XORTX Announces Change of Auditor
January 17 2025 - 4:00PM
XORTX Therapeutics Inc. ("
XORTX" or the
“
Company”) (NASDAQ: XRTX | TSXV: XRTX | Frankfurt:
ANU), a late stage clinical pharmaceutical company focused on
developing innovative therapies to treat progressive kidney disease
and gout, announces the Company has changed its auditor from Smythe
LLP, Chartered Professional Accountants (“Former Auditor”) to
Davidson & Company LLP, Chartered Professional Accountants,
(“Successor Auditor”) effective January 16, 2025.
XORTX’s board of directors accepted the
resignation of the Former Auditor, as of January 16, 2025 and
appointed the Successor Auditor as the new auditor of the Company
effective January 16, 2025, and to hold office until the close of
the Company's next annual general meeting of shareholders.
There were no reservations in the Former
Auditor's audit reports for any financial period during which the
Former Auditor was the Company's auditor. There are no "reportable
events" (as the term is defined in National Instrument 51-102 -
Continuous Disclosure Obligations) between the Company and the
Former Auditor.
In accordance with National Instrument 51-102,
the Notice of Change of Auditor, together with the required letters
from the Former Auditor and the Successor Auditor, have been
reviewed by the Company's audit committee and board of directors
and have been filed on the Company’s SEDAR+ profile at
www.sedarplus.ca.
About XORTX Therapeutics
Inc.
XORTX is a
pharmaceutical company with three clinically advanced products in
development: 1) our lead, XRx-008 program for ADPKD; 2) our XRx-026
program for the treatment of allopurinol intolerant gout; and 3)
our secondary program in XRx-101 for acute kidney and other acute
organ injury associated with Coronavirus / COVID-19 infection. In
addition, XRx-225 is a pre-clinical stage program for Type 2
Diabetic Nephropathy. XORTX is working to advance its clinical
development stage products that target aberrant purine metabolism
and xanthine oxidase to decrease or inhibit production of uric
acid. At XORTX, we are dedicated to developing medications to
improve the quality of life and health of kidney disease patients
and individuals with gout. Additional information on XORTX is
available at www.xortx.com.
For more information, please contact: |
|
|
Allen Davidoff, CEO |
Nick Rigopulos, Director of Communications |
adavidoff@xortx.com or +1 403 455 7727 |
nick@alpineequityadv.com or +1 617 901 0785 |
|
|
Neither the TSX
Venture Exchange nor Nasdaq has approved or disapproved the
contents of this news release. No stock exchange, securities
commission or other regulatory authority has approved or
disapproved the information contained herein.
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