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Re: DanWebzster post# 427

Monday, 11/09/2020 3:57:47 PM

Monday, November 09, 2020 3:57:47 PM

Post# of 438
BXRX is a specialty pharma spun out of REPH during 11/19

Its lead asset is the recently approved Meloxicam for pain control in acute settings.

One of the reasons this stock has been crushed in 2020 is management's decision to implement a cashless warrant conversion. In essence, BXRX issued 9.8M shares w/o getting a dime for them.

On 8/20 BXRX current assets were ~20M

Meloxicam is already in 50 of the 2000 largest hospitals in the U.S.
If it can get into ~250 hospitals, that would be an indication of the potential for 100M revenue.

I would be interested in buying an offering if conducted before the end of 2020. After tax loss season, I would put it on my list of Low-Floaters if it did a reverse split in 2021.

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