Welcome to our dedicated page for Incannex Healthcare news (Ticker: ixhl), a resource for investors and traders seeking the latest updates and insights on Incannex Healthcare stock.
Incannex Healthcare Ltd (IXHL) is a clinical-stage biopharmaceutical innovator developing novel cannabinoid and psychedelic-assisted therapies for chronic medical conditions. This dedicated news hub provides investors and healthcare professionals with essential updates on the company's research advancements and operational milestones.
Access authoritative information about IXHL's clinical trials, regulatory developments, and strategic partnerships. Our curated collection includes press releases on sleep apnea therapies, inflammatory disease treatments, and neurological disorder research – all critical to understanding the company's progress in psychedelic medicine and cannabinoid science.
Key updates cover therapeutic program developments, Australian medicinal cannabis license utilization, and financial strategy implementations. Stay informed about IXHL's pioneering work through verified announcements regarding clinical-stage breakthroughs and research collaborations.
Bookmark this page for direct access to Incannex Healthcare's official communications. Regularly updated content ensures you maintain current awareness of their innovative approaches to addressing unmet medical needs through advanced pharmaceutical research.
Incannex Healthcare (Nasdaq: IXHL) has completed Phase 2 patient enrollment in its global Phase 2/3 RePOSA study of IHL-42X, an oral treatment for Obstructive Sleep Apnea (OSA). The study enrolled over 120 patients across 11 U.S. sites, with topline Phase 2 data expected in first half 2025.
The Phase 2 trial is comparing two dose strengths of IHL-42X to placebo over four weeks. The subsequent Phase 3 expansion will evaluate the selected dose over 52 weeks across 440 patients, comparing it to individual components and placebo.
IHL-42X is designed as a once-daily oral fixed dose combination medicine targeting the underlying causes of OSA. The RePOSA study focuses on patients with mild to severe OSA who are intolerant, non-compliant, or naïve to positive airway pressure therapy. The trial aims to support future regulatory submission through the FDA 505(b)(2) pathway.
Incannex Healthcare (Nasdaq: IXHL) has announced a $12.5 million private placement through the sale of 11,574,090 shares at $1.08 per share to institutional investors. The offering includes Series A Warrants to purchase an additional 11,574,090 shares at $2.16 per share, exercisable following stockholder approval with a 2.5-year expiration.
The funds will primarily support the company's IHL-42X clinical program for Obstructive Sleep Apnea (OSA), specifically funding the completion and topline readout of the U.S. Phase 2 study and its expansion into a global Phase 3 study with sites in the U.K. and U.S. Additional proceeds will be used to repay outstanding convertible debentures, working capital, and general corporate purposes.
The private placement, expected to close around March 10, 2025, is being conducted with R. F. Lafferty & Co. as the sole placement agent. The securities are being offered under Section 4(a)(2) of the Securities Act and Regulation D to accredited investors only.
Incannex Healthcare Inc. (NASDAQ: IXHL) reported its Q2 FY2025 financial results, showing R&D costs of $1.4M, down from $2.6M year-over-year. The decrease resulted from completing the IHL-42X safety and pharmacokinetics trial and shifting resources from the Phase 2 IHL-675A Australia study to a larger U.S. Phase 2 study.
The company recovered 68.3% of R&D costs through a tax incentive of $0.956M. Net loss increased to $5.9M from $5.2M in the same period last year. Notable developments include securing a $50M ELOC financing agreement with Arena Investors and positive top-line results from IHL-42X's pharmacokinetics study, confirming successful drug component delivery. Stonegate Capital Partners' probability-adjusted DCF model suggests a share valuation range of $5.08 to $5.96, with a $5.50 midpoint.
Incannex Healthcare (Nasdaq: IXHL) reported its fiscal Q2 2025 financial results and business updates. The company announced positive pharmacokinetics (PK) findings for IHL-42X, their oral treatment for Obstructive Sleep Apnea (OSA), supporting a future 505(b)(2) New Drug Application.
Key financial metrics include: G&A expenses of $3.6M USD (down from $5.3M in 2023), R&D expenses of $1.4M USD (down from $2.6M in 2023), and a net loss of $6.3M USD (increased from $4.3M in 2023). Cash position stands at $2.1M USD as of December 31, 2024.
