logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

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

By  +Follow January 13, 2014 10:17AM
Share:
Tickers Mentioned:

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.

 

Results for rnn
Jet Life PennyStock$
17 Apr 14 01:28:19
Dollar$OnPennies: $RNN Gallery View http://t.co/XXMclBo178
Penny Chieftain
16 Apr 14 14:45:35
$ZGNX making me heapum big gains. Buying back into $CYNAF. $RNN is a great bet.
PsychSignal
16 Apr 14 14:02:16
36.0% increased bullish conversations in $RNN in the past 3 hours.
Ebieqd
16 Apr 14 13:33:33
$RNN - Statement of Changes in Beneficial Ownership (4) http://t.co/cUxdI5MfWx
Pzaa...Guy
16 Apr 14 13:33:27
$RNN - Statement of Changes in Beneficial Ownership (4) http://t.co/ElBa0ogrua
StockNews
16 Apr 14 13:33:08
$RNN - Statement of Changes in Beneficial Ownership (4) http://t.co/hlBlS9gIvj
VisualStock Resource
16 Apr 14 13:32:24
$RNN - Statement of Changes in Beneficial Ownership (4) http://t.co/9EPMfWc5q5
Hacktheripper
16 Apr 14 12:50:41
04/15 @Hacktheripper1 21h $RNN with a big shake like that, got to wonder is good news is coming Im sure the weak longs r out after that one
Lutz Braune
16 Apr 14 11:03:12
$RNN Mid Day Movers: Rexahn Pharmaceuticals, Inc. (NYSEMKT:RNN), NPS ... http://t.co/Gv4UNoh8EZ
Stock Status
16 Apr 14 10:20:44
so nice to see $RNN back in the green after yesterday's run... http://t.co/p0kWGT3qGt
Jeffrey Weiss
16 Apr 14 09:43:19
$RNN making a solid come back. Hope to close above $1.00.
lottiee1012
16 Apr 14 08:11:20
Out $RNN .9518 7k from .922
PsychSignal
16 Apr 14 08:02:22
450.0% increased bearish conversations in $RNN in the past 3 hours.
Nihar Ghate
16 Apr 14 07:55:38
$RNN great buy long
Stock Status
16 Apr 14 05:52:24
$RNN some green in the pre-market... http://t.co/rjcKtjj7nl
Lutz Braune
16 Apr 14 03:28:09
$RNN Stocks to Track - Vale SA (ADR) (VALE), Rexahn Pharmaceuticals, Inc (RNN ... http://t.co/wmFhmhNwhR
WallStreet Pennies
16 Apr 14 02:18:15
Dollar$OnPennies: $RNN Gallery View http://t.co/t3QfDWO2Mq
V.S. Schulz
15 Apr 14 19:51:50
#zzporte gains/losses. @zzlangerhans $TKMR $ENTA $OGXI $RNN $CORT $DRNA $ALNY $AVEO $KBIO $EXEL http://t.co/DmPoUA10Bi
Robert
15 Apr 14 18:20:20
RT @afmarko99: Speak Life.... http://t.co/2cXfFgvsRA why? Because today sucked & tomorrow has to be better. $ARIA $IBB $GERN $RNN #biotech
PsychSignal
15 Apr 14 16:02:18
61.0% decreased bullish conversations in $RNN in the past 3 hours.
O T P i c k s . com
15 Apr 14 15:50:37
http://t.co/awZxDQ0zpX AnG5640: $RNN finally broke .90...: AnG5640 http://t.co/8A6qMSKH2k http://t.co/awZxDQ0zpX
OTPicks.com
15 Apr 14 15:50:34
http://t.co/QkCFZ8q0T8 AnG5640: $RNN finally broke .90...: AnG5640 http://t.co/L53Ri7gCx6 http://t.co/QkCFZ8q0T8
OTPicks.com
15 Apr 14 15:50:32
