{"id":29390,"date":"2025-02-19T04:28:57","date_gmt":"2025-02-18T22:58:57","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/2025\/02\/19\/stonegate-updates-coverage-on-incannex-healthcare-inc-ixhl-2q-2025\/"},"modified":"2025-02-19T18:09:35","modified_gmt":"2025-02-19T12:39:35","slug":"stonegate-updates-coverage-on-incannex-healthcare-inc-ixhl-2q-2025","status":"publish","type":"post","link":"https:\/\/matribhumisamachar.com\/en\/2025\/02\/19\/stonegate-updates-coverage-on-incannex-healthcare-inc-ixhl-2q-2025\/","title":{"rendered":"Stonegate Updates Coverage on Incannex Healthcare Inc. (IXHL) 2Q 2025"},"content":{"rendered":"<p style=\"text-align: justify;\">Dallas, Texas&#8211;(Newsfile Corp. &#8211; February 18, 2025) &#8211; Incannex Healthcare Inc. (NASDAQ: IXHL): Stonegate Capital Partners updates their coverage on Incannex Healthcare Inc. (NASDAQ: IXHL). During the second quarter of fiscal year 2025, Incannex Healthcare Inc. reported R&amp;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&amp;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.<\/p>\n<p style=\"text-align: justify;\">Key Takeaways:<\/p>\n<p style=\"text-align: justify;\">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 of $5.08 to $5.96 with a midpoint of $5.50.<\/p>\n<p style=\"text-align: justify;\">About Stonegate<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<div style=\"text-align: justify;\"><\/div>\n<p style=\"text-align: justify;\">Featured Article<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dallas, Texas&#8211;(Newsfile Corp. &#8211; February 18, 2025) &#8211; Incannex Healthcare Inc. (NASDAQ: IXHL): Stonegate Capital Partners updates their coverage on Incannex Healthcare Inc. (NASDAQ: IXHL). During the second quarter of fiscal year 2025, Incannex Healthcare Inc. reported R&amp;D costs of $1.4M, a decrease from $2.6M in the same period of the previous year. This reduction &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[130],"tags":[26551],"class_list":["post-29390","post","type-post","status-publish","format-standard","","category-international","tag-stonegate-capital-partners"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stonegate Updates Coverage on Incannex Healthcare Inc. 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