Money-losing maker of drug for Childhood Alzheimer’s to move headquarters to Jupiter

biotech

An Alachua penny stock firm is moving its headquarters to Jupiter. CTD Holdings aims to hire 50 workers here, the Business Development Board of Palm Beach County said.

As of the end of 2015, CTD Holdings (Pink Sheets: CTDH, 50 cents) had nine employees. It lost $2.6 million last year.

Among CTD’s products is Trappsol Cyclo, a treatment for Childhood Alzheimer’s a rare disease.

 

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