Key Performance
More- Earnings Score: N/A
- Momentum Score: 70
- True Yield: N/A
- Financial Health Score: N/A
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Latest Research & News
Over 60 pharmaceutical companies are advancing more than 65 medical marijuana pipeline therapies across multiple clinical development stages. Key players including Harmony Biosciences, Cardiol Therapeutics, Incannex Healthcare, and others are developing treatments for conditions ranging from chronic pain and neurological disorders to psychiatric conditions. Recent milestones include FDA approvals for Exilby (first European cannabis-based chronic pain treatment) and Syndros, with several Phase III trials underway for conditions like Fragile X Syndrome, autism spectrum disorder, and obstructive sleep apnea.
10/13/2026, 1:00 PM • GlobeNewswire
Incannex Healthcare received A$6.0 million in R&D tax incentive refunds from the Australian Government with an additional A$5.1 million expected later in 2026, totaling over A$11.1 million in non-dilutive capital. The company plans to use these proceeds to advance clinical programs including IHL-42X and PSX-001, while maintaining its share repurchase program and strengthening its debt-free balance sheet.
06/10/2026, 8:00 AM • GlobeNewswire
Incannex Healthcare Recognized for Innovative Drug Development Solutions by MedTech Breakthrough
Incannex Healthcare Inc. (Nasdaq: IXHL) has been recognized as the winner of the 'Best New Technology Solution for Drug Development' at the 10th annual MedTech Breakthrough Awards for its lead drug candidate IHL-42X, an oral fixed-dose combination therapy for obstructive sleep apnea. The Phase 2 RePOSA trial demonstrated statistically significant improvements in key endpoints including reductions in apnea-hypopnea index, improved oxygenation, sleep quality, and daytime fatigue.
05/07/2026, 10:00 AM • GlobeNewswire
Incannex Strengthens Clinical Development Pathway for IHL-42X Following Positive Phase 2 Outcomes
Incannex Healthcare announced an enhanced clinical development strategy for IHL-42X, its lead oral drug candidate for obstructive sleep apnea (OSA), following statistically significant Phase 2 results. The company received FDA Fast Track Designation and plans to conduct a Phase 2 crossover dose-optimization study (DReAMzz) to optimize the drug's efficacy before advancing to a streamlined Phase 3 program. Phase 2 data showed significant improvements in both objective physiological measures and patient-reported outcomes with no serious adverse events.
03/12/2026, 8:00 AM • GlobeNewswire
Incannex Healthcare Announces Additional Appointments to Clinical Advisory Board
Incannex Healthcare Inc. (Nasdaq: IXHL) announced the appointment of three distinguished members to its Clinical Advisory Board: Murray B. Stein, MD, MPH from UCSD; Andrew Cutler, MD from SUNY Upstate Medical University; and Amir Kalali, MD. The CAB will provide clinical and scientific guidance as PSX-001, an oral synthetic psilocybin treatment for generalized anxiety disorder, advances through clinical and regulatory development.
01/29/2026, 8:00 AM • GlobeNewswire
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Company Profile
Incannex Healthcare Inc., a clinical-stage biopharmaceutical company, engages in the research and development of psychedelic medicines and therapies for patients with chronic diseases in Australia. The company develops IHL-42X, an oral fixed dose combination of dronabinol and acetazolamide that is in Phase 2/3 clinical trial for the treatment of obstructive sleep apnea; and PSX-001, an oral synthetic psilocybin treatment in Phase 2b clinical development for patients with generalized anxiety disorder. It is developing IHL-675A, an oral fixed dose combination drug containing synthetic cannabidiol and hydroxychloroquine sulphate to treat rheumatoid arthritis, as well as lung inflammation, acute respiratory disease, chronic obstructive pulmonary disease, asthma, bronchitis, inflammatory bowel disease, colitis, and Crohn's disease. The company is headquartered in Melbourne, Australia.