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Nexalis Therapeutics Halts Point8 Funding Talks, Completes IRX-616a Phase 1 Trial with Positive Results

11:48am on Monday 6th of July, 2026 AEST Healthcare
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Nexalis Therapeutics Halts Point8 Funding Talks, Completes IRX-616a Phase 1 Trial with Positive Results

11:48am on Monday 6th of July, 2026 AEST
Key Points
  • Point8 Capital funding negotiations ceased
  • IRX-616a Phase 1 trial confirms safety and tolerability
  • LFO funding facility cancelled with outstanding drawdowns
  • Clinical trials temporarily suspended pending funding
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