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Xortx Therapeutics

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uuid0003ayy

Namestring
Xortx Therapeutics
Legal namestring
XORTX Therapeutics Inc.
Websiteurl
xortx.com
Company typeenum
Public
Founded yearint
2012
Descriptiontext

XORTX Therapeutics Inc. is a late-stage clinical pharmaceutical company founded in 2012 and headquartered in Calgary, Canada, listed on NASDAQ under ticker XRTX (having voluntarily delisted from the TSX Venture Exchange in June 2026). The company is pre-revenue with a headcount of 1-10 employees and an accumulated deficit of approximately $23.8M as of December 31, 2025. XORTX's business is the development of proprietary small-molecule therapies based on xanthine oxidase inhibition, anchored by its XORLOTM oxypurinol formulation technology licensed from the University of Florida Research Foundation.

The pipeline is diversified across four renal and metabolic indications: XRx-026 (pre-NDA in gout for allopurinol-intolerant patients), XRx-008 (ADPKD, FDA Orphan Drug Designation), XRx-101 (COVID-19-associated kidney injury), XRx-225 (Type 2 diabetic nephropathy, pre-clinical), and the recently acquired VB4-P5 anti-fibrotic program (pre-IND). XRx-026 is advancing via the 505(b)(2) NDA pathway following a Type B meeting with the FDA in June 2026, making it the lead asset closest to potential commercialization.

The business model is a classic clinical-stage biotech: XORTX funds operations through repeated small public equity offerings — approximately $18.6M raised cumulatively since 2021, including a $5M public offering in May 2026 — with annual net losses of roughly $2.5M-$3.3M and no current licensing or product revenue. Future monetization is expected through direct commercialization or out-licensing of approved therapies to specialty or rare-disease partners, targeting addressable populations in gout (~3-5% of allopurinol-intolerant patients), ADPKD, and broader chronic kidney disease with fibrosis.

Short descriptiontext

XORTX Therapeutics is a late-stage clinical pharmaceutical company developing proprietary oxypurinol-based therapies (XORLOTM) for gout patients intolerant to allopurinol and for progressive kidney diseases including ADPKD, diabetic nephropathy, and COVID-19-related kidney injury.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersCalgary, Canada
HQ citystring
Calgary
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
clinical pharmaceutical development, xanthine oxidase inhibition, uric acid lowering therapy, kidney disease therapeutics, gout treatment drugs
Industry2 codes
1Nephrology & Urology Specialty Pharmaceuticals
CodeHLAIACAHPrimaryYes
2Nephrology & Urology Pharmaceuticals
CodeHLAIAAAMPrimaryNo
NAICS code2 codes
  • Medical and Diagnostic Laboratories6215
  • Kidney Dialysis Centers621492
SIC code2 codes
  • Pharmaceutical Preparations2834
  • Services-Medical Laboratories8071
Product category
Specialty Pharmaceuticals (Nephrology and Gout)
Social media profiles1 record
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Pharmaceutical Product Sales
TypeOne Time License
Description

Pre-revenue company. Will generate revenue through commercialization of prescription pharmaceutical products targeting gout and kidney diseases upon FDA approval. The lead product XRx-026 targets a US$700 million per year market opportunity.

xortx.com
2Licensing Royalties
TypeLicensing Royalties
Description

Company has licensing agreement with University of Florida Research Foundation Inc. for intellectual property related to xanthine oxidase inhibition technology.

xortx.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Technology or R&D, Personnel, Marketing or Sales, Operations
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

XORTX Therapeutics is a late-stage clinical pharmaceutical company developing proprietary oxypurinol-based (XORLOTM) uric acid-lowering therapies for gout and progressive kidney disease. The lead program XRx-026 is at pre-NDA filing for gout patients intolerant to allopurinol (3-5% of patients), with additional programs targeting ADPKD (XRx-008, Orphan Drug Designation), acute kidney injury from respiratory viruses (XRx-101), and Type 2 Diabetic Nephropathy (XRx-225). The company acquired the VB4-P5 kidney anti-fibrotic program from Vectus Biosystems in April 2026.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • US$700 million per year target market opportunity for XRx-026 in gout patients intolerant to allopurinol
+2 more records
Product overview1 text field

XORTX Therapeutics is a late-stage clinical pharmaceutical company developing a pipeline of uric acid-lowering agents targeting aberrant purine metabolism. The company has four core programs: XRx-026 (pre-NDA stage for gout), XRx-008 (Phase 3 planned for ADPKD, Orphan Drug Designation), XRx-101 (Phase 3 planned for acute kidney injury from respiratory viruses), and XRx-225 (pre-clinical for Type 2 Diabetic Nephropathy). The company also acquired VB4-P5 (pre-IND kidney anti-fibrotic). All programs utilize the proprietary oxypurinol formulation XORLOTM to inhibit xanthine oxidase and reduce uric acid production. One program is at pre-NDA filing stage, two are in clinical development, and one is at early pre-clinical stage.

