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CTXR

Citius Pharmaceuticals

$1.72

-0.055 (-3.11%)

08:08
09/25/18
09/25
08:08
09/25/18
08:08

Citius announces issuance of patent related to antimicrobial solutions

Citius Pharmaceuticals received notice from MD Anderson Cancer Center, or MDACC, that the US Patent and Trademark Office, or USPTO, will issue United States Patent Number 10/086,114 entitled "Antimicrobial Solutions with Enhanced Stability" on October 2, 2018. The new invention overcomes limitations in mixing antimicrobial solutions in which components have precipitated because of physical and/or chemical factors, thus limiting the stability of the post-mix solutions. Mino-Lok is currently being studied in phase 3 in over a dozen medical centers in the United States. There are currently no approved therapies to salvage infected CVCs.

CTXR Citius Pharmaceuticals
$1.72

-0.055 (-3.11%)

05/23/18
HCWC
05/23/18
INITIATION
Target $11
HCWC
Buy
Citius Pharmaceuticals initiated with a Buy at H.C. Wainwright
H.C. Wainwright analyst Jason Kolbert earlier today initiated Citius Pharmaceuticals with a Buy rating and $11 price target. The company's "unique" anti-biotic lock therapy drug combination Mino-Lok is enrolling 700 patients in a single Phase 3 trial, which should only require one trial for approval, to demonstrate that the drug can salvage infected central venous catheters versus having to remove them, Kolbert told investors in a research note. He expects the trial can be fully enrolled by Q4 of 2019 with data shortly after the last patient is treated. This could put Mino-Lok in the market by 2020, Kolbert contends. He sees the drug's opportunity at $500M-plus.

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