The company established a new OSA Clinical Advisory Board, appointing Dr. Alison Wimms from ResMed as advisor. The global Phase 2/3 'RePOSA' clinical trial is progressing with strong recruitment, with top-line readout expected in H1 2025.
Incannex Healthcare (Nasdaq: IXHL) has appointed Dr. Alison Wimms to its newly formed IHL-42X Obstructive Sleep Apnea (OSA) Clinical Advisory Board, where she will represent ResMed. Dr. Wimms brings two decades of sleep medicine industry and research expertise to her advisory role. She holds a Ph.D. in Medicine, Master of Medicine in Sleep Medicine, and Bachelor of Science degrees from the University of Sydney.
The appointment supports Incannex's ongoing global Phase 2/3 'RePOSA' clinical study in OSA and demonstrates the company's commitment to innovation in OSA treatment. Dr. Wimms will provide guidance on IHL-42X late-stage clinical development as part of her advisory role.
Incannex Healthcare (NASDAQ: IXHL) has announced positive topline results from its pharmacokinetics (PK) study of IHL-42X, a novel oral combination medicine combining dronabinol and acetazolamide for treating Obstructive Sleep Apnea (OSA).
The study demonstrated successful bioavailability of IHL-42X, achieving similar PK profiles and equivalent total drug exposure levels compared to reference listed drugs (RLD). The trial involved 125 participants across two Australian sites, with 114 completing all treatment periods. The study evaluated four treatment regimens: IHL-42X in fasted and fed states, and individual components in fasted states.
Key findings showed no substantial food effect on acetazolamide exposure, though THC exposure increased when IHL-42X was administered with food. Safety results were favorable, with no serious adverse events reported. The data supports a potential FDA 505(b)(2) application and will inform the analysis of upcoming Phase 2/3 clinical trials.
Stonegate Capital Partners has updated its coverage on Incannex Healthcare Inc. (NASDAQ: IXHL) for Q1 2025. The company reported research and development costs of $2.9M, marking a $0.3M increase from Q1 2024. IXHL recovered 28.0% of these costs through an R&D tax incentive of $0.8M, with expectations of normalization around 43.5%. The company has completed dosing for its Phase 2/3 FDA trial for Obstructive Sleep Apnea treatment and received FDA IND clearance for PSX-001, targeting Generalized Anxiety Disorder. Stonegate's probability-adjusted DCF model suggests a per share valuation range of $5.07 to $5.93.
Incannex Healthcare (Nasdaq: IXHL) reported its fiscal Q1 2025 financial results and business updates. The company secured strategic financing of up to $59.0 million, including a $50 million equity line of credit and $9.0 million in convertible debentures. Key developments include FDA and MHRA clearance for the Phase 2b PsiGAD2 trial and completion of dosing in the IHL-42X bioavailability trial. Financial results show G&A expenses of $3.4M, R&D expenses of $2.9M, and a net loss of $5.4M. Cash position stood at $3.6M as of September 30, 2024, down from $5.9M in June 2024.
Incannex Healthcare (Nasdaq: IXHL) has appointed Dr. Lou Barbato as Chief Medical Officer, effective immediately. Dr. Barbato brings over 25 years of experience in clinical development, regulatory strategy, and global medical affairs from positions at Jazz Pharmaceuticals, AbbVie, Biogen, Novartis, and Solvay. He has contributed to multiple successful drug approvals, including Marplan®, Luvox® CR, Marinol®, and Gilenya®. At Incannex, he will lead the development of clinical-stage programs targeting obstructive sleep apnea, generalized anxiety disorder, and rheumatoid arthritis.
Stonegate Capital Partners has initiated coverage on Incannex Healthcare Inc. (NASDAQ: IXHL), a company focused on developing proprietary, synthetic first and best-in-class cannabinoid and psychedelic-assisted therapeutics. The key highlights of the coverage include:
1. Incannex is currently conducting an FDA phase 2/3 trial for IHL-42X, targeting the treatment of Obstructive Sleep Apnea (OSA).
2. The company expects to release top-line data from the pivotal phase 2 trial of IHL-42X in the first half of 2025.
This coverage initiation by Stonegate Capital Partners suggests increased attention on Incannex's innovative therapeutic approaches and ongoing clinical trials in the cannabinoid and psychedelic-assisted treatment space.
