Cyclo Therapeutics, Inc. (CYTH) Bundle
A mission statement for a clinical-stage biotechnology company like Cyclo Therapeutics, Inc. (CYTH) isn't just a plaque on the wall; it's the financial engine driving a massive cash burn against a potential blockbuster payoff. They are a company 'dedicated to developing life-changing medicines through science and innovation for patients and families living with diseases,' a commitment that translates directly into a high-stakes balance sheet. Considering their 2023 full-year revenue of only $1.08 million, how do you evaluate the true value of a company that posted a net loss of approximately $8.8 million in just the third quarter of 2024 alone? The answer lies in their near-term 2025 milestones, specifically the anticipated topline data from the TransportNPC™ Phase 3 trial in the first half of 2025, which could unlock a New Drug Application submission targeted for the second half of 2025. This is a defintely a bet on the future, but are their core values and corporate structure-especially after the March 2025 merger with Rafael Holdings-strong enough to carry that risk?
Cyclo Therapeutics, Inc. (CYTH) Overview
Cyclo Therapeutics, Inc. (CYTH) is a clinical-stage biotechnology company that is defintely focused on developing life-changing medicines for patients and families living with rare neurodegenerative diseases. The company's core mission is centered on science and innovation, primarily advancing its lead drug candidate, Trappsol® Cyclo™ (hydroxypropyl beta cyclodextrin), for Niemann-Pick Type C disease (NPC1).
Founded in 1990 and headquartered in Gainesville, Florida, Cyclo Therapeutics has a history rooted in cyclodextrin technology. While the company is laser-focused on its clinical pipeline, it generates current sales from cyclodextrins and related products, such as Trappsol HPB and Trappsol Fine Chemical, which are sold to the pharmaceutical and nutritional industries. As of the last twelve months ending Q3 2024, the company's total revenue from these sales was approximately $870.73 thousand.
A significant corporate milestone occurred in March 2025 when the company completed its merger with Rafael Holdings, a move designed to accelerate the development of Trappsol® Cyclo™. This is a clinical-stage company, so the focus is on pipeline progress, not blockbuster sales-yet.
Financial Performance: Investing in the Future
When you look at Cyclo Therapeutics' latest financial reports, you need to think like a biotech investor: the net loss is the investment in future revenue. The company's financial performance in the latest reporting periods reflects a heavy commitment to its pivotal Phase 3 clinical trial, TransportNPC™. For the first quarter of 2024, the net loss was approximately $4.3 million, and for the second quarter of 2024, Research and Development (R&D) expenses increased by 10% year-over-year to $3.5 million.
This R&D spend is the critical number, showing the capital burn necessary to complete the trial. The company's core product, Trappsol® Cyclo™, is an orphan drug, meaning it treats a rare disease, which provides a clearer regulatory path and market exclusivity potential upon approval. Wall Street analysts project a Q4 2024 revenue of approximately $322 thousand, but this is a footnote to the main story: the clinical data readout. Here's the quick math: they are spending millions to chase a multi-billion dollar rare disease market.
- Q1 2024 Net Loss: $4.3 million.
- Q2 2024 R&D Expenses: $3.5 million.
- LTM Q3 2024 Revenue: $870.73 thousand.
A Leader in Rare Disease Therapeutics
Cyclo Therapeutics is establishing itself as a leader in the Niemann-Pick Type C1 (NPC1) treatment space, a rare and fatal genetic disease. The company's pivotal Phase 3 TransportNPC™ global study is the most comprehensive ongoing controlled pivotal study for NPC1, having completed enrollment of 104 patients. This scale and scope are what sets them apart.
Positive preliminary data from the Phase 3 sub-study, presented in early 2025, showed that 86% of the youngest patients (under 3 years old) demonstrated stabilization or improvement at 48 weeks, a hugely encouraging sign for the drug's potential. The company expects topline data from the main 48-week interim analysis in the first half of 2025, which could pave the way for a New Drug Application (NDA) submission to the FDA in the second half of 2025. This is the inflection point. To understand why Cyclo Therapeutics is successful and what their next steps are, you need to dig into their foundation: Cyclo Therapeutics, Inc. (CYTH): History, Ownership, Mission, How It Works & Makes Money.
