Incannex Healthcare Ltd (ASX:IHL, NASDAQ:IXHL), a global biotech company developing cannabinoid and psychedelic compound medicines, has been added to the S&P/ASX 300 Index with the change effective prior to the market opening on September 19, 2022.
This addition to the S&P/ASX Indices was made following S&P Dow Jones Indices’ September quarterly review.
Incannex is a clinical-stage pharmaceutical development company that is developing unique medicinal cannabis pharmaceutical products and psychedelic medicine therapies for the treatment of generalised anxiety disorder (GAD), obstructive sleep apnoea (OSA), traumatic brain injury (TBI)/concussion, lung inflammation (ARDS, COPD, asthma, bronchitis), rheumatoid arthritis and inflammatory bowel disease.
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FDA approval and registration, subject to ongoing clinical success, is being pursued for each drug and therapy under development.
Each indication represents major global markets and currently have no, or limited, existing registered pharmacotherapy (drug) treatments available to the public.
IHL has a strong patent filing strategy in place as it develops its products and therapies in conjunction with its medical and scientific advisory board and partners.
S&P/ASX Index changes
Other changes to the S&P/ASX Indices include the removal of AVZ Minerals Ltd (ASX:AVZ) from the S&P/ASX 200 Index as well as the S&P/ASX 300 Index and the removal of Firefinch Ltd (ASX:FFX) from the S&P/ASX 300 Index.
There were no changes to the S&P/ASX 20 Index or the S&P/ASX 50 Index.
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