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INTELGENX TECHS CORP - IGXT STOCK NEWS

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IntelGenx Technologies Corp., based in Montreal, is dedicated to developing innovative proprietary technologies for enhanced drug delivery. The company's business strategy involves leveraging these technologies to enhance existing drug compounds with proven efficacy and safety. Through collaborations with strategic partners, IntelGenx reintroduces these compounds to the market as branded products with improved deliverability and efficacy. The company offers full-service pharmaceutical development, including formulation, clinical development, regulatory activities, manufacturing, and packaging. IntelGenx's experienced team works with both new chemical entities and established therapeutic active pharmaceutical ingredients, utilizing innovative drug delivery systems for a competitive edge and product extension opportunities.

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IntelGenx Technologies Corp. (TSX:IGX, OTCQB:IGXT) will present a business update at the Bloom Burton & Co. Healthcare Investor Conference on May 3, 2022, at 9:30 a.m. ET, located at the Metro Toronto Convention Centre. The presentation will also be live-streamed and archived on the company's website under the Investors section. IntelGenx specializes in developing pharmaceutical films using advanced technologies such as VersaFilm®, DisinteQ™, VetaFilm™, and VevaDerm™. The company focuses on addressing unmet medical needs with its innovative product pipeline.

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IntelGenx Technologies Corp. (TSX:IGX)(OTCQB:IGXT) reported its financial results for 2021, highlighting significant corporate milestones, including graduation to the TSX and partnerships in the psychedelic space. Q4 revenue totaled $494,000, a decrease of 37% from Q4 2020, leading to a net comprehensive loss of $2.9 million. For the full year, revenue remained unchanged at $1.5 million, with a net comprehensive loss of $9.8 million. Recent developments include a $3 million term loan from atai and resumption of its Phase 2a clinical trial. The annual report will be filed today.

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IntelGenx Technologies Corp. (TSX:IGX) (OTCQB:IGXT) will release its fourth quarter and full year 2021 financial results on March 24, 2022, after market close. The report will be followed by a conference call at 4:30 p.m. ET, hosted by CEO Dr. Horst G. Zerbe and CFO Andre Godin, providing insights into the company's performance and future outlook. The call will also be accessible via a live webcast on IntelGenx's website.

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IntelGenx Corp. (TSX:IGX) announced the receipt of a third term loan of U.S.$3 million under its amended secured loan agreement with atai Life Sciences. This loan is guaranteed by IntelGenx. The company specializes in pharmaceutical films and offers advanced delivery systems like VersaFilm® and DisinteQ™. IntelGenx is dedicated to addressing unmet medical needs through innovative drug delivery technologies and comprehensive pharmaceutical services. The company is actively engaged in providing R&D and regulatory services to its partners.

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IntelGenx Corp. (TSX:IGX) announced the resumption of patient dosing in its Phase 2a "BUENA" clinical trial for mild to moderate Alzheimer’s Disease after a COVID-related hiatus exceeding one year. This advancement highlights the ongoing repurposing of Montelukast VersaFilm®, with expectations for valuable insights into its safety and efficacy. Dr. Horst Zerbe, CEO, emphasized the significance of this milestone, while Dr. Ludwig Aigner noted the urgent need for effective AD treatments, positioning Montelukast VersaFilm® as a potential game-changer.

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IntelGenx Corp. (TSX:IGX) (OTCQB:IGXT) has initiated arbitration against Tilray, Inc. due to an alleged breach of their 2018 license agreement regarding the co-development of cannabis-infused VersaFilm® products. IntelGenx asserts that Tilray's recent launch of competing medical cannabis oral strips represents a significant breach of contract. CEO Dr. Horst G. Zerbe emphasized their commitment to protecting commercial rights while prioritizing the availability of their innovative oral film products for cannabis consumers.