Cyclo Therapeutics, Inc. (CYTH) Mission Statement
The mission statement of Cyclo Therapeutics, Inc. is the bedrock of its operational strategy, clearly defining the company's purpose: Dedicated to developing life-changing medicines through science and innovation for patients and families suffering from disease. This is not just a corporate platitude; it's a direct roadmap that guides every dollar of research and development (R&D) spending and every clinical trial decision.
The company's focus on Niemann-Pick Disease Type C1 (NPC1), a rare and fatal genetic disorder, shows this mission in action. Their goal is to provide hope, which is their vision, through patient-focused drug development to improve quality of life. This mission breaks down into three core components-the product, the process, and the people-which dictate the firm's near-term risks and opportunities.
Here's the quick math: the commitment to this mission is backed by a financial war chest that includes the $25 million in net proceeds from a rights offering closed in June 2025, specifically earmarked to advance their lead candidate, Trappsol® Cyclo™.
Exploring Cyclo Therapeutics, Inc. (CYTH) Investor Profile: Who's Buying and Why?
Developing Life-Changing Medicines: The Product Focus
The first core component is the commitment to developing life-changing medicines, which centers entirely on Trappsol® Cyclo™ (hydroxypropyl-beta-cyclodextrin). This proprietary formulation is an Orphan Drug designated product in both the United States and Europe, targeting the root cause of NPC1-the inability to transport cholesterol out of cells.
The key opportunity here is the ongoing Phase 3 TransportNPC™ study. The independent Data Monitoring Committee (DMC) recommended in June 2025 that the study continue for the full 96 weeks, a strong signal of confidence in the treatment's safety and efficacy profile from the prespecified 48-week interim analysis. Honestly, for a clinical-stage biotech, a clean DMC review is a major de-risking event.
This focus is about delivering a tangible product that addresses a significant unmet medical need. The company is defintely not chasing blockbuster indications; it's focused on a rare disease where a single successful drug can transform a community.
Through Science and Innovation: The Process Commitment
The second pillar is the reliance on science and innovation to drive their development process. This means rigorous clinical evaluation, not just quick fixes. Their lead candidate, Trappsol® Cyclo™, is being tested in the most comprehensive, controlled pivotal study ever conducted for an NPC1 investigational therapy, enrolling 94 patients across 13 countries.
The financial commitment to this rigorous process is clear. For the three months ended April 30, 2025, following the merger with Rafael Holdings, the company's R&D expenses were $3.0 million. This spending sustains a deep pipeline of work:
- Funding the 96-week Phase 3 TransportNPC™ study.
- Supporting the open-label sub-study for patients from birth to 3 years old.
- Advancing the Phase 2b clinical trial for Trappsol® Cyclo™ in early Alzheimer's disease.
What this estimate hides is the potential for a New Drug Application (NDA) submission in the second half of 2025, contingent on the topline data from the 48-week interim analysis. That's a massive milestone that would validate their scientific investment.
For Patients and Families: The Community Focus
The final and most empathetic component is the focus on patients and families suffering from disease. For a rare disease company, the patient community is a true partner, not just a market. Cyclo Therapeutics' commitment includes seeking out feedback from advocacy organizations and ensuring the patient voice informs their decision-making.
This patient-centricity is measurable in the clinical results. Data presented in September 2025 from the open-label sub-study for the youngest patients (under 3 years old) showed that 7 of 9 patients demonstrated stabilization or improvement in their clinical score after 48 weeks of treatment. This is a critical metric, as early intervention in NPC1 is believed to offer the most optimal results, potentially achieving a preventative effect on overall symptom development.
The company's strategic decision to continue the TransportNPC™ study, despite the financial cost, underscores this value. They are prioritizing the generation of the most robust, long-term data for a rare, devastating disease, even if it means a longer path to market. That's a strong signal to the patient community that their well-being comes first.
