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XRTX

XORTX Therapeutics Inc.

https://www.xortx.com

Industry

Biotechnology

XORTX Therapeutics Inc., a bio-pharmaceutical company, engages in the development and commercialization of therapies to treat progressive kidney diseases, diabetes, insulin resistance, metabolic syndrome, diabetes, diabetic nephropathy, and infection. It develops XRx-008, a late clinical stage program therapy for autosomal dominant polycystic kidney disease; XRx-101, an uric acid lowering agent used to treat patients infected with the coronavirus COVID-19 infection and suppression of acute kidney injury and associated health consequences; and XRx-221, a xanthine oxidase inhibitor candidates for the treatment of diabetic nephropathy. The company has a partnership with the Icahn School of Medicine to study the incidence of acute kidney injury and hyperuricemia in patients hospitalized with COVID-19. XORTX Therapeutics Inc. is based in Vancouver, Canada.

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March 05, 2024 | 6:11 pm

XORTX Therapeutics Inc., a late-stage clinical pharmaceutical company, has announced the completion of a second tranche closing, raising CAD $224,850 through a prospectus supplement and a concurrent private placement. This funding is part of a previously announced offering aimed at developing therapies for progressive kidney disease. The private placement included international subscribers, contributing CAD $99,000 to the total raised funds.

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January 04, 2024 | 6:37 pm

XORTX Therapeutics shares have seen an increase in their trading value following an endorsement from Alliance Global Partners, which maintained a Buy rating and increased the price target for the stock from $9 to $14.

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January 04, 2024 | 4:30 pm

Alliance Global Partners analyst James Molloy has reaffirmed a Buy rating on XORTX Therapeutics (NASDAQ:XRTX) and increased the price target from $9 to $14, indicating a positive outlook on the company's stock.

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