Product and service1 record
1XRx-026
Scale indicator11 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-10-17
Description

Xortx acquired the Renal Anti-Fibrotic Therapeutic Program including novel chemical entity VB4-P5, associated intellectual property, regulatory documentation, and manufacturing data. Deal valued at US$3.0 million paid through 154,544 common shares and 692,150 pre-funded warrants. The program targets both rare and prevalent forms of chronic kidney disease characterized by fibrosis.

Strategic tierCoreTypeTechnology or IntegrationAnnounced on2012-10-09
Description

Licensing agreement for intellectual property related to xanthine oxidase inhibition technology and related compounds. The technology was developed by Dr. Richard Johnson and Dr. Takahiko Nakagawa. License agreement covers technology for treating conditions modulated by aberrant purine metabolism.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers8 records
TypeDirect peer
Description

Clinical-stage cell therapy company (rilparencel) targeting chronic kidney disease and diabetic kidney disease. Comparable as a small-cap, late-clinical nephrology-focused biotech pursuing CKD indications.

TypeBroad incumbent
Description

Large Japanese pharma with Jynarque (tolvaptan) — the only FDA-approved therapy to slow ADPKD progression. Directly competes with XORTX's XRx-008 in the ADPKD indication, though Otsuka operates across many other therapeutic areas.

TypeDirect peer
Description

Was a clinical-stage immunology company developing SEL-212 (pegadricase + rapamycin) for refractory gout. Comparable as a small clinical-stage biotech directly addressing the same allopurinol/febuxostat-intolerant gout segment that XRx-026 targets.

TypeEmerging player
Description

European clinical-stage biotech that pivoted toward CAR-T and renal disease programs after restructuring. Comparable as a smaller biotech strategically reorienting toward nephrology indications similar to XORTX's pipeline.

TypeDirect peer
Description

Small clinical-stage rare disease company with approved kidney drug Filspari (sparsentan) for IgA nephropathy and FSGS. Highly comparable given similar size, kidney-disease focus, and specialty pharma commercial model.

TypeEmerging player
Description

Specialty rare-disease biotech with presence in gout and inflammatory diseases (Kineret, caspofungin). Comparable as a specialty pharma pursuing orphan and rheumatology indications overlapping with XORTX's nephrology/gout focus.

TypeDirect peer
Description

Clinical-stage nephrology company developing treatments for ADPKD and IgA nephropathy (atrasentan, zigakibart) prior to its 2023 acquisition by Novartis. Directly comparable to XORTX's ADPKD program XRx-008 in target indication and stage.

TypeBroad incumbent
Description

Amgen acquired Horizon Therapeutics in 2023, gaining Krystexxa (pegloticase) for refractory/chronic gout. Directly relevant to XORTX's XRx-026 target patient population (treatment-refractory gout), though Amgen is a broad large-cap incumbent.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles9 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds9 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Xortx Therapeutics

Specialty Pharmaceuticals (Nephrology and Gout)xortx.com

XORTX Therapeutics is a late-stage clinical pharmaceutical company developing proprietary oxypurinol-based therapies (XORLOTM) for gout patients intolerant to allopurinol and for progressive kidney diseases including ADPKD, diabetic nephropathy, and COVID-19-related kidney injury.

What Xortx Therapeutics does

XORTX Therapeutics Inc. is a late-stage clinical pharmaceutical company founded in 2012 and headquartered in Calgary, Canada, listed on NASDAQ under ticker XRTX (having voluntarily delisted from the TSX Venture Exchange in June 2026). The company is pre-revenue with a headcount of 1-10 employees and an accumulated deficit of approximately $23.8M as of December 31, 2025. XORTX's business is the development of proprietary small-molecule therapies based on xanthine oxidase inhibition, anchored by its XORLOTM oxypurinol formulation technology licensed from the University of Florida Research Foundation.

The pipeline is diversified across four renal and metabolic indications: XRx-026 (pre-NDA in gout for allopurinol-intolerant patients), XRx-008 (ADPKD, FDA Orphan Drug Designation), XRx-101 (COVID-19-associated kidney injury), XRx-225 (Type 2 diabetic nephropathy, pre-clinical), and the recently acquired VB4-P5 anti-fibrotic program (pre-IND). XRx-026 is advancing via the 505(b)(2) NDA pathway following a Type B meeting with the FDA in June 2026, making it the lead asset closest to potential commercialization.

