Clinical-stage biopharma company Incannex Healthcare Ltd. (NASDAQ:IXHL) shared its quarterly activities report and appendix 4C for the period ended 30 September 2022, noticeably applying for several U.S. FDA approvals regarding its cannabinoid pharmaceutical products and psychedelic medicine therapies.
As for numbers, Incannex’s total cash for the mentioned period was nearly $21.4M (AU$33.4M) while research and development expenses accounted for $1.445M (AU$2.256M). Interestingly, the company is eligible to receive a significant federal annual cash rebate, consisting of approx. 43.5% of the total investment made on R&D in Australia.
