Stonegate Updates Coverage On Incannex Healthcare Inc. (IXHL) 1Q 2025
Stonegate Updates Coverage On Incannex Healthcare Inc. (IXHL) 1Q 2025 . (MENAFN - Newsfile Corp) 
  Dallas, Texas--(Newsfile Corp. - December 2, 2024) - Incannex Healthcare Inc. (NASDAQ: IXHL): Stonegate Capital Partners updates their coverage on Incannex Healthcare ...
América - MenaFN
(MENAFN- Newsfile Corp) Dallas, Texas--(Newsfile Corp. - December 2, 2024) - Incannex Healthcare (NASDAQ: IXHL): Stonegate Capital Partners updates their coverage on Incannex Healthcare Inc. (NASDAQ: IXHL). During 1Q 2025 the Company reported research and development costs of $2.9M, an increase of $0.3M from 1Q24. We expect costs to continue to climb as the Company focuses on getting its drug candidates across the finish line. IXHL recovered 28.0% of these costs with an R&D tax incentive of $0.8M. We expect that this will normalize around 43.5% for the foreseeable future.

To view the full announcement, including downloadable images, bios, and more, click here .

Key Takeaways:



Incannex's novel drug to treat Obstructive Sleep Apnea has completed dosing for the Phase 2/3 FDA trial.

IXHL has received IND clearance from the FDA for its PSX-001 drug, designed to treat Generalized Anxiety Disorder. When we use a probability adjusted DCF model, it returns an estimated per share valuation range of $5.07 to $5.93.







Click image above to view full announcement.

About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Contacts:
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https://menafn.com/1108948655/Stonegate-Updates-Coverage-On-Incannex-Healthcare-Inc-IXHL-1Q-2025
2024-12-02
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(MENAFN - Newsfile Corp) 
  Dallas, Texas--(Newsfile Corp. - December 2, 2024) - Incannex Healthcare Inc. (NASDAQ: IXHL): Stonegate Capital Partners updates their coverage on Incannex Healthcare ...
Stonegate Updates Coverage On Incannex Healthcare Inc. (IXHL) 1Q 2025