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Cingulate Completes Financing Transaction for Net Proceeds of $5,000,000

Dec 23, 2024•over 1 year ago

Contract Type

partnership

Kansas CityBiotechnologyHealthcareHealth CarePharmaceuticalBiopharma

Description

Cingulate Inc. has completed a financing transaction, receiving net proceeds of $5 million from an accredited investor. The company intends to use the funds for working capital, planned expenditures for clinical, manufacturing, and regulatory activities, as well as operating costs into the fourth quarter of 2025.

Company Information

Company

Cingulate

Location

Kansas City, Missouri, United States

About

Cingulate® is a biopharmaceutical company utilizing its innovative Precision Timed Release™ (PTR) drug delivery platform technology to build and advance a pipeline of next-generation pharmaceutical products. We aim to improve the lives of patients suffering from frequently diagnosed conditions characterized by burdensome daily dosing regimens and suboptimal treatment outcomes. With an initial focus on the treatment of Attention Deficit/Hyperactivity Disorder (ADHD), we believe there are multiple therapeutic areas where our PTR technology may be employed to develop additional product candidates, notably anxiety disorders.

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