Cyclo Therapeutics, Inc. (CYTH) Vision Statement
You want to know what drives Cyclo Therapeutics, Inc. (CYTH) beyond the stock ticker, and honestly, it boils down to a clear, two-part vision. Their vision is: Providing hope through patient-focused drug development to improve quality of life. This isn't just corporate fluff; it's a roadmap that maps directly to their lead asset, Trappsol® Cyclo™ (hydroxypropyl-beta-cyclodextrin), and its pivotal role in Niemann-Pick Disease Type C1 (NPC1) and Alzheimer's disease trials. When you look at the company's strategic moves in 2025, every action supports this focus on patient outcomes over mere scientific curiosity.
The core of this vision is about delivering tangible results to families who currently have very few options. It's a high-stakes, high-reward approach. The company is defintely putting its capital where its mouth is, evidenced by the significant jump in research and development (R&D) expenses, which increased by 57% to approximately $5.5 million in the third quarter of 2024 alone, setting the stage for 2025's crucial data readouts. That's a serious commitment to the 'drug development' part of the vision.
Providing Hope Through Patient-Focused Drug Development
The 'hope' component of the vision is directly tied to the success of their Phase 3 TransportNPC™ study for NPC1, a rare, fatal genetic disease. This is the biggest swing for the fences. The study's 48-week interim analysis data was expected in the first half of 2025, and based on the independent Data Monitoring Committee (DMC) review in June 2025, the study was recommended to continue to 96 weeks, which is a strong sign of safety and potential long-term efficacy. This continuation, after reviewing the 48-week data, is what gives patients and investors real hope. The company is targeting submission of a New Drug Application (NDA) to the FDA and a Marketing Authorization Application (MAA) to the EMA in the second half of 2025, provided the data is significant.
Here's the quick math on why this is so important: in the open-label sub-study for the youngest patients (under 3 years old), 86% (six of seven patients) showed stabilization or improvement in their clinical condition at 48 weeks. That number isn't just a statistical win; it's life-changing for families. Plus, the company is also conducting a Phase 2b clinical trial using Trappsol® Cyclo™ intravenously in early Alzheimer's disease, expanding the scope of their 'patient-focused' mission beyond a single rare disease. You can read more about the context of their work at Cyclo Therapeutics, Inc. (CYTH): History, Ownership, Mission, How It Works & Makes Money.
To Improve Quality of Life: The Mission in Action
The second part of the vision-to improve quality of life-is the practical outcome of their formal mission statement: Dedicated to developing life-changing medicines through science and innovation for patients and families suffering from disease. This is where the rubber meets the road. For a patient with NPC1, 'improving quality of life' means slowing down the neurodegeneration that comes from cholesterol accumulation in the cells.
The company's financial health in 2025 reflects the intense investment required to fulfill this mission. The net loss for the third quarter of 2024 was approximately $8.8 million, which is typical for a biotech company in a pivotal Phase 3 stage. They mitigated near-term risk by completing a $25 million rights offering in June 2025, which helps fund the continued 96-week TransportNPC™ study and the Alzheimer's trial. This strategic financing ensures they can keep the focus on the science and the patient, not just on keeping the lights on.
Core Values: Science, Dedication, and Innovation
While Cyclo Therapeutics doesn't always list its core values with catchy acronyms, their actions and statements point to three non-negotiable principles. These values are the engine behind the vision.
- Science-First Approach: Grounding all development in rigorous, controlled studies, like the 104-patient TransportNPC™ trial.
- Patient Dedication: Focusing on rare and challenging diseases with significant unmet medical need, such as NPC1.
- Innovation in Delivery: Advancing their proprietary formulation of hydroxypropyl beta cyclodextrin, Trappsol® Cyclo™, for systemic and neurological treatment.
They are not just looking for a drug; they are looking for a definitive, life-changing treatment. The merger with Rafael Holdings, completed in Q1 2025, was a strategic move to combine resources and focus solely on advancing Trappsol® Cyclo™ for NPC1 patients, demonstrating a clear, dedicated path forward. That kind of focus is a core value in itself.
