🏒💊This $1 Biotech has lots of “shots on goal”

*Sponsored by Lifewater Media Hey guys and gals, Jason Bond here again. Just a quick update. My previous idea went up over 40% since I mentioned it to you – just last week. Don’t take your eye off this firecracker! 🧨 Today, I have another super idea I think you should look into. One thing I have noticed recently is how hot the biotech sector is, especially with smaller stocks. A day doesn’t go by that I don’t notice another smaller biotech stock that is making a huge move, and I have never heard of it before. Today, I want to introduce you to one that might not be on your trading radar yet… but it should be! The company is [Citius Pharmaceuticals]( (CTXR) What really got my attention here was a recent press release they issued a few days ago Of course, every company has an annual update, but when I dug into this one I found some exciting information that I don’t think a lot of other people have picked up on yet. Let’s start with the fact that CTXR is sitting on a lot of cash right now. I like a strong balance sheet, and this got my attention right away. In the [press release](, CTXR reported that as of Dec 31, 2022 they had a whopping $36.9 million in cash on hand. CTXR estimates that its available cash resources will be sufficient to fund its operations all the way through February 2024. You can never rule out the need to raise more capital, but right now, it appears to me that CTXR is cashed up for quite a while, which should be great news for shareholders. How many times have you been in a stock that you liked, only to see them issue a lot of new stock to raise more capital? It just happened to me this week on a different stock, and I can tell you it is so frustrating as a trader. I don’t think I have that same type of risk on this stock. Also, management is on the same playing field with investors. From their [website](, you can see that the founders have put in a considerable amount of money.  Over $26 million invested by founders is some real “skin in the game” if you ask me. This would lead me to believe that not only is the management looking to do what is in the best interest of shareholders, but they are going to use their cash very wisely – since so much of their own money is invested! Also looking at their website, you’ll see that the company has what I call “[multiple shots on goal](”. When it comes to a biotech company, we all know that the odds of getting a final FDA approval are hard to come by, but the rewards are great if it happens. When a company has multiple trials running, the odds of at least one trial proving successful goes up. As an investor, I am only looking for just one trial to succeed. If that happens, it is a gamechanger for the company as well as the investors. If you look at the pipeline from CTXR, you will clearly see that there are multiple ways for the company to “win”. And check out this [awesome timeline]( they are projecting for upcoming event catalysts for what they have in the pipeline… Getting to a “Phase III” trial is quite an achievement.  If you have traded biotech stocks, then you know most of them die at the “Phase II” stage. CTXR however, reported an uptick in patient recruitment for their Mino-Lok Phase 3 trial.  CTXR was also granted “Fast Track” designation by the FDA Their I/ONTAK compound has even received orphan drug designation by the FDA. Since it is in such an advanced phase, I think this is the “shot on goal” I am most interested in and looks like they will have a crucial event later this year. CTXR also reported in the press release above that their Halo-Lido Phase 2b trial nearing completion. I can’t speculate on the odds of this being successful, but it is… that would be HUGE for the company. That would give them two catalysts in Phase III trials.  This will be exciting to keep an eye on because it looks like this announcement will be coming up soon from the timeline they showed above. From a [technical trading perspective](, you have to like where the stock is at right now. CTXR stock is just trading barely above $1, which has been a crucial line in the sand for support / resistance in the past, and you also have some critical announcements coming up soon. If any one of those announcements turns out to be positive, then I think it would completely change the outlook for CTXR. I am really excited to see what happens with this company over the next few months. There is so much potential around the corner! In summary, I think the company sums up the opportunity here very well. I just copied this from their website: CTXR is a late-stage biopharmaceutical company focused on the development and commercialization of first-in-class critical care products, with a diversified pipeline of five active programs. Three of its pipeline candidates would be the first and only prescription treatments in their indications if approved by the FDA. The Company has two late-stage product candidates and one product in Phase 2 clinical development. All in all, this is an [amazing opportunity]( to look into. I really encourage you to do your own research on CTXR, and understand more about the risks and potential upside possibilities. Get started by checking everything out on their [website](. I hope you have a great day of trading. Good luck! *Please see disclosures below Jason Bond [👀 See Who Just Passed 3 Million In Private Investing 👀]( * sponsored content [🧾 Talk Is Cheap. 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