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Baudax Bio Inc (BXRX)

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Last Post: 9/2/2020 2:26:21 PM - Followers: 11 - Board type: Free - Posts Today: 0



Baudax Bio, Inc., a pharmaceutical company, develops and commercializes products for hospital and other acute care settings. Its lead product candidate (in fact just  approved by FDA on the 07th of April) is intravenous form of meloxicam, a non-opioid that has completed Phase III clinical trials for the management of moderate to severe pain; and is in the Phase IIIb clinical trials in colorectal surgery and orthopedic surgery patients to assess opioid consumption, pain intensity, and length of hospital stay with associated pharmacoeconomic parameters. The company's early-stage product candidates includes RP1000, an intermediate-acting neuromuscular blocking agent (NMBA) that is in phase I clinical trial; and RP2000, an ultrashort-acting NMBA, which is in pre-clinical trial; and a reversal agent, as well as Dex-IN, a proprietary intranasal formulation of dexmedetomidine. The company was incorporated in 2019 and is based in Malvern, Pennsylvania.
 
<https://finviz.com/quote.ashx?t=BXRX&ty=c&p=d&b=1>
 
 
 
 
Received in February 2020 an NDA for their drug - ANJESO :
 
Présentation:
 
https://sec.report/Document/0001193125-20-043714/
 
ANJESO Is The Only Approved 24-Hour, Intravenous COX-2 Preferential NSAID that Offers Once-Daily Dosing
Full Commercial Launch Expected to Commence by June 2020
MALVERN, Pa., April 07, 2020 (GLOBE NEWSWIRE) -- Baudax Bio, Inc. (BXRX), a pharmaceutical company focused on therapeutics for acute care settings, today announced that ANJESO™ (meloxicam) injection, the only 24-hour, intravenous (IV) COX-2 preferential non-steroidal anti-inflammatory drug (NSAID), is now available for ordering and delivery to customers.  ANJESO was approved by the U.S. Food and Drug Administration (FDA) on February 20, 2020 and is indicated for the management of moderate to severe pain, alone or in combination with other non-NSAID analgesics. 
 
 <https://finance.yahoo.com/news/baudax-bio-announces-u-availability-120010729.html>
 
We are diligently working to hire and train our field sales force and expect to execute the full ANJESO commercial launch by later in the 2nd quarter.”
 
 <https://finance.yahoo.com/news/baudax-bio-announces-u-availability-120010729.html>
 
Article on Anjeso:
 
https://www.biospace.com/article/baudax-bio-wins-fda-approval-for-anjeso-a-non-opioid-pain-treatment/
 
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Raising capital for commercialization phase:
 
Cash (before warrants potential conversion at  $3.25 and $4.59) :
Raised $25M on March 24th 2020
Had $17M in cash as of Dec 31st 2019

Baudax Bio, Inc. (NASDAQ: BXRX), a pharmaceutical company focused on therapeutics for acute care settings, today announced that, as part of its overall capital financing strategy to fund the Company and the upcoming commercial launch of ANJESO, it has signed a non-binding term sheet with an undisclosed party for a secured term loan for up to $20 million in non-dilutive funding over the next 12 to 18 months.

Baudax expects to close this debt financing transaction in the next 4 to 8 weeks.
 
 <https://sec.report/Document/0001193125-20-061374/>


Shares outstanding:
 
March 26, 2020 17.57M
 
 
 <https://ycharts.com/companies/BXRX/shares_outstanding
 
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Reports:
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https://sec.report/Ticker/BXRX


Insider buying:

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CHURCHILL WINSTON J Director Mar 26 Buy 2.28 6,500 14,820 6,500 Mar 30 08:00 PM
CHURCHILL WINSTON J Director Mar 26 Buy 2.44 25,000 61,000 52,782 Mar 30 08:00 PM
Weisman Wayne Director Mar 26 Buy 2.29 10,000 22,900 40,582 Mar 27 03:53 PM
ALTOMARI ALFRED Director Mar 26 Buy 2.34 5,000 11,700 33,382 Mar 27 03:51 PM
 
 
 <https://finviz.com/quote.ashx?t=BXRX&ty=c&p=d&b=1>
 
 
 

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 Analysts:

Janney starts Baudax Bio at buy; fair value estimate $12
https://biotuesdays.com/2019/11/22/janney-starts-baudax-bio-at-buy-fair-value-estimate-12/
 
Baudax’s key product is Anjeso, a long-acting intravenous formulation of meloxicam, an established non-opioid pain reliever, available through an oral formulation. “We see a high probability of FDA approval in the first quarter of 2020, which would be a meaningful catalyst to drive the stock towards our fair value,” writes analyst Ester Hong.
She estimates peak U.S. sales of $355-million for Anjeso but sees “upside from increased demand for a potent non-opioid that allows patients to recover and go home faster.”
 
