IFRX is a recent IPO that has showed significant institutional support. Lead program is enrolling Ph2B to study first-in-class anti-human complement factor antibody in patients with Hidranitis Suppurativa (HS). The data for this study will be available H-1/2019. Presently, 50% of HS patients do not respond to the only approved treatment. 5/3/18, IFRX raised $51mn in a secondary stock offering. CCXI is in Ph3 with a treatment targeting the same receptor. Interestingly, CCXI MC is only 66% of IFRX MC.