Eloxx Pharmaceuticals Reports Second Quarter 2026 Financial Results and Provides Business Update
Eloxx Pharmaceuticals reported second quarter 2026 financial results and a business update, noting completion of an underwritten public offering with gross proceeds of $66.0 million, uplisting to the Nasdaq Capital Market, and European Commission orphan designation for exaluren in ADPKD. The company reported $62.0 million in cash as of June 30, 2026, expected to fund operations through data readouts, with a Phase 2b trial of exaluren in nonsense mutation Alport syndrome expected to begin in Q3 2026.
Why it matters — The strengthened balance sheet and planned trial initiation provide funding visibility through key data readouts for both Alport syndrome and ADPKD, the company's primary programs.