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XORTX Therapeutics Inc V.XRTX

Alternate Symbol(s):  XRTX

XORTX Therapeutics Inc. is a Canada-based late-stage clinical pharmaceutical company. The Company develops therapies to treat progressive kidney disease modulated by aberrant purine and uric acid metabolism in orphan disease indications, such as autosomal dominant polycystic kidney disease (ADPKD), as well as type 2 diabetic nephropathy (T2DN) and fatty liver disease. It is working to advance its clinical development stage products that target aberrant purine metabolism and xanthine oxidase to decrease or inhibit production of uric acid. The Company has three product development programs: XRx-008, which is a program for the treatment of ADPKD; XRx-101, which is a program to treat acute kidney injury (AKI) associated with respiratory virus infection, AKI and associated health consequences, and XRx- 225, a program for the treatment of T2DN. The Company's XRx-008 program is designed for longer term stable chronic oral dosing of xanthine oxidase inhibitors.


TSXV:XRTX - Post by User

Bullboard Posts
Post by cybermanon Sep 15, 2020 10:04am
147 Views
Post# 31559335

news highlights released today...

news highlights released today...https://stockhouse.com/news/press-releases/2020/09/15/xortx-highlights-new-studies-of-acute-kidney-disease-due-to-covid-19-infection

all positive it seems, ready to rock, good luck.

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Dr. Allen Davidoff, CEO of XORTX stated, “For the 1 in 5 individuals who are hospitalized due to COVID-19 infection, the pattern of AKI is concerning. This includes a substantial number of patients who have long-term kidney injury and those who will remain on dialysis for the remainder of their lives. We strongly believe that xanthine oxidase inhibition with our XRx-101 program can attenuate the progression and severity of injury for many hospitalized COVID-19 patients.”

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In other news, the Company announces that it has retained Lakeshore Securities Inc. (“Lakeshore Securities”) to provide market making services to the Company in compliance with the policies and guidelines of the CSE and other applicable legislation. Lakeshore Securities will trade shares of XORTX on the CSE with the objective of maintaining a reasonable market and improving the liquidity of XORTX common shares. There are no performance factors contained in the agreement and Lakeshore Securities will not receive shares or options as compensation. Lakeshore Securities and the Company are unrelated and unaffiliated entities, but Lakeshore Securities and/or its clients may have an interest, directly or indirectly, in the securities of the Company.
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