Cingulate Secures ADHD Treatment Patent Until 2042
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Cingulate announced the issuance of its first company-owned U.S. patent covering its lead asset, CTx-1301, for the treatment of Attention Deficit Hyperactivity Disorder, or ADHD. The patent, issued by the United States Patent and Trademark Office, or USPT, on June 16, as U.S. Patent No. 12,653,791, protects key aspects of CTx-1301's formulation and method of use through December 2042.
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Analyst Views on CING
Wall Street analysts forecast CING stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 5.120
Low
8.00
Averages
27.33
High
58.00
Current: 5.120
Low
8.00
Averages
27.33
High
58.00
About CING
Cingulate Inc. is a biopharmaceutical company. The Company offers Precision Timed Release (PTR), which is a drug delivery platform technology to build and advance a pipeline of pharmaceutical products designed to improve the lives of patients suffering from frequently diagnosed conditions characterized by burdensome daily dosing regimens and suboptimal treatment outcomes. It focuses on the treatment of attention deficit/hyperactivity disorder (ADHD) and anxiety. Its PTR platform incorporates an erosion barrier layer (EBL) designed to allow for the release of drug substances at specific, pre-defined time intervals. It develops stimulant medications which include CTx-1301 (dexmethylphenidate) and CTx-1302 (dextroamphetamine) for the treatment of ADHD across all three patient segments: children (aged 6 -12), adolescents (aged 13-17), and adults (aged 18+). It also develops CTx-2103 (buspirone), for the treatment of anxiety.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Clear Priorities: CEO Shane J. Schaffer emphasized that the immediate priority is to complete the ongoing CMC work with their manufacturing partner, with expectations to quickly address the outstanding requests and efficiently move towards resubmission.
- Strong Financial Position: The company holds nearly $30 million in cash reserves, which is deemed sufficient to tackle the issues raised by the FDA and to execute the resubmission process while continuing pre-commercial activities into 2027, ensuring competitive positioning in the market.
- Positive Stock Reaction: Following a closing price of $3.60 on Monday, Cingulate's shares rose over 5% in pre-market trading, reflecting market optimism regarding the company's future developments.
See More
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- Strong Financial Position: The company is well-capitalized with nearly $30 million in cash reserves, which is sufficient to address the FDA's requests and execute the resubmission process while continuing pre-commercial activities into 2027, ensuring ongoing business momentum.
- Significant Market Potential: The U.S. ADHD market has approximately 100 million annual prescriptions, with over 20 million diagnosed patients, including 12 million adults, indicating a rapidly growing demand for adult ADHD treatments, positioning Cingulate's products favorably in this expanding market.
- Technological Platform Advantage: CTx-1301 utilizes Cingulate's Precision Timed Release (PTR) platform designed to provide rapid onset and all-day efficacy, with the company's innovative technology poised to significantly improve treatment outcomes in ADHD, enhancing patient medication experiences.
See More
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See More
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