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IntelGenx Technologies Corp. (TSX:IGX) (OTCQB:IGXT) reported its third quarter 2021 financial results, revealing revenues of $593,000, up 16% from $510,000 in Q3 2020. The net comprehensive loss widened to $2.2 million, compared to $1.6 million last year. The company resumed patient screening in its Phase 2a clinical trial for Alzheimer’s, graduated to the TSX, and secured $6 million in future support from atai Life Sciences. However, operating costs increased to $2.2 million, leading to a loss per share of $0.01 as of September 30, 2021.

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IntelGenx Technologies Corp. (TSX:IGX, OTCQB:IGXT) will release its third quarter 2021 financial results after market close on November 11, 2021. A conference call will be held at 4:30 p.m. ET featuring Dr. Horst G. Zerbe and Mr. Andre Godin to discuss the results and provide a business update. The call will also be live streamed on IntelGenx's website. The company focuses on developing pharmaceutical films and its technology aims to address unmet medical needs.

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IntelGenx Corp. (TSX:IGX) has announced the resumption of patient screening for its Montelukast VersaFilm® Phase 2a (BUENA) clinical trial in Alzheimer’s Disease after receiving a No Objection Letter from Health Canada. The trial had been previously paused due to COVID-19 concerns affecting high-risk patients. CEO Dr. Horst Zerbe expressed excitement about evaluating Montelukast’s potential, highlighting financial support from a recent convertible notes offering as key to continuing the study.

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IntelGenx Technologies Corp. (TSXV: IGX) has received final approval to graduate to the Toronto Stock Exchange (TSX) from the TSX Venture Exchange (TSXV). Trading of Common Shares, Convertible Debentures, and Warrants is set to commence on October 7, 2021. CEO Dr. Horst G. Zerbe emphasized that this transition marks a significant milestone and will enhance the company's profile in the investment community. The company’s securities will be delisted from the TSXV concurrently. IntelGenx specializes in pharmaceutical film technologies aimed at addressing unmet medical needs.

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FAQ

What is the current stock price of INTELGENX TECHS (IGXT)?

The current stock price of INTELGENX TECHS (IGXT) is $0.167 as of May 16, 2024.

What is the market cap of INTELGENX TECHS (IGXT)?

The market cap of INTELGENX TECHS (IGXT) is approximately 29.7M.

What is the primary focus of IntelGenx Technologies Corp.?

IntelGenx is dedicated to developing innovative proprietary technologies for enhanced drug delivery.

How does IntelGenx enhance existing drug compounds?

The company leverages its proprietary drug delivery technologies to improve existing drug compounds with proven efficacy and safety.

What is IntelGenx's business strategy?

The company reintroduces enhanced drug compounds to the market as branded products with improved deliverability and efficacy through strategic partnerships.

What services does IntelGenx offer?

IntelGenx provides full-service pharmaceutical development, including formulation, clinical development, regulatory activities, manufacturing, and packaging.

What types of active pharmaceutical ingredients does IntelGenx work with?

IntelGenx works with both new chemical entities and established therapeutic active pharmaceutical ingredients.

What advantage do innovative drug delivery systems offer IntelGenx?

Innovative drug delivery systems provide significant competitive advantages and opportunities for product extension for IntelGenx.

Who can be contacted for investor relations at IntelGenx?

For investor relations, contact Stephen Kilmer at (647) 872-4849 or stephen@kilmerlucas.com.

Who is the President and CFO of IntelGenx Corp.?

Andre Godin is the President and CFO of IntelGenx Corp.

Where can copies of the SISP Order and procedures be obtained?

Copies of the SISP Order and procedures can be obtained from the website of the Monitor at www.ey.com/ca/intelgenx.

How can U.S. persons direct inquiries regarding IntelGenx?

U.S. persons should direct inquiries to Ernst & Young Corporate Finance (Canada) Inc. through Jatinder Wadhwa.

INTELGENX TECHS CORP

OTC:IGXT

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29.69M
135.54M
22.4%
Biotechnology
Healthcare
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United States of America
Montreal