 
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BXRX News: Baudax Bio to Present at Oppenheimer Fall Healthcare Life Sciences & Medtech Summit 09/18/2020 07:35:10 AM
BXRX News: Baudax Bio Awarded Group Purchasing Agreement with Premier Inc. for ANJESO® 08/25/2020 04:05:10 PM
BXRX News: Current Report Filing (8-k) 08/21/2020 04:42:37 PM
BXRX News: Statement of Changes in Beneficial Ownership (4) 08/21/2020 04:26:02 PM
BXRX News: Statement of Changes in Beneficial Ownership (4) 08/21/2020 04:21:42 PM
PostSubject
#109   A big run on no news interloper 09/02/20 02:26:21 PM
#108   BXRX 3.62 something to those signals. swampboots 09/02/20 11:39:09 AM
#107   BXRX 3.36 nice "tell". swampboots 09/02/20 09:55:45 AM
#106   BXRX 3 up from 2.71 low of day. swampboots 09/01/20 06:22:54 PM
#105   I'm a buyer under $4 trickledownfacists 06/30/20 10:17:08 AM
#104   Annnnnnd back down AH to 4.36 interloper 06/29/20 08:28:23 PM
#103   Up .40 AH interloper 06/29/20 06:50:32 PM
#102   Solid move trickledownfacists 06/27/20 05:14:20 PM
#101   $5 on Monday sushifishman 06/27/20 04:22:44 PM
#100   @Tickle Give it a look. sushifishman 06/25/20 08:30:41 AM
#99   You've peaked my interest... Cheers trickledownfacists 06/24/20 11:26:26 PM
#98   YESSS ! Make em cover a lot higher. Bill_ENG 06/24/20 10:39:20 PM
#97   KILL THE BXRX SHORTS! sushifishman 06/24/20 04:01:43 PM
#96   Great BXRX going to pile on some debt interloper 06/02/20 11:22:15 AM
#95   BXRX Steady March Up. Doubled my position at interloper 05/26/20 11:59:08 AM
#94   * * $BXRX Video Chart 05-15-2020 * * ClayTrader 05/15/20 03:59:28 PM
#93   BXRX up 35% today ! Sweet! interloper 05/15/20 02:28:25 PM
#92   Love it. pottsvision 04/30/20 01:44:59 PM
#91   Article Describing their sales preparations, 3 weeks old SuperDrive 04/30/20 09:01:07 AM
#90   Holding from 2.70 interloper 04/29/20 10:49:59 PM
#89   Baudax Bio, Inc. (BXRX) SuperDrive 04/29/20 12:28:44 PM
#88   Some nice power point slides there. I always Limey42 04/23/20 01:27:29 PM
#87   Some interesting info on Baudax Bio site published SuperDrive 04/23/20 12:00:13 PM
#86   Great data published today. Must-read. Could be a SuperDrive 04/23/20 08:01:04 AM
#85   In cases like these, being early is much SuperDrive 04/23/20 06:43:34 AM
#84   this is a winner while everyone seems only broker283 04/22/20 07:28:29 PM
#83   For comparison: $PCRX who's bread-winner is EXPAREL, a SuperDrive 04/22/20 03:06:28 PM
#82   "Risk Assessment SuperDrive 04/21/20 10:39:11 AM
#81   https://www.google.com/amp/s/seekingalpha.com/amp/instablog/213542-michigan-valu SuperDrive 04/20/20 04:35:13 PM
#80   This is a multi-bagger at these levels. They SuperDrive 04/20/20 01:05:53 PM
#79   * * $BXRX Video Chart 03-24-2020 * * ClayTrader 03/24/20 05:31:37 PM
#78   pretty quiet here for such a promising product mitcheroo 03/15/20 09:14:10 AM
#77   Good luck if you're still in. Pedro2004 02/26/20 07:47:01 AM
#76   This company is now on my "pump-n-dump" list. Pedro2004 02/26/20 07:46:43 AM
#75   The company diluted this back to $8 dollars. Pedro2004 02/26/20 07:45:15 AM
#74   yep…$$$ long long zendeli1 02/24/20 11:05:34 AM
#73   Shorts closed out - longs taking over? luckydude777 02/24/20 10:12:29 AM
#72   * * $BXRX Video Chart 02-21-2020 * * ClayTrader 02/21/20 06:09:05 PM
#71   Great buying opp at this extreme low price BioSpecialist 02/21/20 03:28:03 PM
#70   Shorts have their quota for the day. luckydude777 02/21/20 03:25:36 PM
#69   You're right Marvy 02/21/20 11:31:26 AM
#68   Looks like this CC happened on Feb 20. JoeWo 02/21/20 11:29:56 AM
#67   Thank you :) JoeWo 02/21/20 11:25:43 AM
#66   Today at 430est. See crudeoil's post. .or company Marvy 02/21/20 11:18:11 AM
#65   Is there a conference call? If so, JoeWo 02/21/20 11:15:56 AM
#64   Looks like people are waiting out the CC Marvy 02/21/20 10:39:14 AM
#63   Reloded !! Lets go stock1ace1 02/21/20 10:28:05 AM
#62   Next is CTDH with imminent resoults of their BioSpecialist 02/21/20 10:24:13 AM
#61   Wow. I didn't expect the company to hit Pedro2004 02/21/20 09:16:37 AM
#60   Congrats $$$ enjoy your day crude find anything stock1ace1 02/21/20 07:55:40 AM
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