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InflaRx (IFRX) reports promising Phase 2a trial results for INF904 in treating Hidradenitis Suppurativa and Chronic Spontaneous Urticaria. Despite encouraging clinical developments, the company faces significant financial challenges, including negative margins and a distressed Altman Z-Score. InflaRx's valuation metrics highlight its current market challenges, with a high P/S ratio and cautious analyst sentiment.

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