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**APIRx-1602** is a proprietary topical pharmaceutical formulation developed by APIRx Pharmaceuticals (acquired by Incannex Healthcare) for the treatment of **psoriasis**, targeting the $0.5 billion global market. It has completed a **Phase 2A clinical trial**, with pre-IND activities underway, leveraging APIRx's patented cannabinoid-based delivery technologies for skin conditions. Specific details on active ingredients, mechanism of action, or trial results are not publicly detailed in available sources, positioning it as a preclinical-to-early clinical asset in Incannex's dermatology portfolio alongside candidates for vitiligo and atopic dermatitis.[3][5][6][7][9][12][15]
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