InhaleRx Limited (AU:IRX) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
InhaleRx Limited has announced a temporary FDA suspension of its IND application for a phase 1 clinical trial of IRX616a, aimed at treating Panic Disorder, to address safety concerns. The company is awaiting further FDA communication and is preparing a comprehensive response while continuing its drug development plans in Australia, where IND is not required for early-phase trials. CEO Darryl Davies expressed commitment to resolving the FDA’s concerns and advancing the treatment’s development.
For further insights into AU:IRX stock, check out TipRanks’ Stock Analysis page.