BUZZ-Incannex Healthcare jumps on $20 million share repurchase program
Reuters
Aug 22
BUZZ-<a href="https://laohu8.com/S/IHLXF">Incannex Healthcare</a> jumps on $20 million share repurchase program
** Shares of drug developer Incannex HealthcareIXHL.O rise 36.9% to 61 cents premarket
** Company says its board has authorized a share repurchase program for up to $20 million
** "We believe the current market valuation does not accurately reflect the significant progress we have made across our clinical programs. This initiative allows us to act decisively, strengthen our capital management strategy and potentially enhance long-term value creation for shareholders," says CEO Joel Latham
** Up to last close, shares down 78.4% YTD
(Reporting by Siddhi Mahatole)
((siddhi.mahatole@thomsonreuters.com))
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