Stonegate, Inc.: Stonegate Updates Coverage on Incannex Healthcare Inc. (IXHL) FY26
Stonegate Capital Partners updated coverage on Incannex Healthcare Inc. (IXHL), noting active clinical execution of IHL-42X with first-patient dosing underway. The study, enrolling 120 patients, is expected to complete in mid-2027. IXHL has $68.4M in cash, providing 12-month runway. The company's focus is on IHL-42X and its transition to Phase 3.

