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Incannex Healthcare Inc. Reports Fiscal Full Year 2024 Financial Results and Business Updates

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Incannex Healthcare Inc. (Nasdaq: IXHL) reported fiscal full year 2024 financial results and business updates. Key highlights include:

1. Strategic financing with Arena Investors, providing access to up to $59.0 million USD.
2. Positive top-line results from Phase 2 proof-of-concept clinical trial of PSX-001 for generalized anxiety disorder.
3. Commenced dosing in RePOSA Phase 2/3 clinical trial of IHL-42X for obstructive sleep apnea.
4. Received FDA clearance for PsiGAD2, a Phase 2 clinical trial of PSX-001.
5. Completed redomiciliation to the United States and listed on Nasdaq under ticker IXHL.

Financial results: G&A expenses increased to $17.2 million USD, R&D expenses rose to $12.9 million USD, and net loss was $18.5 million USD for the fiscal year ended June 30, 2024. Cash and cash equivalents were $5.9 million USD as of June 30, 2024.

Incannex Healthcare Inc. (Nasdaq: IXHL) ha riportato i risultati finanziari e gli aggiornamenti aziendali per l'anno fiscale completo del 2024. I punti salienti includono:

1. Finanziamento strategico con Arena Investors, che fornisce l'accesso fino a 59,0 milioni di dollari USD.
2. Risultati positivi dalla fase 2 dello studio clinico proof-of-concept di PSX-001 per il disturbo d'ansia generalizzato.
3. Inizio della somministrazione nel trial clinico RePOSA fase 2/3 di IHL-42X per l'apnea ostruttiva del sonno.
4. Ricevuta l'approvazione della FDA per PsiGAD2, uno studio clinico di fase 2 di PSX-001.
5. Completata la redomiciliazione negli Stati Uniti e quotati su Nasdaq con il ticker IXHL.

Risultati finanziari: le spese generali e amministrative sono aumentate a 17,2 milioni di dollari USD, le spese per la ricerca e sviluppo sono salite a 12,9 milioni di dollari USD, e la perdita netta è stata di 18,5 milioni di dollari USD per l'anno fiscale concluso il 30 giugno 2024. Liquidità e attività equivalenti ammontavano a 5,9 milioni di dollari USD al 30 giugno 2024.

Incannex Healthcare Inc. (Nasdaq: IXHL) informó los resultados financieros y las actualizaciones del negocio para el año fiscal completo 2024. Los puntos destacados incluyen:

1. Financiación estratégica con Arena Investors, proporcionando acceso de hasta 59,0 millones de dólares USD.
2. Resultados positivos de la fase 2 del ensayo clínico proof-of-concept de PSX-001 para el trastorno de ansiedad generalizada.
3. Inicio de la dosificación en el ensayo clínico RePOSA fase 2/3 de IHL-42X para la apnea obstructiva del sueño.
4. Aprobación de la FDA para PsiGAD2, un ensayo clínico de fase 2 de PSX-001.
5. Completada la redomiciliación a Estados Unidos y cotizados en Nasdaq bajo el símbolo IXHL.

Resultados financieros: los gastos generales y administrativos aumentaron a 17,2 millones de dólares USD, los gastos en I+D aumentaron a 12,9 millones de dólares USD, y la pérdida neta fue de 18,5 millones de dólares USD para el año fiscal que terminó el 30 de junio de 2024. Efectivo y equivalentes de efectivo eran de 5,9 millones de dólares USD a partir del 30 de junio de 2024.

Incannex Healthcare Inc. (Nasdaq: IXHL)는 2024 회계연도의 재무 결과와 사업 업데이트를 보고했습니다. 주요 내용은 다음과 같습니다:

1. Arena Investors와의 전략적 자금 조달로 최대 5,900만 달러에 접근할 수 있게 됨.
2. 일반화된 불안 장애를 위한 PSX-001의 2상 개념 증명 임상 시험에서 긍정적인 주요 결과가 나옴.
3. IHL-42X의 폐쇄성 수면 무호흡증을 위한 RePOSA 2/3상 임상 시험에서 투여 시작.
4. PSX-001의 2상 임상 시험인 PsiGAD2에 대해 FDA 승인 획득.
5. 미국으로의 재도메인 완료 및 Nasdaq에 IXHL이라는 종목으로 상장됨.

