Nexalis Therapeutics’ two clinical studies exploring inhaled cannabinoid treatments for breakthrough cancer pain and panic disorder will remain suspended after negotiations over a proposed $53 million replacement funding deal collapsed.
The clinical-stage biotech has been without a financial backer for its IRX-211 and IRX-616a programs since Linlithgow Family Office (LFO) withdrew its $52.3m funding facility in May, putting both studies on hold.
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