08:17 AM EDT, 08/22/2025 (MT Newswires) -- Incannex Healthcare ( IXHL ) said Friday that its board has approved a $20 million share repurchase program.

The company said it may buy back shares through various methods, including open market purchases and private deals.

The timing and size of the repurchases will depend on market conditions, available funds, and other factors, it added.

Shares of the company were up more than 36% in recent premarket activity Friday.