재무 결과: 일반 관리비는 1,720만 달러로 증가했으며, 연구개발비는 1,290만 달러로 상승하였고, 2024년 6월 30일 마감된 회계연도 동안 순손실은 1,850만 달러였습니다. 2024년 6월 30일 현재 현금 및 현금성 자산은 590만 달러였습니다.

Incannex Healthcare Inc. (Nasdaq: IXHL) a publié les résultats financiers et les mises à jour de l'entreprise pour l'exercice fiscal complet de 2024. Les faits saillants incluent :

1. Financement stratégique avec Arena Investors, fournissant un accès allant jusqu'à 59,0 millions USD.
2. Résultats positifs de l'essai clinique de phase 2 proof-of-concept de PSX-001 pour le trouble d'anxiété généralisée.
3. Début de l'administration dans l'essai clinique RePOSA phase 2/3 de IHL-42X pour l'apnée obstructive du sommeil.
4. Obtention de l'autorisation de la FDA pour PsiGAD2, un essai clinique de phase 2 de PSX-001.
5. Finalisation de la redomiciliation aux États-Unis et inscription au Nasdaq sous le symbole IXHL.

Résultats financiers : les dépenses générales et administratives ont augmenté à 17,2 millions USD, les dépenses de R&D ont augmenté à 12,9 millions USD, et la perte nette a été de 18,5 millions USD pour l’exercice fiscal se terminant le 30 juin 2024. Les liquidités et équivalents de liquidités s'élevaient à 5,9 millions USD au 30 juin 2024.

Incannex Healthcare Inc. (Nasdaq: IXHL) hat die finanziellen Ergebnisse und Unternehmensupdates für das gesamte Geschäftsjahr 2024 bekannt gegeben. Die wichtigsten Punkte sind:

1. Strategische Finanzierung mit Arena Investors, die den Zugang zu bis zu 59,0 Millionen USD ermöglicht.
2. Positive Ergebnisse aus der Phase-2-Studie zur Machbarkeitsprüfung von PSX-001 bei generalisierten Angststörungen.
3. Beginn der Dosierung in der RePOSA Phase 2/3-Studie von IHL-42X bei obstruktiver Schlafapnoe.
4. FDA-Freigabe für PsiGAD2, eine Phase-2-Studie zu PSX-001.
5. Abschluss der Redomizilierung in die Vereinigten Staaten und Notierung an der Nasdaq unter dem Ticker IXHL.

Finanzergebnisse: Die allgemeinen und Verwaltungskosten stiegen auf 17,2 Millionen USD, die Forschung und Entwicklungskosten erhöhten sich auf 12,9 Millionen USD, und der Nettoverlust betrug 18,5 Millionen USD für das am 30. Juni 2024 endende Geschäftsjahr. Zahlungsmittel und Zahlungsmitteläquivalente beliefen sich zum 30. Juni 2024 auf 5,9 Millionen USD.

Positive
  • Strategic financing with Arena Investors, providing access to up to $59.0 million USD
  • Positive top-line results from Phase 2 proof-of-concept clinical trial of PSX-001 for generalized anxiety disorder
  • Commenced dosing in RePOSA Phase 2/3 clinical trial of IHL-42X for obstructive sleep apnea
  • Received FDA clearance for PsiGAD2, a Phase 2 clinical trial of PSX-001
  • Completed redomiciliation to the United States and listed on Nasdaq under ticker IXHL
Negative
  • Increased G&A expenses from $8.0 million USD to $17.2 million USD
  • Increased R&D expenses from $6.3 million USD to $12.9 million USD
  • Net loss of $18.5 million USD for the fiscal year
  • Decreased cash and cash equivalents from $22.1 million USD to $5.9 million USD

Insights

Incannex Healthcare's fiscal year 2024 results reveal significant progress in clinical development but also increased financial strain. The company's R&D expenses nearly doubled to $12.9 million, reflecting intensified clinical activities. However, the cash position declined sharply to $5.9 million from $22.1 million the previous year.

The strategic financing with Arena Investors, providing access to up to $59 million, is important for sustaining operations and advancing clinical trials. This financing structure offers flexibility but may lead to dilution for existing shareholders.

