Xortx Therapeutics Inc Stock Price, News & Analysis

XORTX Therapeutics has announced the publication of a peer-reviewed study in the American Journal of Nephrology regarding hyperuricemia's implications in COVID-19 patients. The study, conducted with the Icahn School of Medicine, involved 834 hospitalized patients, revealing that 60% experienced acute kidney injury (AKI) and 31.7% died. Elevated serum uric acid was identified as a significant risk factor for AKI and mortality. XORTX's CEO emphasized the need for uric acid measurement in COVID-19 patients and the potential for uric acid-lowering treatments to improve outcomes.

XORTX Therapeutics Inc. (NASDAQ: XRTX) announced that A.G.P./Alliance Global Partners has initiated research coverage on the company. This marks a significant milestone for XORTX, which is developing innovative therapies for progressive kidney disease, including XRx-008 for Autosomal Dominant Polycystic Kidney Disease and XRx-101 for COVID-19. The coverage report by James Molloy, a senior biotechnology analyst, emphasizes XORTX’s commitment to addressing critical health concerns. It can be accessed online or via direct contact with A.G.P.

XORTX Therapeutics has appointed Altasciences as the contract research organization for its planned bridging pharmacokinetic study, XRX-OXY-101, aimed at advancing therapies for autosomal dominant polycystic kidney disease (ADPKD) and acute kidney injury related to Coronavirus infections. This study will assess the bioavailability of oxypurinol following promising results in animal models. CEO Dr. Allen Davidoff emphasized that this marks the beginning of multiple clinical trials designed to enhance treatments for kidney diseases.

XORTX Therapeutics Inc. (TSXV: XRTX | NASDAQ: XRTX) has announced its annual and special meeting of shareholders scheduled for December 20, 2021. Shareholders will vote on key matters, including the election of directors and re-appointment of auditors. The company will feature a new board member, Dr. Raymond Pratt, who brings extensive experience in nephrology and drug development. Due to COVID-19 restrictions, the meeting will be held via conference call, and shareholders are encouraged to vote by proxy. XORTX is advancing therapies for kidney diseases and COVID-19.

Argus Research has begun coverage on XORTX Therapeutics (Nasdaq: XRTX), focused on innovative therapies for progressive kidney diseases. XORTX aims to advance its two leading candidates into Phase 3 trials in 2022, with a significant financing round completed in October 2021, raising approximately $13.5 million. The company anticipates additional funding from warrant exercises and has a fair value estimate of $13 per share, substantially higher than the current trading price of around $3. With a potent pipeline targeting conditions like autosomal-dominant polycystic kidney disease, XORTX shows strong market potential.

XORTX Therapeutics Inc. has completed a public offering, issuing an additional 355,000 common shares at US$4.129 each, raising approximately US$1.47 million. This follows the earlier announcement of total gross proceeds of about US$13.47 million from 3,261,000 shares and 3,341,900 warrants sold. Dr. Allen Davidoff, CEO, noted this investment reflects strong investor interest amid the company's NASDAQ uplisting. The offering is registered with the SEC, and further details can be accessed via the SEC’s website.

XORTX Therapeutics Inc. (TSXV: XRTX | NASDAQ: XRTX), a pharmaceutical company focused on kidney disease therapies, announced the de-listing of its common shares from the Canadian Securities Exchange (CSE) effective today. Trading will resume on the TSX Venture Exchange (TSXV) tomorrow without any need for shareholders to exchange share certificates. The company is advancing two clinical products: XRx-008 for Autosomal Dominant Polycystic Kidney Disease and XRx-101 for acute kidney injury related to COVID-19. The CUSIP will remain unchanged for the common shares.

XORTX Therapeutics Inc. (CSE: XRX | NASDAQ: XRTX) announced the final approval for its common shares to be listed on the TSX Venture Exchange (TSXV), effective November 4, 2021. This move aims to enhance the Company's visibility and attract domestic and institutional investors, according to President and CEO Dr. Allen Davidoff. In conjunction with this, XORTX will voluntarily delist from the Canadian Securities Exchange. Shareholders do not need to take any action regarding share certificates as there will be no changes to the trading symbol or CUSIP.

XORTX Therapeutics announced the successful closing of a public offering on October 15, 2021, raising approximately US$12 million through the sale of 2,906,000 units, each consisting of one common share and one warrant with an exercise price of US$4.77. The offering has positioned the company for strategic advancement in its clinical programs, particularly for products targeting progressive kidney disease. The company also granted underwriters a 45-day option for additional shares, enhancing liquidity.