Stonegate Updates Coverage on Incannex Healthcare Inc. (NasdaqGM:IXHL) 2Q 2025

Paid press release content from Reportable. The StreetInsider.com news staff was not involved in its creation.

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/21/2026

1. WMT
2. ROST
3. AAP
4. NVDA
5. SPY
6. AVGO
7. SPCX
8. BJ
9. BABA
10. OSIS

February 18, 2025 4:05 PM EST

DALLAS, TX -- February 18th, 2025 --ย Incannex Healthcare Inc. (NasdaqGM:IXHL):ย Stonegate Capital Partners updates their coverage on Incannex Healthcare Inc. (NasdaqGM:IXHL). During the second quarter of fiscal year 2025, Incannex Healthcare Inc. reported R&D costs of $1.4M, a decrease from $2.6M in the same period of the previous year. This reduction was primarily due to the completion of the IHL-42X safety and pharmacokinetics clinical trial and the reallocation of resources from the Phase 2 IHL-675A Australia study to a larger U.S. Phase 2 study. The Company recovered 68.3% of these costs with an R&D tax incentive of $0.956 million. The net loss for the quarter was $5.9M, compared to $5.2M in the same period of the previous year.ย 

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

Key Takeaways:

  • Incannex secured a strategic financing agreement with Arena Investors, which includes a $50M ELOC with Arena Business Solutions.
  • IHL-42X had positive top-line results from a pharmacokinetics(PK) and safety study. The study demonstrated the bioavailability of IHL-42X, confirming the delivery of both drug components.
  • When we use a probability adjusted DCF model, it returns an estimated share valuation range ofย $5.08 to $5.96 with a midpoint of $5.50.

Click image above to view full announcement.

๐€๐›๐จ๐ฎ๐ญ ๐’๐ญ๐จ๐ง๐ž๐ ๐š๐ญ๐ž
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:

Stonegate Capital Partners
(214) 987-4121
[email protected]

Source: Stonegate, Inc.

Distributed by: Reportable, Inc.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Press Releases, Reportable