Key positives include positive top-line results from the PsiGAD1 study and FDA clearance for the PsiGAD2 trial, potentially accelerating the development of PSX-001 for generalized anxiety disorder. The initiation of the RePOSA Phase 2/3 trial for IHL-42X in obstructive sleep apnea also represents a significant milestone.

While the net loss decreased to $18.5 million from $48.8 million, ongoing clinical trials will continue to pressure finances. Investors should closely monitor cash burn and the company's ability to meet clinical milestones efficiently.

Incannex's clinical progress is noteworthy, particularly in the psychedelic and cannabinoid spaces. The positive results from the PsiGAD1 study are especially promising, with a significant 9.2% improvement in HAM-A scores over placebo. This positions PSX-001 as a potential breakthrough in GAD treatment.

The advancement of IHL-42X into a Phase 2/3 trial for OSA is also significant, addressing a large market with unmet needs. The planned 560-subject study is robust and could provide compelling efficacy data.

The diversification of Incannex's pipeline, including IHL-675A for rheumatoid arthritis, demonstrates a strategic approach to drug development. However, managing multiple clinical programs simultaneously will be challenging and resource-intensive.

The opening of Clarion Clinics is an innovative move, potentially providing valuable real-world data and a commercialization model for PSX-001. This vertical integration could be a differentiator in the competitive psychedelic therapeutics landscape.

  • Announced strategic financing with Arena Investors, providing access to up to $59.0 million USD in gross proceeds to Incannex
  • Announced positive top-line results from our Phase 2 proof-of-concept clinical trial of PSX-001, known as the PsiGAD1 study, in which synthetic psilocybin in combination with psychotherapy was observed to significantly reduce anxiety scores and to be well tolerated in patients with generalised anxiety disorder (GAD)  
  • Commenced dosing in the RePOSA Phase 2/3 clinical trial of IHL-42X, an oral investigational treatment for patients with obstructive sleep apnea
  • Received Investigational New Drug (IND) application clearance from the U.S. Food and Drug Administration (FDA) to initiate PsiGAD2, a Phase 2 clinical trial of PSX-001
  • Successfully completed redomiciliation to the United States and listing shares of Incannex common stock on Nasdaq under the ticker “IXHL” in late 2023

NEW YORK and MELBOURNE, Australia, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Incannex Healthcare Inc. (Nasdaq: IXHL), (Incannex), a clinical-stage biopharmaceutical company developing innovative medicines for people with serious chronic diseases and significant unmet medical needs, today reported fiscal full year financial results and provided business updates.

“The past year has been transformative for Incannex as we successfully completed our transition to the Nasdaq as a company domiciled in the United States, reported positive top-line data from our proof-of-concept clinical trial of PSX-001, known as PsiGAD1, and initiated dosing in our Phase 2/3 IHL-42X RePOSA trial. These achievements demonstrate our commitment to advancing new oral cannabinoids and psychedelic treatments. With our recent strategic financing and clinical trials underway for three programs, we are excited to share updates later this year,” said Joel Latham, Incannex’s President and Chief Executive Officer. “We are grateful to all of the physicians, investigators and patients involved in our U.S. and Australian clinical trials for their support of our investigational synthetic cannabinoid and psilocybin-based therapeutic programs.”

Operational Highlights

  • Announced strategic financings with Arena Investors, which may provide up to $59.0 million USD in gross proceeds to Incannex through a $50 million USD equity line of credit and the sale in future closings of convertible debentures with an aggregate principal amount of up to $9.0 million USD. Incannex intends to use the proceeds from this strategic financing to support the ongoing clinical trials of its drug candidates, and for working capital and other general corporate purposes. Drawdown of the capital will be determined according to the Incannex’s strategic needs.
  • Announced the opening of Clarion Clinics, one of the first psychedelic-assisted psychotherapy clinics in Australia, which will serve as a model for potential future sites. Incannex believes this first clinic will provide real-world experience in treating mental health patients utilizing psychedelic-assisted psychotherapy. Assuming regulatory approval of PSX-001, the Clarion Clinics model has the potential to provide insight into the potential commercialization of PSX-001.
  • Completed the redomiciliation of Incannex from Australia to the United States, effective November 28, 2023 and listing our common stock on the Nasdaq Global Market under the ticker “IXHL.” With no material changes to its operations, Incannex believes this will provide access to a broader set of investors, streamline financial reporting comparably with industry peers, and provide greater flexibility in accessing capital.

