IXHL - Why Incannex Healthcare Limited's Stock Is Soaring Today
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The stock market had an impressive day on Tuesday, recovering from a downturn caused by the tensions in Ukraine and general fears of an economic slowdown. However, Incannex Healthcare Limited (NASDAQ:IXHL) was a big outperformer. As of 1:30 p.m. ET, Incannex was up by more than 50% for the day.
The rally came barely a week after the company announced the completion of a preliminary analysis of data for its lead product candidate, IHL-42X. IHL-42X, a novel cannabinoid combination product, reported highly encouraging results from its phase 2, proof-of-concept clinical trial investigating it ...
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Why Incannex Healthcare Limited’s Stock Is Soaring Today