Citius set back in bid to revive med for rare form of non-Hodgkin's

31 July 2023

The US Food and Drug Administration has dealt a blow to the market value of New Jersey, USA-based oncology company Citius Pharmaceuticals (Nasdaq: CTXR).

Ahead of the opening bell on Monday, shares in the company had fallen by over a fifth, following news of a Complete Response Letter (CRL) related to its regulatory submission for denileukin diftitox, also known as Lymphir.

Citius is developing the interleukin (IL)-2-diphtheria toxin fusion protein to treat people with relapsed or refractory cutaneous T-cell lymphoma (CTCL), after at least one prior systemic therapy.

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