Clinical Highlights

  • Commenced dosing in the RePOSA Phase 2/3 clinical trial of IHL-42X, an oral fixed dose combination of dronabinol and acetazolamide for the treatment of patients with obstructive sleep apnea (OSA). RePOSA, a randomized, double-blind trial, is designed to assess the safety and efficacy of IHL-42X in patients with OSA who are intolerant, non-compliant, or naïve to positive airway pressure. The Phase 2 portion of this clinical trial is being conducted in the United States, and the expanded Phase 3 portion will include sites in the United Kingdom and European Union. Incannex plans to recruit 560 subjects, with an estimated 355 participants in the active study arms, and anticipates reporting top-line data from the Phase 2 portion of this clinical trial in the first half of 2025.
  • Completed dosing of 115 subjects in a bioavailability/bioequivalence (BA/BE) clinical trial conducted in Australia assessing the pharmacokinetics and tolerability of IHL-42X, our drug product for the treatment of obstructive sleep apnea. Data analysis is underway, with no serious adverse events reported to date. Incannex expects to release top-line results from this BA/BE clinical trial in 2024.
  • Announced positive results from its proof-of-concept Australian Phase 2 clinical trial, PsiGAD1, of PSX-001. In the PsiGAD2 trial the combination of an oral synthetic psilocybin with psychotherapy was observed to significantly reduced anxiety scores and was well tolerated in patients with generalized anxiety disorder (GAD). The reduction in HAM-A from baseline, the trial’s primary endpoint, in the psilocybin group was 12.8 points from baseline, representing a 9.2-point improvement over psychotherapy with placebo (p<0.0001).
  • Received IND clearance from the FDA to initiate PsiGAD2, a Phase 2b clinical trial of PSX-001 evaluating change in the HAM-A anxiety score, and other measures of efficacy and safety at sites in the U.S. and UK. The trial is expected to include approximately 94 patients, including those currently treated with selective serotonin reuptake inhibitors (SSRIs), who meet the study inclusion and exclusion criteria.
  • Initiated dosing in an Australian Phase 2 clinical trial of IHL-675A for patients with rheumatoid arthritis (RA). IHL-675A is an oral fixed dose combination of cannabidiol and hydroxychloroquine sulfate designed to target two different pathways, acting synergistically to alleviate inflammation. The trial is planned to include approximately 128 subjects. Incannex anticipates reporting top-line data in the second half of 2025.

Financial Results

  • General and Administration (G&A) expenses for the twelve months ended June 30, 2024 were $17.2 million USD, as compared to $8.0 million USD for the twelve months ended June 30, 2023, due to associated completed the redomicilation to the United States, listing of common stock on Nasdaq, and expanded U.S. operations.
  • Research and development (R&D) expenses were for $12.9 million USD for the twelve months ended June 30, 2024 compared to $6.3 million USD for the twelve months ended June 30, 2023, due to increased clinical research activities.
  • Net loss for the twelve-month period ended June 30, 2024 was $18.5 million USD, as compared to $48.8 million USD for the twelve months ended June 30, 2023.
  • Cash and cash equivalents were $5.9 million USD as of June 30, 2024, compared to $22.1 million USD as of June 30, 2023.

About IHL-42X

IHL-42X is Incannex’s oral fixed dose combination of dronabinol and acetazolamide designed to act synergistically, targeting two different physiological pathways associated with the intermittent hypoxia (IH) and hypercapnia that characterize OSA. In a proof-of-concept Australian Phase 2 clinical trial, IHL-42X was observed to reduce the apnea hypopnea index and be well tolerated in OSA patients. An ongoing pivotal Phase 2/3 clinical trial investigating the safety and efficacy of IHL-42X is underway with the Phase 2 portion conducted in the U.S., the expanded Phase 3 portion will also include the UK and EU. Top-line results from an ongoing pharmacokinetic and safety study in Australia are expected in late 2024. The top-line readout from the U.S. Phase 2 portion of the pivotal Phase 2/3 trial is anticipated in the first half of 2025.

