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Incannex Healthcare Limited (Nasdaq: IXHL) has signed a global license agreement with Monash University to develop a novel treatment combining Virtual Reality (VR) and psychedelics aimed at anxiety disorders. This initiative marks the start of a new clinical psychedelic therapy program. The agreement involves three license fees totaling A$800,000, which Incannex will pay at various stages, along with a 7.5% royalty on net sales post-commercialization. Funded by Incannex, the project will be led by esteemed Monash researchers to explore treatment effectiveness and safety.
Incannex Healthcare Limited (Nasdaq: IXHL) has commenced trading its American Depositary Shares (ADS) on the Nasdaq Global Market. Each IXHL ADS represents 25 ordinary shares of the Company. The listing follows the SEC's declaration of effectiveness for its registration statement, allowing broader access to investors interested in medicinal cannabis and psychedelic therapies. Incannex retains its listing on the ASX and completed the Nasdaq listing without a capital raise. The listing aims to enhance visibility and facilitate U.S. FDA approval for its therapeutic pipeline.