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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:外國發行人報告(業績相關)
美股SEC公告 ·  2024/09/14 00:51

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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公佈了2024年第二季度的財務結果,強調了其主要ADPKD項目XRx-008的進展。公司完成了兩輪非中介發行,籌集了270萬加元。第二季度的凈利潤爲170,066美元,而2023年第二季度則虧損169萬,主要是由於衍生權證負債的165萬收益。2024年第二季度的研發費用從2023年第二季度的667,913美元減少至67,683美元,因爲XRX-OXY-101藥物代謝動力學研究大部分已完成。XORTX在第二季度結束時手頭現金爲308萬。公司計劃在2025年上半年啓動XRX-OXY-201對ADPKD的關鍵試驗,具體取決於資金情況。XORTX將98%的資源集中在推進XRx-008項目上,並正在爲關鍵試驗做準備。公司計劃在2027年申請加速FDA批准,前提是獲得積極的臨牀結果和足夠的資金來執行其開發計劃。
XORTX Therapeutics公佈了2024年第二季度的財務結果,強調了其主要ADPKD項目XRx-008的進展。公司完成了兩輪非中介發行,籌集了270萬加元。第二季度的凈利潤爲170,066美元,而2023年第二季度則虧損169萬,主要是由於衍生權證負債的165萬收益。2024年第二季度的研發費用從2023年第二季度的667,913美元減少至67,683美元,因爲XRX-OXY-101藥物代謝動力學研究大部分已完成。XORTX在第二季度結束時手頭現金爲308萬。公司計劃在2025年上半年啓動XRX-OXY-201對ADPKD的關鍵試驗,具體取決於資金情況。XORTX將98%的資源集中在推進XRx-008項目上,並正在爲關鍵試驗做準備。公司計劃在2027年申請加速FDA批准,前提是獲得積極的臨牀結果和足夠的資金來執行其開發計劃。
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