Incannex Receives HREC Approval For Phase 2 Clinical Trial Of CBD-Based Drug For Use In Treatment Of Rheumatoid Arthritis
Portfolio Pulse from Vuk Zdinjak
Incannex Healthcare Limited (NASDAQ:IXHL) has received approval from Bellberry Human Research Ethics Committee for its phase 2 clinical trial of IHL-675A, a CBD-based drug for rheumatoid arthritis. The trial will assess the efficacy, safety, and tolerability of IHL-675A compared to CBD and hydroxychloroquine sulphate, and placebo. The study will be managed by Avance Clinical and will include 128 participants across 8-10 sites in Australia and New Zealand.
July 13, 2023 | 1:30 pm
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Incannex Healthcare's approval for phase 2 clinical trial of its CBD-based drug for rheumatoid arthritis could potentially boost its stock as it indicates progress in the company's product development.
The approval for the phase 2 clinical trial of Incannex's CBD-based drug for rheumatoid arthritis is a significant milestone for the company. It indicates progress in the company's product development, which could potentially attract more investors and boost its stock price in the short term.
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