About PSX-001

PSX-001 is Incannex’s oral synthetic psilocybin drug candidate, administered in combination with psychotherapy, for patients diagnosed with moderate-to-severe GAD. In the Australian Phase 2 proof-of-concept PsiGad1 clinical trial, PSX-001 was observed to reduce anxiety scores and was well tolerated in GAD patients. In this trial, 44% of subjects in the psilocybin group were observed to show a clinically meaningful improvement of at least 50% subjects in anxiety score from baseline; a ‘response rate’ more than four times higher than that of the placebo group. The FDA has cleared Incannex’s IND application for PsiGAD2 to conduct a U.S. Phase 2b clinical trial, which is expected to include approximately 94 patients with GAD, including those currently treated with selective serotonin reuptake inhibitors (SSRIs), who meet the study inclusion and exclusion criteria. Incannex anticipates reporting full data results from PsiGAD1 trial in the first half of 2025.

About IHL-675A

IHL-675A is an oral drug candidate currently in an ongoing Australian Phase 2 trial for the treatment of inflammatory conditions, with an initial focus on RA. IHL-675A is an oral fixed dose combination of cannabidiol and hydroxychloroquine sulfate designed to target two different pathways, acting synergistically to alleviate inflammation. IHL-675A was observed to be well-tolerated and bioavailable in an Australian Phase 1 trial. IHL-675A was also observed to reduce inflammatory markers and disease scores across multiple animal inflammatory disease models and in vitro assays in preclinical evaluation. A Phase 2 trial investigating the safety and efficacy of IHL-675A in RA patients is ongoing, enrolling 128 subjects with pain and reduced function regardless of current treatment regimen. Top-line data from this Phase 2 trial is anticipated in the second half of 2025.

About Incannex Healthcare Inc.

Incannex is a clinical-stage biopharmaceutical company focused on developing innovative medicines for patients living with serious chronic diseases and significant unmet needs. The company is advancing oral synthetic cannabinoid and psilocybin drug candidates targeting sleep apnea, anxiety, and inflammatory diseases. Incannex’s lead programs include IHL-42X, an oral fixed dose combination of dronabinol and acetazolamide, designed to act synergistically in the treatment of OSA, in a global Phase 2/3 study for the treatment of obstructive sleep apnea, PSX-001 in a Phase 2 trial conducted in the U.S. and UK to assess the combination of an oral synthetic psilocybin treatment with psychotherapy for patients with generalized anxiety disorder, and IHL-675A, an oral fixed dose combination of cannabidiol and hydroxychloroquine sulfate, acting synergistically to alleviate inflammation, in an Australian Phase 2 trial. Each of these programs target indications that have limited, inadequate, or no approved pharmaceutical treatment options.

Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements in this press release include statements about, among other things: Incannex’s business strategy, future operations; Incannex’s ability to execute on its objectives, prospects, or plans, the benefits of the redomiciliation and the Nasdaq common stock listing, future closings of the strategic financings with Arena, which are subject to conditions and may not occur, evaluations and judgments regarding Incannex’s research and development efforts, including any implications that the results of earlier clinical trials will be representative or consistent with later clinical trials or final results; the expected timing of enrollment for these trials and the availability of data or results of these trials, and the potential benefits, safety or of Incannex’s drug candidates. Forward-looking statements are statements other than historical facts and relate to future events or circumstances or Incannex’s future performance, and they are based on management’s current assumptions, expectations, and beliefs concerning future developments and their potential effect on Incannex’s business. These forward-looking statements are subject to a number of risks and uncertainties, which may cause the forward-looking events and circumstances described in this press release to not occur, and actual results to differ materially and adversely from those described in or implied by the forward-looking statements. These risks and uncertainties include, among others: the continued availability of financing; Incannex’s ability to raise capital to fund continuing operations and to complete capital raising transactions; the impact of any infringement actions or other litigation brought against Incannex; the success of Incannex’s development efforts, including Incannex’s ability to progress its drug candidates through clinical trials on the timelines expected; competition from other providers and products; that the market for its drug candidates may not grow at the rates anticipated or at all; Incannex’s compliance with the various evolving and complex laws and regulations applicable to its business and its industry; and Incannex’s ability to protect its proprietary technology and intellectual property; and other factors relating to Incannex’s industry, its operations and results of operations. The forward-looking statements made in this press release speak only as of the date of this press release, and Incannex assumes no obligation to update publicly any such forward-looking statements to reflect actual results or to changes in expectations, except as otherwise required by law. Incannex’s reports filed with the U.S. Securities and Exchange Commission (SEC) including its annual report on Form 10-K for the fiscal year ended June 30, 2024, filed with the SEC on September 30, 2024, and the other reports it files from time to time, including subsequently filed annual, quarterly and current reports, are made available on Incannex’s website upon their filing with the SEC. These reports contain more information about Incannex, its business and the risks affecting its business, as well as its results of operations for the periods covered by the financial results included in this press release.

