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XORTX Therapeutics (XRTX) Stock News, Mar-Sep 2023

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Welcome to our dedicated page for XORTX Therapeutics news (Ticker: XRTX), a resource for investors and traders seeking the latest updates and insights on XORTX Therapeutics stock.

XORTX Therapeutics Inc. develops therapies for gout and progressive kidney disease, with programs that include XRx-026 for gout, XRx-008 for autosomal dominant polycystic kidney disease, XRx-101 for acute kidney and other acute organ injury associated with respiratory virus infections, and XRx-225 for Type 2 diabetic nephropathy. The company also holds the VB4-P5 kidney anti-fibrotic program, a pre-IND asset targeting rare and prevalent forms of kidney disease.

Company announcements cover clinical and preclinical pipeline development, acquired kidney-disease assets, share consolidations, Nasdaq and TSX Venture Exchange listing matters, annual meeting results, board elections, auditor appointments, stock option plan approvals, and other governance actions tied to its public-company status.

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XORTX Therapeutics has received Orphan Drug Designation from the FDA for oxypurinol to treat autosomal dominant polycystic kidney disease (ADPKD). This designation is a significant milestone in the development of XORLOTM, which may slow progression of kidney damage associated with ADPKD. While not an approval for patient use yet, it positions XORTX favorably for marketing approval.

The Orphan Drug Act provides benefits like seven years of exclusive marketing rights, 25% tax credits on clinical testing costs, and regulatory assistance, all essential for the drug's development. A planned FDA meeting on May 1, 2023, will further discuss phase 3 clinical trials. XORTX has demonstrated positive results in preclinical animal models, showing potential effectiveness in treating ADPKD.

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XORTX Therapeutics has submitted a Type D meeting request to the FDA for its clinical program concerning XRX-OXY-301, aiming to expedite the approval process for XORLOTM, its innovative treatment for autosomal dominant polycystic kidney disease (ADPKD). A virtual meeting is set for May 1, 2023. The revised protocol aims to gather data necessary for accelerated approval of the drug based on total kidney volume metrics. The trial will target patients with stages 2-4 ADPKD and high uric acid levels and is expected to commence in the latter half of 2023.

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FAQ

What is the current stock price of XORTX Therapeutics (XRTX)?

The current stock price of XORTX Therapeutics (XRTX) is $1.69 as of September 25, 2026.

What is the market cap of XORTX Therapeutics (XRTX)?

The market cap of XORTX Therapeutics (XRTX) is approximately 3.1M.