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Rexahn Pharmaceuticals (RNN) Continues to Spike on Potential Cancer Pill, Roth Upgrade

By  +Follow January 13, 2014 10:17AM
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Shares in Rexahn Pharmaceuticals (RNN) jumped nearly 40 percent on Monday, continuing a bull-run that has the stock up over 150 percent since Thursday and over 265 percent in the last month on a promising potential cancer treatment and the initiation of relatively bullish coverage from Roth Capital Markets analysts.

RNN’s RX-3117 Could be Alternative for Eli Lilly’s Gemzar

Driving the current growth-spurt is the announcement of the initation of Phase 1b to study the safety and efficacy of RX-3117, Rexahn’s lead drug candidate, in cancer patients with solid tumors. The hype surrounding RX-3117 is considerable given that it has to potential to function as an oral to Eli Lilly’s (LLY) Gemzar.

"The initiation of this Phase I clinical trial of RX-3117 represents an important milestone for Rexahn," said CEO Peter D. Suzdak, Ph.D. "This compound is exciting to work with, as it has a unique profile with demonstrated activity against gemcitabine-resistant human cancer cells. We were pleased to see reduced side effect liability and oral bioavailability in cancer patients in our initial exploratory Phase I clinical trial conducted in Europe, and we believe that RX-3117 may represent a significant advancement in the treatment of cancer patients with solid tumors."

Gemzar is an injectable drug that results in resistance for 1 out of 4 patients, making an alternative that functions in pill form one with considerable commercial potential.

Analyst Seems Convinced

Also helping boost shares over the past few days was the news from Thursday that Roth Capital Markets’ Joe Pantiginis had initiated coverage on the stock at a “buy” rating with a price target of $3, still nearly double the current share price even after the spike in price.

Along with the considerable potential for RX-3117, the company boasts nearly $15 million in cash as well as over $5 million in new funding, giving it enough money to carry it for two years.

