Core Insights - Incannex Healthcare Inc. announced positive topline results from its RePOSA Phase 2 clinical trial for IHL-42X, a novel oral drug candidate for obstructive sleep apnoea (OSA), highlighting its potential as a transformative therapy for the over 900 million people affected globally [2][5][11] - The trial demonstrated statistically significant and clinically meaningful improvements across key endpoints, reinforcing IHL-42X's potential as a best-in-class therapy for OSA patients [2][3][5] Clinical Efficacy - IHL-42X showed a reduction in the Apnoea-Hypopnoea Index (AHI) by up to 83% in the high-dose group and 79% in the low-dose group, with 33.3% of low-dose and 41.2% of high-dose patients achieving over 30% reduction in AHI [6][10] - Statistically significant improvements were observed in patient-reported outcomes, including sleep-related impairment and fatigue, indicating enhanced quality of life for patients [6][10] Safety Profile - IHL-42X was well tolerated, with no serious adverse events reported and most treatment-emergent adverse effects being mild or moderate, supporting its potential for broad patient use [4][7] Next Steps - Incannex is preparing for an End-of-Phase 2 meeting with the FDA to discuss the path to registration and optimize Phase 3 trial design [8][9] - The company will continue to evaluate clinical data and complete the full Clinical Study Report, marking a new phase toward late-stage development and potential commercialization [9][10] Company Overview - Incannex is focused on developing combination medicines targeting chronic conditions, including OSA, and is advancing multiple clinical-stage product candidates [11]

Core Viewpoint - Incannex Healthcare Inc. is making significant progress in its IHL-42X development program for treating obstructive sleep apnea (OSA), with key milestones expected in the near future [2]. Operational Highlights - The company secured $12.5 million in private placement funding to support the ongoing IHL-42X Phase 2/3 clinical program [7]. - An OSA Clinical Advisory Board was formed, with Dr. Alison Wimms appointed to enhance collaboration and clinical development efforts [7]. - More than 120 patients have been dosed across 11 clinical trial sites in the Phase 2 portion of the RePOSA study [7]. Clinical Highlights - IHL-42X is an oral fixed-dose combination of dronabinol and acetazolamide, currently in the RePOSA Phase 2/3 clinical trial, which aims to enroll over 560 patients globally [6]. - The trial is evaluating two doses of IHL-42X compared to placebo over a four-week treatment period, with topline data expected in July 2025 [7][8]. - Positive topline results from a pharmacokinetics and safety study confirmed the bioavailability of both active components in IHL-42X [7]. Financial Results - General and Administrative (G&A) expenses for the three months ended March 31, 2025, were $2.27 million, down from $4.14 million in the same period of 2024 [7]. - Research and Development (R&D) expenses for the same period totaled $2.74 million, compared to $3.28 million in 2024 [7]. - The net loss for the three-month period ended March 31, 2025, was $3.97 million, a decrease from $6.03 million in the prior year [7].