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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 ·  2024/09/13 12:51

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XORTX Therapeutics reported Q2 2024 financial results, highlighting progress in its lead ADPKD program XRx-008. The company closed two tranches of a non-brokered offering, raising CAD $2.7 million. Net income was $170,066 for Q2, compared to a loss of $1.69 million in Q2 2023, primarily due to a $1.65 million gain on derivative warrant liability.Research and development expenses decreased to $67,683 in Q2 2024 from $667,913 in Q2 2023 as the XRX-OXY-101 pharmacokinetic study was mostly completed. XORTX ended Q2 with $3.08 million in cash. The company plans to initiate the XRX-OXY-201 pivotal trial for ADPKD in H1 2025, subject to funding.XORTX is focusing 98% of its resources on advancing the XRx-008 program for ADPKD, with preparations underway for pivotal trials. The company aims to file for accelerated FDA approval in 2027, pending positive clinical results and sufficient funding to execute its development plans.
XORTX Therapeutics reported Q2 2024 financial results, highlighting progress in its lead ADPKD program XRx-008. The company closed two tranches of a non-brokered offering, raising CAD $2.7 million. Net income was $170,066 for Q2, compared to a loss of $1.69 million in Q2 2023, primarily due to a $1.65 million gain on derivative warrant liability.Research and development expenses decreased to $67,683 in Q2 2024 from $667,913 in Q2 2023 as the XRX-OXY-101 pharmacokinetic study was mostly completed. XORTX ended Q2 with $3.08 million in cash. The company plans to initiate the XRX-OXY-201 pivotal trial for ADPKD in H1 2025, subject to funding.XORTX is focusing 98% of its resources on advancing the XRx-008 program for ADPKD, with preparations underway for pivotal trials. The company aims to file for accelerated FDA approval in 2027, pending positive clinical results and sufficient funding to execute its development plans.
XORTX Therapeutics报告了2024年第二季度的财务结果,突出了其主要ADPKD项目XRx-008的进展。该公司完成了两轮非承销融资,筹集了270万加元。第二季度的净利润为170,066美元,与2023年第二季度的169万亏损相比,主要由于衍生权证负债的165万美元收益。研发费用从2023年第二季度的667,913美元减少到2024年第二季度的67,683美元,因为XRX-OXY-101药代动力学研究大部分已完成。XORTX在第二季度末的现金为308万。该公司计划在2025年上半年启动ADPKD的XRX-OXY-201关键试验,前提是获得资金。XORTX将98%的资源集中在推进XRx-008项目用于ADPKD,目前正在为关键试验做好准备。该公司以期在2027年申请FDA加速审批,前提是临床结果良好并有足够资金执行其开发计划。
XORTX Therapeutics报告了2024年第二季度的财务结果,突出了其主要ADPKD项目XRx-008的进展。该公司完成了两轮非承销融资,筹集了270万加元。第二季度的净利润为170,066美元,与2023年第二季度的169万亏损相比,主要由于衍生权证负债的165万美元收益。研发费用从2023年第二季度的667,913美元减少到2024年第二季度的67,683美元,因为XRX-OXY-101药代动力学研究大部分已完成。XORTX在第二季度末的现金为308万。该公司计划在2025年上半年启动ADPKD的XRX-OXY-201关键试验,前提是获得资金。XORTX将98%的资源集中在推进XRx-008项目用于ADPKD,目前正在为关键试验做好准备。该公司以期在2027年申请FDA加速审批,前提是临床结果良好并有足够资金执行其开发计划。
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