share_log

XORTX Therapeutics | 6-K/A: Report of foreign private issuer (related to financial reporting)

XORTX Therapeutics | 6-K/A: Report of foreign private issuer (related to financial reporting)

XORTX Therapeutics | 6-K/A:外国发行人报告(业绩相关)
美股SEC公告 ·  2024/09/14 00:51

Moomoo AI 已提取核心信息

XORTX Therapeutics has filed an amended MD&A for Q2 2024, providing additional details on funding allocations for its product development programs. The company plans to allocate 98% of available funds to advance XRx-008 for ADPKD treatment, with 1% each for XRx-101 and XRx-225 programs.The company reported Q2 2024 net income of $170,066 versus a loss of $1.69M in Q2 2023, primarily due to reduced R&D expenses of $67,683 compared to $667,913 last year. As of June 30, 2024, XORTX had cash of $3.08M and working capital of $1.26M. The company raised CAD $2.7M through unit offerings in Q1 2024.XORTX's lead program XRx-008 is advancing toward Phase 3 registration trials, with plans to initiate the XRX-OXY-201 trial in H1 2025 pending funding. The company estimates costs of $5-30M for XRX-OXY-201 and additional funds needed for CMC work, commercialization studies and European registration activities through 2027.
XORTX Therapeutics has filed an amended MD&A for Q2 2024, providing additional details on funding allocations for its product development programs. The company plans to allocate 98% of available funds to advance XRx-008 for ADPKD treatment, with 1% each for XRx-101 and XRx-225 programs.The company reported Q2 2024 net income of $170,066 versus a loss of $1.69M in Q2 2023, primarily due to reduced R&D expenses of $67,683 compared to $667,913 last year. As of June 30, 2024, XORTX had cash of $3.08M and working capital of $1.26M. The company raised CAD $2.7M through unit offerings in Q1 2024.XORTX's lead program XRx-008 is advancing toward Phase 3 registration trials, with plans to initiate the XRX-OXY-201 trial in H1 2025 pending funding. The company estimates costs of $5-30M for XRX-OXY-201 and additional funds needed for CMC work, commercialization studies and European registration activities through 2027.
XORTX Therapeutics已提交修订的MD&A报告,涵盖2024年第二季度,提供了有关其产品开发项目的资金分配的更多细节。该公司计划将98%的可用资金分配用于推进XRx-008以治疗ADPKD,每个XRx-101和XRx-225项目各占1%。该公司报告2024年第二季度净利润为170,066美元,相比之下,2023年第二季度亏损为169万,主要由于研发费用减少,从去年的667,913美元降至67,683美元。截至2024年6月30日,XORTX的现金为308万,营运资本为126万。该公司通过单位发行在2024年第一季度筹集了270万加元。XORTX的主导项目XRx-008正在推进至III期注册试验,计划在2025年上半年启动XRX-OXY-201试验,前提是获得资金。该公司预计XRX-OXY-201的费用为500万至3000万,并且需要额外资金用于CMC工作、商业化研究和到2027年的欧洲注册活动。
XORTX Therapeutics已提交修订的MD&A报告,涵盖2024年第二季度,提供了有关其产品开发项目的资金分配的更多细节。该公司计划将98%的可用资金分配用于推进XRx-008以治疗ADPKD,每个XRx-101和XRx-225项目各占1%。该公司报告2024年第二季度净利润为170,066美元,相比之下,2023年第二季度亏损为169万,主要由于研发费用减少,从去年的667,913美元降至67,683美元。截至2024年6月30日,XORTX的现金为308万,营运资本为126万。该公司通过单位发行在2024年第一季度筹集了270万加元。XORTX的主导项目XRx-008正在推进至III期注册试验,计划在2025年上半年启动XRX-OXY-201试验,前提是获得资金。该公司预计XRX-OXY-201的费用为500万至3000万,并且需要额外资金用于CMC工作、商业化研究和到2027年的欧洲注册活动。
声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息