
XORTX Highlights New Gout Genetics Research, Reshapes Board and Clarifies Financing as Vectus Deal Nears Closing

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XORTX Therapeutics Inc. announced significant developments, including new research linking over 400 genetic factors to gout and related conditions, reinforcing its strategy to inhibit xanthine oxidase. The company reshaped its board, appointing Krysta Davies Foss and reducing members to five. It clarified details of a US$1.1 million offering and updated on its acquisition of Vectus Biosystems, pending regulatory approval. Analysts rate TSE:XRTX stock as a Hold with a C$0.81 target, citing weak financials and dilution risks, despite recent positive corporate actions.
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