Funny, I got the same gist of that in a spam email pumper of CTXR. Check out the disclaimer it had!
UltimateStockAlerts
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Hello!
This is a trade update of our newest opportunity, CTXR.
We first brought CTXR to your attention in December, when it was trading at just 0.60.
Since then it has rallied upwards of 141% to a recent high of 1.45.
After some bullish consolidation since reaching this high, yesterday, CTXR closed at the highest level (1.30) in more than 6 months, a potentially positive indicator.
Furthermore, CTXR closed near the high of day of 1.33, another potentially positive indicator.
A breakout above its recent highs could present increased upside potential.
Here are some of the company’s highlights from their most recent shareholder update:
“Closing on a recent $7 million capital raise to advance ongoing research”
“A recent modification to the primary endpoint of the pivotal Phase III trial for Mino-Lok that substantially reduced the required trial sample size from 700 to approximately 144 subjects, significantly reducing the trial's expense and accelerating its completion”
“An expanded relationship with MD Anderson Cancer Center for a worldwide license for Mino-Wrap and the preparation for a pre-IND meeting with the FDA”
“Reformulating the topical formulation (now Halo-Lido) for the treatment of hemorrhoids based on results from an initial Phase II study. A toxicology study will be initiated by year-end ahead of an expanded Phase II study to start in 2020”
CTXR could be on the verge of another breakout higher.
Sources: Update, Presentation, PR1, PR2, PR3, PR4, PR5, Website, Chart
Happy Trading!
UltimateStockAlerts
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