Incannex Healthcare (IXHL) announced that the FDA has granted Fast Track designation for IHL-42X, the company's oral fixed-dose combination product candidate for the treatment of obstructive sleep apnea. The Fast Track designation was supported by safety, efficacy, and pharmacokinetic results from the three clinical trials completed to date within the IHL-42X development program.
Incannex expects to receive detailed written feedback from the FDA in response to its Phase 2 data package and clinical development strategy. The company expects to provide further updates once it has received and reviewed this feedback.
Shares of Incannex are up 21% in pre-market trade on Wednesday.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.