Contact Information
Jennifer Drew-Bear
Edison Group for Incannex
Jdrew-bear@edisongroup.com


INCANNEX HEALTHCARE INC.
Consolidated Balance Sheets
(in thousands, except share and per share amounts)
(expressed in U.S. Dollars, unless otherwise stated)

 June 30,
2024
  June 30,
2023
 
Assets      
Current assets:      
Cash and cash equivalents $5,858  $22,120 
Prepaid expenses and other assets  507   877 
R&D tax incentive receivable  9,837   - 
Total current assets  16,202   22,997 
Property, plant and equipment, net  472   294 
Operating lease right-of-use assets  373   492 
Total assets $17,047  $23,783 
Liabilities and stockholders’ equity        
Current liabilities:        
Trade and other payables $612  $1748 
Accrued expenses and other current liabilities  4,845   689 
Operating lease liabilities, current  163   113 
Total current liabilities  5,620   2,550 
Operating lease liabilities, non-current  210   408 
Total liabilities  5,830   2,958 
Commitments and contingencies        
Stockholders’ equity:        
Common stock, $0.0001 par value – 100,000,000 shares authorized; 15,873,113 and 15,873,113 shares issued and outstanding at June 30, 2024 and 2023, respectively  2   2 
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized; no shares issued or outstanding at June 30, 2024 and 2023, respectively  -   - 
Additional paid-in capital  125,218   116,290 
Accumulated deficit  (110,671)  (92,212)
Foreign currency translation reserve  (3,332)  (3,255)
Total shareholders’ equity  11,217   20,825 
Total liabilities and stockholders’ equity $17,047  $23,783 


INCANNEX HEALTHCARE INC.
Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except share and per share amounts)
(expressed in U.S. Dollars, unless otherwise stated)

 June 30,
2024
  June 30,
2023
 
Revenue from customers  12   - 
Operating expenses:        
Research and development  (12,879)  (6,309)
Acquisition of in-process research and development  -   (35,347)
General and administrative  (17,174)  (8,012)
Total operating expenses  (30,053)  (49,668)
Loss from operations  (30,041)  (49,668)
Other income, net:        
R&D tax incentive  11,434   683 
Foreign exchange expense  (28)  (67)
Interest income  206   241 
Total other income, net  11,612   857 
Loss before income tax expense  (18,429)  (48,811)
Income tax expense  (30)  - 
Net loss $(18,459) $(48,811)
Other comprehensive loss:        
Currency translation adjustment, net of tax  (77)  (2,292)
Total comprehensive loss $(18,536) $(51,103)
Net loss per share: Basic and diluted $(1.15)  (3.32)
Weighted average number of shares outstanding, basic and diluted  16,164,338   15,384,704 

FAQ

What were Incannex Healthcare's (IXHL) key financial results for fiscal year 2024?

Incannex reported G&A expenses of $17.2 million USD, R&D expenses of $12.9 million USD, a net loss of $18.5 million USD, and cash and cash equivalents of $5.9 million USD as of June 30, 2024.

What strategic financing did Incannex Healthcare (IXHL) secure in 2024?

Incannex secured strategic financing with Arena Investors, providing access to up to $59.0 million USD through a $50 million USD equity line of credit and up to $9.0 million USD in convertible debentures.

What were the results of Incannex Healthcare's (IXHL) Phase 2 clinical trial for PSX-001?

The Phase 2 proof-of-concept clinical trial of PSX-001 showed positive top-line results, with a significant reduction in anxiety scores and good tolerability in patients with generalized anxiety disorder.

When does Incannex Healthcare (IXHL) expect to report top-line data from the Phase 2 portion of the RePOSA clinical trial?

Incannex anticipates reporting top-line data from the Phase 2 portion of the RePOSA clinical trial for IHL-42X in the first half of 2025.

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