The business model is a classic clinical-stage biotech: XORTX funds operations through repeated small public equity offerings — approximately $18.6M raised cumulatively since 2021, including a $5M public offering in May 2026 — with annual net losses of roughly $2.5M-$3.3M and no current licensing or product revenue. Future monetization is expected through direct commercialization or out-licensing of approved therapies to specialty or rare-disease partners, targeting addressable populations in gout (~3-5% of allopurinol-intolerant patients), ADPKD, and broader chronic kidney disease with fibrosis.

Xortx Therapeutics firmographics

Firmographics
Name
Xortx Therapeutics
Legal name
XORTX Therapeutics Inc.
Website
https://xortx.com
Company type
Public
Founded year
2012
Operating status
Operating
Headcount range
1–10 employees
Short description
XORTX Therapeutics is a late-stage clinical pharmaceutical company developing proprietary oxypurinol-based therapies (XORLOTM) for gout patients intolerant to allopurinol and for progressive kidney diseases including ADPKD, diabetic nephropathy, and COVID-19-related kidney injury.
Ownership category
akta.pro rank

Xortx Therapeutics industry classification

Industry
Product category
Specialty Pharmaceuticals (Nephrology and Gout)
NAICS
Medical and Diagnostic Laboratories (6215), Kidney Dialysis Centers (621492)
SIC
Pharmaceutical Preparations (2834), Services-Medical Laboratories (8071)
akta.pro primary industry
Nephrology & Urology Specialty Pharmaceuticals (HLAIACAH)
akta.pro secondary industry
Nephrology & Urology Pharmaceuticals (HLAIAAAM)

Keywords

  • Clinical pharmaceutical development
  • Xanthine oxidase inhibition
  • Uric acid lowering therapy
  • Kidney disease therapeutics
  • Gout treatment drugs

Where Xortx Therapeutics is headquartered

Location

Headquarters

HQ city
Calgary
HQ country
Canada
HQ region
North America

Offices1 record

Markets served

Xortx Therapeutics business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

  1. Pharmaceutical Product Sales: Pre-revenue company. Will generate revenue through commercialization of prescription pharmaceutical products targeting gout and kidney diseases upon FDA approval. The lead product XRx-026 targets a US$700 million per year market opportunity.
  2. Licensing Royalties: Company has licensing agreement with University of Florida Research Foundation Inc. for intellectual property related to xanthine oxidase inhibition technology.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Xortx Therapeutics product offering

Product offering

Core offering

XORTX Therapeutics is a late-stage clinical pharmaceutical company developing proprietary oxypurinol-based (XORLOTM) uric acid-lowering therapies for gout and progressive kidney disease. The lead program XRx-026 is at pre-NDA filing for gout patients intolerant to allopurinol (3-5% of patients), with additional programs targeting ADPKD (XRx-008, Orphan Drug Designation), acute kidney injury from respiratory viruses (XRx-101), and Type 2 Diabetic Nephropathy (XRx-225). The company acquired the VB4-P5 kidney anti-fibrotic program from Vectus Biosystems in April 2026.

Product overview

XORTX Therapeutics is a late-stage clinical pharmaceutical company developing a pipeline of uric acid-lowering agents targeting aberrant purine metabolism. The company has four core programs: XRx-026 (pre-NDA stage for gout), XRx-008 (Phase 3 planned for ADPKD, Orphan Drug Designation), XRx-101 (Phase 3 planned for acute kidney injury from respiratory viruses), and XRx-225 (pre-clinical for Type 2 Diabetic Nephropathy). The company also acquired VB4-P5 (pre-IND kidney anti-fibrotic). All programs utilize the proprietary oxypurinol formulation XORLOTM to inhibit xanthine oxidase and reduce uric acid production. One program is at pre-NDA filing stage, two are in clinical development, and one is at early pre-clinical stage.

