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Incannex jumps 15% after FDA fast tracks sleep apnea drug
short by / on Wednesday, 3 December, 2025
Incannex shares jumped nearly 15% after the FDA granted Fast Track status to IHL-42X, its oral therapy for obstructive sleep apnea. The designation, supported by strong Phase 2 results, offers benefits like rolling review and increased FDA interaction. Retail sentiment highlighted the significant unmet need and long-term optimism for the treatment.
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