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IntelGenx Foresees Revenue Growth with RIZAFILM Launch

IntelGenx Foresees Revenue Growth with RIZAFILM Launch

IntelGenx Technologies (IGXT) has released an update.

IntelGenx Technologies Corp. has reported an increase in revenue to $1.04 million for 2023, up from $950,000 the previous year, alongside a reduction in net comprehensive loss from $11.6 million to $10.1 million. The company anticipates a significant revenue boost in 2024 with the Q2 launch of its RIZAFILM product in the United States by Gensco Pharma. Additionally, the company has secured funding through private placements and a Regulation A offering, while also progressing in pharmaceutical and veterinary product development.

For further insights into IGXT stock, check out TipRanks’ Stock Analysis page.

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