Differentiator

Problem solved

Functional benefit

Products and services

  • XRx-026

Quantifiable outcome

  • US$700 million per year target market opportunity for XRx-026 in gout patients intolerant to allopurinol
  • +2 more outcomes

Companies that use Xortx Therapeutics

Customer profile

Segments5 records

Ideal customer profiles2 records

Xortx Therapeutics technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Xortx Therapeutics partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

  • Vectus Biosystems LimitedcoreStrategic or Co-development Partner · 17 October 2025Xortx acquired the Renal Anti-Fibrotic Therapeutic Program including novel chemical entity VB4-P5, associated intellectual property, regulatory documentation, and manufacturing data. Deal valued at US$3.0 million paid through 154,544 common shares and 692,150 pre-funded warrants. The program targets both rare and prevalent forms of chronic kidney disease characterized by fibrosis.
  • University of Florida Research Foundation Inc. (UFRF)coreTechnology or Integration · 9 October 2012Licensing agreement for intellectual property related to xanthine oxidase inhibition technology and related compounds. The technology was developed by Dr. Richard Johnson and Dr. Takahiko Nakagawa. License agreement covers technology for treating conditions modulated by aberrant purine metabolism.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Xortx Therapeutics competitors and assessment

Company assessment

Direct peers

  • ProKidney: Clinical-stage cell therapy company (rilparencel) targeting chronic kidney disease and diabetic kidney disease. Comparable as a small-cap, late-clinical nephrology-focused biotech pursuing CKD indications.
  • Selecta Biosciences (now Cartesian Therapeutics): Was a clinical-stage immunology company developing SEL-212 (pegadricase + rapamycin) for refractory gout. Comparable as a small clinical-stage biotech directly addressing the same allopurinol/febuxostat-intolerant gout segment that XRx-026 targets.
  • Travere Therapeutics: Small clinical-stage rare disease company with approved kidney drug Filspari (sparsentan) for IgA nephropathy and FSGS. Highly comparable given similar size, kidney-disease focus, and specialty pharma commercial model.
  • Chinook Therapeutics (acquired by Novartis): Clinical-stage nephrology company developing treatments for ADPKD and IgA nephropathy (atrasentan, zigakibart) prior to its 2023 acquisition by Novartis. Directly comparable to XORTX's ADPKD program XRx-008 in target indication and stage.

Broad incumbents

  • Otsuka Pharmaceutical: Large Japanese pharma with Jynarque (tolvaptan) — the only FDA-approved therapy to slow ADPKD progression. Directly competes with XORTX's XRx-008 in the ADPKD indication, though Otsuka operates across many other therapeutic areas.
  • Amgen (Horizon Therapeutics): Amgen acquired Horizon Therapeutics in 2023, gaining Krystexxa (pegloticase) for refractory/chronic gout. Directly relevant to XORTX's XRx-026 target patient population (treatment-refractory gout), though Amgen is a broad large-cap incumbent.

Emerging players

  • Galapagos NV: European clinical-stage biotech that pivoted toward CAR-T and renal disease programs after restructuring. Comparable as a smaller biotech strategically reorienting toward nephrology indications similar to XORTX's pipeline.
  • Swedish Orphan Biovitrum (Sobi): Specialty rare-disease biotech with presence in gout and inflammatory diseases (Kineret, caspofungin). Comparable as a specialty pharma pursuing orphan and rheumatology indications overlapping with XORTX's nephrology/gout focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Xortx Therapeutics social profiles

Digital presence

Xortx Therapeutics financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Xortx Therapeutics leadership team

Management profile

Number of profiles

Profiles9 records

Xortx Therapeutics funding detail

Funding detail

Funding overview

Funding rounds9 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Xortx Therapeutics M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xortx Therapeutics

What does Xortx Therapeutics do?

XORTX Therapeutics is a late-stage clinical pharmaceutical company developing proprietary oxypurinol-based (XORLOTM) uric acid-lowering therapies for gout and progressive kidney disease. The lead program XRx-026 is at pre-NDA filing for gout patients intolerant to allopurinol (3-5% of patients), with additional programs targeting ADPKD (XRx-008, Orphan Drug Designation), acute kidney injury from respiratory viruses (XRx-101), and Type 2 Diabetic Nephropathy (XRx-225). The company acquired the VB4-P5 kidney anti-fibrotic program from Vectus Biosystems in April 2026.

Is Xortx Therapeutics a public or private company?

Xortx Therapeutics is a public company. It is classified as public and is currently operating.

When was Xortx Therapeutics founded?

Xortx Therapeutics was founded in 2012. It employs 1 to 10 people.

Where is Xortx Therapeutics based?

Xortx Therapeutics is headquartered in Calgary, Canada, in the North America region.

How does Xortx Therapeutics make money?

Two revenue lines are on record. Pharmaceutical Product Sales are the primary driver. The others are licensing Royalties.

Who are Xortx Therapeutics's main competitors?

Direct peers on record are ProKidney, Selecta Biosciences (now Cartesian Therapeutics), Travere Therapeutics and Chinook Therapeutics (acquired by Novartis). Broad incumbents are Otsuka Pharmaceutical and Amgen (Horizon Therapeutics). Emerging players are Galapagos NV and Swedish Orphan Biovitrum (Sobi).

