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Citius Pharmaceuticals Receives $2.4M Through NJ Economic Development Program

Allows the company to convert certain losses from operations into non-diluted funding to continue advancing its pipeline.

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By: Charlie Sternberg

Associate Editor

Citius Pharmaceuticals Inc., a late-stage biopharmaceutical company dedicated to the development and commercialization of first-in-class critical care products, has received $2.4 million in non-dilutive capital through New Jersey’s Technology Business Tax Certificate Transfer Program, more commonly known as the Net Operating Loss (NOL) Program, funded through the New Jersey Economic Development Authority (NJEDA).   The NOL Program enables participants to sell their New Jersey net operati...

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