What's Going On With Incannex Stock?
Portfolio Pulse from Erica Kollmann
Incannex Healthcare Inc. (NASDAQ:IXHL) shares surged after announcing its Psi-GAD1 trial for psilocybin in generalized anxiety disorder met its primary endpoint, demonstrating significant clinical effect over placebo. The company plans to proceed with a Phase 2B trial, PsiGAD2, in collaboration with Clerkenwell Health across the US and UK.
February 28, 2024 | 4:58 pm
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Incannex Healthcare Inc. shares jumped following the successful Psi-GAD1 trial results for psilocybin in treating generalized anxiety disorder, with plans for a Phase 2B trial.
The positive outcome of the Psi-GAD1 trial directly impacts Incannex Healthcare's stock as it demonstrates significant progress in their psilocybin treatment for anxiety disorders. The announcement of a follow-up Phase 2B trial indicates continued development and potential for future success, likely increasing investor confidence and demand for IXHL shares in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100