Does Xortx Therapeutics have an API?

No public API is recorded for Xortx Therapeutics.

What industry is Xortx Therapeutics in?

Xortx Therapeutics's product category is Specialty Pharmaceuticals (Nephrology and Gout). Its primary akta.pro industry code is HLAIACAH, Nephrology & Urology Specialty Pharmaceuticals, with a secondary code of HLAIAAAM, Nephrology & Urology Pharmaceuticals. Its NAICS code is 6215 and its SIC code is 2834.

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Live signals
FinancialContent Business PageGout Treatments Need A Better Option: XORTX Therapeutics Is Betting XORLO Is It, Targets New Drug Application With FDA Next YearXORTX Therapeutics is advancing XORLO, a liposomal oxypurinol formulation for gout, with tablet manufacturing underway. The company plans an FDA IND submission in Q4 2026 and an NDA about one year later, targeting a $700 million annual market opportunity.BioSpaceXORTX Announces Planned FDA IND Submission for XRx-026 Gout Program Using XORLO™, Targeting USD$700M+ U.S. Gout Market OpportunityXORTX plans to submit an Investigational New Drug application to the FDA for its XRx-026 gout program in the fourth quarter of 2026. The company estimates the program addresses a US$700 million annual U.S. market opportunity. It expects to file a New Drug Application approximately one year after the planned two-part clinical trial.BioSpaceXORTX Announces Initiation of Clinical and Commercial Manufacturing of XORLO™XORTX Therapeutics announced the initiation of GMP drug substance and commercial-scale tablet manufacturing for XORLO, its oxypurinol formulation for gout. The production supports the XRX-OXY-102 clinical study and future FDA marketing approval, with validation data expected to support an NDA filing.Financial PostXORTX Re-Engages Investor Relations ProgramXORTX Therapeutics re-engaged IR Agency LLC after completing its voluntary delisting from the TSX Venture Exchange. The consulting agreement provides investor relations and marketing services on substantially the same terms as previously disclosed. The company's three clinically advanced products include XRx-026 for gout and XRx-008 for ADPKD.YahooXORTX Re-Engages Investor Relations ProgramXORTX Therapeutics re-engaged IR Agency LLC for investor relations and marketing services after completing its voluntary delisting from the TSX Venture Exchange. The consulting agreement is on substantially the same terms as previously disclosed. The company's three clinically advanced products include XRx-026 for gout, XRx-008 for ADPKD, and XRx-101 for acute kidney injury.Financial PostXORTX Announces Termination and Postponement of Investor Relations ProgramXORTX Therapeutics said on August 28, 2026 that it terminated its investor relations and marketing agreement with IR Agency LLC, effective August 7, 2026, and returned the US$2.5 million fee paid in advance. The company postponed the program while completing its voluntary delisting from the TSX Venture Exchange, expected September 1, 2026, and will re-engage IR Agency LLC afterward.Stock TitanXORTX Announces Termination and Postponement of Investor Relations ProgramXORTX Therapeutics announced on August 28, 2026 that it terminated its investor relations and marketing agreement with IR Agency LLC, effective August 7, 2026, and returned the US $2.5 million fee paid in advance. The company postponed the program while completing its voluntary delisting from the TSX Venture Exchange, expected September 1, 2026, and will re-engage IR Agency LLC afterward.Markets DailyXORTX Therapeutics (NASDAQ:XRTX) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?XORTX Therapeutics shares rose above their 200-day moving average of $2.20 on Thursday, trading as high as $2.64 and closing at $2.44 with 32,581 shares. Citadel Advisors increased its stake by 124.4% to 86,326 shares, holding 1.24% of the company. Weiss Ratings reissued a "sell (e+)" rating on Wednesday.BioSpaceXORTX Announces Termination and Postponement of Investor Relations ProgramXORTX terminated its investor relations and marketing agreement with IR Agency LLC effective August 7, 2026, rescinding the arrangement and returning the US$2.5 million fee paid in advance. The company postponed the program during its voluntary delisting from the TSXV, which is expected to take effect September 1, 2026.Financial PostXORTX Announces Director ResignationXORTX Therapeutics Inc. announced that Anthony Giovinazzo is resigning from the board of directors for personal reasons and to pursue other interests. Dr. Allen Davidoff, co-CEO of XORTX, expressed appreciation for Giovinazzo's leadership and service as chairman of the board during his tenure with the company. The resignation is a routine corporate governance event for the late-stage clinical pharmaceutical company focused on developing therapies to treat gout and progressive kidney disease.