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for rnn
Andrew Borzello
17 Sep 14 17:33:55
If we can see a 0.81 break through then I think the race will be on. $RNN $RNN http://t.co/GAXUM1Py7v
Andrew Borzello
17 Sep 14 12:02:23
RT @AjTrader7: @zebrachann Yes I noticed $RNN this AM but I truly looking for .90-$1.00 on it from my .731 buy alert yesterday. Till then, …
_tr8dr_
17 Sep 14 11:34:07
$RNN faded as usual
AwesomeCalls
17 Sep 14 10:31:24
@zebrachann Yes I noticed $RNN this AM but I truly looking for .90-$1.00 on it from my .731 buy alert yesterday. Till then, Just being quiet
Zebra
17 Sep 14 10:28:50
@AjTrader7 Hi, did you see $RNN?
Andrew Borzello
17 Sep 14 10:18:35
RT @eckhartolle: $RNN nice move!
eckhart tolle
17 Sep 14 09:54:18
$RNN nice move!
Andrew Borzello
17 Sep 14 08:59:55
$RNN Put this on your screen #NOW #MONEY #STOCKPICKS #NASDAQ #NYSE #TRADING #WALLSTREET #MAKEMONEY #GREEN #ERBB #MMJ
Andrew Borzello
17 Sep 14 08:58:56
RT @MONEYEMPIRE: $RNN nice move
Andrew Borzello
17 Sep 14 08:58:55
RT @MONEYEMPIRE: $RNN HOD
Andrew Borzello
17 Sep 14 08:58:53
RT @_tr8dr_: $RNN finally! touch 80cents again, look bullish now, hope this time is for real
Andrew Borzello
17 Sep 14 08:58:37
RT @boatman07: $RNN i meant
Gilly
17 Sep 14 08:57:11
$RNN i meant
MoneyEmpire
17 Sep 14 08:54:20
$RNN will be nice once it pops 85
_tr8dr_
17 Sep 14 08:49:11
$RNN finally! touch 80cents again, look bullish now, hope this time is for real
MoneyEmpire
17 Sep 14 08:46:34
$RNN HOD
MoneyEmpire
17 Sep 14 08:38:41
$RNN nice move
Plushot
17 Sep 14 08:34:36
$ BLDP $RNN
K. Trox
17 Sep 14 08:32:06
Bio watchlist basically on fire $IBIO $ONCS $KIPS $IMUC $DMPI $RNN
Andrew Borzello
17 Sep 14 08:28:24
RT @AXHF7: $RNN Laidlaw initiated coverage. The firm set a “buy” rating and a $3.50 price target on the stock. http://t.co/tMNnDmdVJs
Andrew Borzello
17 Sep 14 08:28:16
RT @adse2201: "@TalkMarkets: Rexahn Pharmaceuticals Looks To Find A New Partner Once Again For RX-3117 Cancer Compound $RNN $TEVA http://t.…
Andrew Borzello
17 Sep 14 08:28:13
RT @TalkMarkets: #Rexahn Pharmaceuticals Looks To Find A New Partner Once Again For #RX3117 #Cancer Compound $RNN $TEVA http://t.co/2rvTS5R…
TalkMarkets
17 Sep 14 06:23:59
#Rexahn Pharmaceuticals Looks To Find A New Partner Once Again For #RX3117 #Cancer Compound $RNN $TEVA http://t.co/2rvTS5RLYN
lavina
17 Sep 14 05:04:40
RT @micheleciani: #biotech #buy #stocks $RNN $AEZS $AGEN $ARWR $IMMU $HRTX $LPDX $SGYP $MACK $OCRX $CYCC $CPRX and others http://t.co/fJSVo…
Andrés De Sousa E.
17 Sep 14 04:15:29
"@TalkMarkets: Rexahn Pharmaceuticals Looks To Find A New Partner Once Again For RX-3117 Cancer Compound $RNN $TEVA http://t.co/cfEMFr8iXS"
Michele Ciani
17 Sep 14 03:59:44
#biotech #buy #stocks $RNN $AEZS $AGEN $ARWR $IMMU $HRTX $LPDX $SGYP $MACK $OCRX $CYCC $CPRX and others http://t.co/fJSVohIiLo
MrsGAttitude
17 Sep 14 02:55:08
"@TalkMarkets: Rexahn Pharmaceuticals Looks To Find A New Partner Once Again For RX-3117 Cancer Compound $RNN $TEVA http://t.co/dinlkQNy8P"
TalkMarkets
16 Sep 14 20:56:13
Rexahn Pharmaceuticals Looks To Find A New Partner Once Again For RX-3117 Cancer Compound $RNN $TEVA http://t.co/2rvTS5RLYN
TalkMarkets
16 Sep 14 16:35:09
#Rexahn Pharmaceuticals Looks To Find A New Partner Once Again For #RX3117 #Cancer Compound $RNN $TEVA http://t.co/tke2YV8JIU
alexander
16 Sep 14 14:03:37
$RNN Laidlaw initiated coverage. The firm set a “buy” rating and a $3.50 price target on the stock. http://t.co/tMNnDmdVJs
WallStreetConsensus
16 Sep 14 12:19:56
Initiations 9/16: $RNN, $BNFT, $OSIR, $CTSH, $SSE, $WDAY, $MA, $ATHL, $NBL, $UTEK, $V, $GPRO, $LPI http://t.co/zvkxOvZFPz
Eowen
16 Sep 14 11:49:13
Rexahn Pharmaceuticals initiated by Laidlaw at buy. $3.50 PT. http://t.co/dSCCVAFbNq $RNN
ArenaCreative.com
16 Sep 14 11:22:04
Rexahn Pharmaceuticals initiated by Laidlaw at buy. $3.50 PT. http://t.co/PVvotRPWuv $RNN #RNN via @RatingsNetwork
Ski The G
16 Sep 14 10:28:21
RT @MONEYEMPIRE: $RNN nice move today
MoneyEmpire
16 Sep 14 10:27:57
$RNN nice move today
AwesomeCalls
16 Sep 14 10:24:27
$RNN BIG BLOCK almost 40,000 shares at .76 cents. Really want this one to get back to .82+ or HOD. So far so good acting the way I like! $$$
AwesomeCalls
16 Sep 14 10:22:59
$RNN OM MY Whats going on Traders?!!!! HUGE BUYER just woke up this sleeping giant. IF playing with size.? Be Patient!!! Aj
AwesomeCalls
16 Sep 14 09:58:40
Be nice IF we can get back to HOD or .82+ on $RNN Think this analyst at Laidlaw sees an opportunity for HIS clients? We'll see! Aj
AwesomeCalls
16 Sep 14 09:55:27
LONG $RNN .731 stops FIRM at .70 I want to see if this Laidlaw Analyst has some juice Only way to know is to buy afew & see how it plays out
AwesomeCalls
16 Sep 14 09:53:52
Taking a few $RNN LONG here at .731 scaling in. Stops at .70 on this LOW FLOATER on that $3.50 BUY Rating and Price Target with Laidlaw
AwesomeCalls
16 Sep 14 09:51:36
$RNN Rexahn Pharmaceuticals: Hearing initiated earlier with a Buy at Laidlaw; tgt $3.50 (0.723 +0.003)
Andrew Borzello
16 Sep 14 08:26:50
RT @Pzaa_Guy: $RNN - Rexahn Pharmaceuticals to Present at the BioPharm America™ 2014 in Boston, Massachusetts, USA http://t.co/V3U5p8EMpq
Andrew Borzello
16 Sep 14 08:26:49
RT @VisualStockR: $RNN - Rexahn Pharmaceuticals to Present at the BioPharm America™ 2014 in Boston, Massachusetts, USA http://t.co/NJnz0kK2…
Andrew Borzello
16 Sep 14 08:26:47
RT @StockNews_: $RNN - Rexahn Pharmaceuticals to Present at the BioPharm America™ 2014 in Boston, Massachusetts, USA http://t.co/PI1skI1Vkm
Andrew Borzello
16 Sep 14 08:26:44
RT @NASDAQODUK: $RNN - Rexahn Pharmaceuticals to Present at the BioPharm America™ 2014 in Boston, Massachusetts, USA http://t.co/pZ6HLGYqEi
Andrew Borzello
16 Sep 14 08:26:43
RT @dinic82: $RNN - Rexahn Pharmaceuticals to Present at the BioPharm America™ 2014 in Boston, Massachusetts, USA http://t.co/AfkcugsBy3
Andrew Borzello
16 Sep 14 08:18:01
RT @TickerReport: Rexahn Pharmaceuticals Receives New Coverage from Analysts at Laidlaw $RNN http://t.co/vFM32klInQ
Andrew Borzello
16 Sep 14 08:17:59
RT @WKRBNews: Rexahn Pharmaceuticals Research Coverage Started at Laidlaw $RNN http://t.co/kvCJJ8BIPd
WKRB News
16 Sep 14 08:04:34
Rexahn Pharmaceuticals Research Coverage Started at Laidlaw $RNN http://t.co/kvCJJ8BIPd
Ticker Report
16 Sep 14 07:08:33
Rexahn Pharmaceuticals Receives New Coverage from Analysts at Laidlaw $RNN http://t.co/vFM32klInQ
				
				
By  +Follow January 13, 2014 10:17AM
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