XORTX Awaits ASX Decision on Closing Vectus Renal Program Acquisition

Reuters

Jan 01

XORTX Awaits ASX Decision on Closing Vectus Renal Program Acquisition

XORTX Therapeutics Inc. has provided an update on the timing for closing its planned acquisition of the Renal Anti-Fibrotic Therapeutic Program from Vectus Biosystems Limited, an Australian company listed on the ASX. Vectus is currently awaiting clarification from the ASX regarding whether shareholder approval is required for the sale of the VB4-P5 intellectual property. According to the binding term sheet between XORTX and Vectus, closing is scheduled to occur no later than 90 days after signing, which is January 13, 2026. Both companies remain committed to finalizing the acquisition and will provide additional updates once there is clarity on the ASX approval process.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XORTX Therapeutics Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9618770) on December 31, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Vectus is currently awaiting clarification from the ASX regarding whether shareholder approval is required for the sale of the VB4-P5 intellectual property. According to the binding term sheet between XORTX and Vectus, closing is scheduled to occur no later than 90 days after signing, which is January 13, 2026. Both companies remain committed to finalizing the acquisition and will provide additional updates once there is clarity on the ASX approval process.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XORTX <a href=\"https://laohu8.com/S/LENZ\">Therapeutics</a> Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. 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Vectus is currently awaiting clarification from the ASX regarding whether shareholder approval is required for the sale of the VB4-P5 intellectual property. According to the binding term sheet between XORTX and Vectus, closing is scheduled to occur no later than 90 days after signing, which is January 13, 2026. Both companies remain committed to finalizing the acquisition and will provide additional updates once there is clarity on the ASX approval process.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XORTX <a href=\"https://laohu8.com/S/LENZ\">Therapeutics</a> Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9618770) on December 31, 2025, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7067","symbol_name":"生物科技","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251231:nNDL44qPzP:1","article_id":"2600029347","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2600029347","pubTimestamp":1767222920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"XORTX Therapeutics Inc. has provided an update on the timing for closing its planned acquisition of the Renal Anti-Fibrotic Therapeutic Program from Vectus Biosystems Limited, an Australian company listed on the ASX. Vectus is currently awaiting clarification from the ASX regarding whether shareholder approval is required for the sale of the VB4-P5 intellectual property. According to the binding term sheet between XORTX and Vectus, closing is scheduled to occur no later than 90 days after signing, which is January 13, 2026. Both companies remain committed to finalizing the acquisition and will provide additional updates once there is clarity on the ASX approval process.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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Vectus is currently awaiting clarification from the ASX regarding whether shareholder approval is required for the sale of the VB4-P5 intellectual property. According to the binding term sheet between XORTX and Vectus, closing is scheduled to occur no later than 90 days after signing, which is January 13, 2026. Both companies remain committed to finalizing the acquisition and will provide additional updates once there is clarity on the ASX approval process.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XORTX Therapeutics Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9618770) on December 31, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}