Phio Pharmaceuticals Corp (PHIO): Dr. Phillip Frost had even invested in a...

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Thursday, 08/14/2014 3:57:11 AM

Thursday, August 14, 2014 3:57:11 AM

Dr. Phillip Frost had even invested in a biotechnology company known as Rxi Pharmaceuticals (RXII) when it was trading back on the OTC. Rxi Pharmaceuticals now trades on the NASDAQ and is expected to release phase 2 results of a trial in a few weeks, using RXI-109 to target hypertrophic scars -- raised scars that are difficult to treat and grow back instantly. Dr. Frost had made a private placement deal buying $16.4 million dollars worth of shares during the deal with Rxi's CEO Dr. Geert Cauwenbergh back in 2013. We believe that Opko will continue to rise as investors realize the true value of the company.

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