3] - The company received a $3 million non-dilutive grant to accelerate the development of CTx-2103, an anxiety treatment, which will be paid in three installments [5][6] - Cingulate reported a net loss of $3.8 million for Q1 2025, an increase from $3.0 million in Q1 2024, attributed to heightened development activities and reinstated salaries [11][10] Company Updates - Cingulate completed its Pre-NDA meeting with the FDA on April 2, 2025, discussing the NDA submission for CTx-1301, which is designed to treat ADHD [3] - The company announced positive results from a food effect study of CTx-1301, indicating it can be taken with or without food [4] - Cingulate's cash position as of March 31, 2025, was approximately $9.5 million, down from $12.2 million at the end of 2024, providing a cash runway into Q4 2025 [7][13] Financial Performance - Research and development expenses for Q1 2025 were $2.2 million, a 23% increase from $1.8 million in Q1 2024, primarily due to increased personnel and regulatory costs [10] - General and administrative expenses rose to $1.5 million in Q1 2025, a 30% increase from $1.1 million in Q1 2024, driven by higher professional fees and personnel costs [10] - Working capital decreased to approximately $4.9 million as of March 31, 2025, from $7.7 million at the end of 2024, reflecting cash usage for operations [8][9] Product Development - CTx-2103 has the potential to be the first once-daily formulation of buspirone, targeting the $5.5 billion U.S. anxiety market [6] - The grant received for CTx-2103 will fund development through mid-2026, with royalties contingent on future commercialization [5] - Cingulate's proprietary Precision Timed Release™ (PTR™) platform technology aims to enhance drug delivery for ADHD and anxiety treatments [19][20]
Cingulate Announces Positive Top-Line Results from High-Dose (50mg) Fed/Fast Study of Lead Asset CTx-1301 for ADHD
Globenewswire· 2025-04-29 12:00
Core Insights - Cingulate Inc. announced positive top-line results from the CTx-1301-013 study, confirming that its lead candidate CTx-1301 can be taken with or without food, demonstrating a favorable tolerability profile [1][2][6] - CTx-1301 is designed to be a once-daily stimulant medication for ADHD, providing an entire active day of treatment with eight dose strengths for optimal patient care [3][9] - The study involved 27 healthy adult subjects and assessed the pharmacokinetics of a 50 mg dose of CTx-1301 in both fed and fasted states [4][5] Company Overview - Cingulate Inc. is a biopharmaceutical company focused on developing next-generation pharmaceutical products using its proprietary Precision Timed Release™ (PTR™) drug delivery platform [1][11] - The company aims to improve treatment outcomes for patients with conditions requiring frequent dosing regimens, starting with ADHD and potentially expanding to anxiety disorders [11] Product Details - CTx-1301 is a novel, investigational, trimodal, extended-release tablet formulation of dexmethylphenidate, which is FDA-approved for ADHD treatment [1][8] - The unique formulation of CTx-1301 allows for a rapid onset and sustained efficacy throughout the day, addressing the challenge of providing an entire active-day duration of action [9][10] Market Context - ADHD affects over 20 million patients in the U.S., with a significant portion of adults experiencing symptoms that persist from childhood [7] - Current trends indicate that the prevalence of adult ADHD is growing faster than that of children and adolescents combined [7]
Cingulate Receives $3 Million Grant from Private Foundation to Accelerate Development of Anxiety Asset CTx-2103 (buspirone)
Newsfilter· 2025-04-09 12:00
Core Insights - Cingulate Inc. has announced the development of CTx-2103, a once-daily formulation of buspirone aimed at addressing anxiety disorders, which represent a significant market opportunity valued at $5.5 billion in the U.S. and $11.6 billion globally [1][4] - The company has received a $3 million grant to accelerate the development of CTx-2103, which will be disbursed in three tranches based on product development milestones [2] - CTx-2103 is expected to reduce reliance on benzodiazepines, which are associated with withdrawal and dependency issues, thus providing a safer alternative for patients [1][4] Company Overview - Cingulate Inc. is a biopharmaceutical company focused on developing next-generation pharmaceutical products using its proprietary Precision Timed Release™ (PTR™) drug delivery platform [1][8] - The company aims to improve treatment outcomes for patients with conditions requiring frequent dosing regimens, with an initial focus on ADHD and anxiety disorders [8] Product Details - CTx-2103 is a novel multi-release tablet of buspirone that utilizes Cingulate's PTR™ technology, designed to provide controlled drug release at specific times [4][6] - Buspirone, the active ingredient, is a non-benzodiazepine anxiolytic that may have a lower side-effect profile compared to traditional anxiolytics, with no associated risk of physical dependence [4][5] Market Context - Anxiety disorders are the most prevalent mental health issues in the U.S., affecting an estimated 31% of adults at some point in their lives, highlighting a significant unmet medical need [4][5] - The COVID-19 pandemic has exacerbated anxiety-related disorders, increasing the urgency for effective treatment options [5]