Cingulate Inc. Secures $5 Million Financing Boost
Strategic Funding to Advance Drug Pipeline
Biopharmaceutical company Cingulate Inc. (CING) has announced a significant financing arrangement, securing $5 million through an unsecured promissory note with Streeterville Capital, LLC. This crucial funding will support the company’s clinical, manufacturing, and regulatory activities, extending its cash runway into the fourth quarter of 2025.
Enhancing Market Competitiveness and Investor Appeal
This strategic move positions Cingulate to make substantial progress on its drug pipeline, including the anticipated mid-2025 NDA filing for CTx-1301. By doing so, the company aims to improve its market competitiveness and appeal to investors. With this financing in place, Cingulate is poised to take its innovative therapeutic solutions to the next level.
About Cingulate Inc.
Cingulate Inc. is a pioneering biopharmaceutical company that leverages its proprietary Precision Timed Release (PTR) drug delivery technology to develop a pipeline of next-generation pharmaceutical products. The company’s primary focus is on improving treatments for frequently diagnosed conditions with suboptimal outcomes, initially targeting ADHD and exploring further applications in areas such as anxiety disorders. Headquartered in Kansas City, Cingulate is committed to enhancing patient care through innovative therapeutic solutions.
Key Stock Performance Metrics
- YTD Price Performance: -95.53%
- Average Trading Volume: 133,127
- Technical Sentiment Consensus Rating: Buy
- Current Market Cap: $13.17M
For more in-depth analysis and data about CING stock, visit TipRanks’ Stock Analysis page.
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