Next Step: Finance: Monitor the CYTH stock price and analyst consensus (currently a 'Buy' with a 12-month target of $0.95) for any volatility following the H2 2025 NDA/MAA submission target.
Cyclo Therapeutics, Inc. (CYTH) Core Values
You're looking past the stock ticker and into the operational soul of Cyclo Therapeutics, trying to gauge if their stated values align with their 2025 execution. I get it. For a clinical-stage biotech, values aren't just HR posters; they're the non-negotiable drivers of R&D spending and clinical trial risk.
The company's core values, inferred directly from their mission and recent actions, center on a relentless Patient Focus, a commitment to Scientific Excellence, and the Perseverance needed to navigate the demanding regulatory landscape. This is defintely a high-stakes, high-reward model.
Patient Focus: Addressing Unmet Needs
A core value of patient-centricity means prioritizing the most devastating diseases, even if they are rare and the market is small. Cyclo Therapeutics exemplifies this by focusing its lead asset, Trappsol Cyclo (hydroxypropyl beta cyclodextrin), on Niemann-Pick Disease Type C1 (NPC1), a rare and fatal genetic disorder with significant unmet medical need.
The most compelling 2025 action is their dedication to the youngest patients. They enrolled ten (10) patients in a single-arm sub-study for newborns to 3 years of age, a population often excluded from pivotal trials. The preliminary data, presented in February 2025, showed that 86% of patients (6 of 7) at 48 weeks demonstrated stabilization or improvement in the Clinical Global Impression - Change Scale. That is a tangible result of putting patient need first.
- Focus on NPC1, a rare and fatal disease.
- Sub-study for patients under 3 years old.
- Clinical data shows stabilization or improvement for 86% of young patients.
Scientific Excellence: Rigor in Clinical Development
Scientific excellence is the engine of a biotech company, and for Cyclo Therapeutics, it is demonstrated by the scope and rigor of their pivotal Phase 3 TransportNPC™ trial. This isn't a small, easy-to-manage study; it's the largest and most comprehensive controlled pivotal study for an investigational therapy for NPC1, enrolling 104 patients globally. That shows a commitment to generating data that can withstand the highest scrutiny from the FDA and EMA.
Here's the quick math on their commitment: Cyclo Therapeutics reported a net loss of $8.8 million in Q3 2024, with Research and Development (R&D) expenses increasing 57% to $5.5 million compared to the same quarter in 2023. This massive jump in R&D spending directly funds the execution of this rigorous Phase 3 trial, proving they are putting capital behind their value of scientific rigor. This is a crucial area to watch, which we cover in more detail at Exploring Cyclo Therapeutics, Inc. (CYTH) Investor Profile: Who's Buying and Why?
Perseverance: Navigating Regulatory and Financial Hurdles
Developing an orphan drug (a treatment for a rare condition) requires immense perseverance, both in sustaining long clinical trials and securing capital. The TransportNPC™ trial, which completed enrollment in May 2024, is on track for its 48-week interim analysis topline data in the first half of 2025. This milestone is the culmination of years of work and significant financial backing.
The strategic merger with Rafael Holdings, which closed in March 2025, is a clear action taken to ensure the financial runway for this perseverance. Rafael Holdings issued shares representing approximately 22% of the combined company to Cyclo Therapeutics' shareholders, solidifying the funding needed to reach the critical H2 2025 target for New Drug Application (NDA) and Marketing Authorization Application (MAA) submissions. What this estimate hides is the inherent risk of clinical trials, but the merger shows a proactive move to mitigate the capital risk.
- Sustaining the large, global TransportNPC™ trial.
- Merger with Rafael Holdings in March 2025 to bolster financial resources.
- Targeting NDA/MAA submissions in H2 2025.
The company is all-in on Trappsol Cyclo, and their actions-from the R&D spend to the strategic merger-show a clear, expensive, and focused commitment to their stated values.

Cyclo Therapeutics, Inc. (CYTH) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.