http://t.co/QzFp1WC0ss AnG5640: $RNN finally broke .90...: AnG5640 http://t.co/xoWfyqICNE http://t.co/QzFp1WC0ss
Stock Status
15 Apr 14 15:38:16
it was as if $RNN went "on sale" for a while today so that anyone who doesn't have it had a chance to buy it... ;) http://t.co/bX5PZQDKmL
Stock Status
15 Apr 14 15:35:17
$RNN a little green in the after-hours market... http://t.co/ILCiwOf9zb
Hacktheripper
15 Apr 14 15:15:04
$RNN with a big shake like that, got to wonder is good news is coming, Im sure the weak longs are out after that one
Mark Romero
15 Apr 14 13:41:47
Speak Life.... http://t.co/2cXfFgvsRA why? Because today sucked & tomorrow has to be better. $ARIA $IBB $GERN $RNN #biotech
lottiee1012
15 Apr 14 13:15:19
@lottiee1012: Covered position Order filled BIS 22.5 to 20.5. Current holdings I guess holding o/n $POZN $RNN $ARWR all long
Lutz Braune
15 Apr 14 12:45:12
$RNN Stocks to Track - Vale SA (ADR) (VALE), Rexahn Pharmaceuticals, Inc (RNN ... http://t.co/wmFhmhNwhR
Jason
15 Apr 14 12:26:28
$RNN & $ARIA presented nice buying opportunities today. Glad I pulled the trigger
lottiee1012
15 Apr 14 12:22:20
Haven't pulled trigger on $RNN when chart does look really good at .92
PsychSignal
15 Apr 14 12:02:14
42.0% decreased bullish conversations in $RNN in the past 3 hours.
_tr8dr_
15 Apr 14 11:39:41
$RNN back over 90 cents
Marla Stout
15 Apr 14 11:01:37
$RNN This is what happens when everyone is running out of the theatre at once. FIRE!
nypd whistleblower
15 Apr 14 10:59:35
RT @StockRocket1: $IDOI smoking hot today! $MINE $ERBB $SPLI $FRTD $SIRI $FRTD $FITX $TTDZ $FROZ $SKTO $RAD $ZNGA $EAPH $WAVX $HEMP $PLUG …
Stock Rocket
15 Apr 14 10:56:53
$IDOI smoking hot today! $MINE $ERBB $SPLI $FRTD $SIRI $FRTD $FITX $TTDZ $FROZ $SKTO $RAD $ZNGA $EAPH $WAVX $HEMP $PLUG $MJNA $CBIS $RNN
lottiee1012
15 Apr 14 10:25:46
Watching $RNN for break of .90 long
Bret Jensen
15 Apr 14 10:10:30
Commented on: "Rexahn Pharmaceuticals: Another $1.30 Biotech Lottery Ticket" http://t.co/JFD6y2f8lq $RNN
Marla Stout
15 Apr 14 09:54:26
$RNN This feels like a snowball gaining selling momentum.
Matthew Jonsson
15 Apr 14 09:35:40
$IDGC Lock and Load here.. this is ready to move BIG. $ARIA $nihd $TWTR $APRU $BBRY $RNN $DEWM $FITX $PMCM $RNN
Matthew Jonsson
15 Apr 14 09:34:04
$idgc loading happening over past week, this is almost ready to move, with news we could see it blow, Up 40% today! $ARIA $RNN $DEWM $BBRY
Anar
15 Apr 14 09:32:56
$SPEX Back to pennyland $RNN recovering, still not buying, $WAVX holding nicely, may see HOD before the close $HPJ cant quit surprising me
Stock Status
15 Apr 14 09:26:55
$RNN up a little since 10:25 this morning... http://t.co/XTCY3Mn2Pg
KnowProphet
15 Apr 14 09:00:18
BlackOpStocks: $RNN in at .76 http://t.co/Qynlq457Ka
abhishek m r
15 Apr 14 08:28:13
$RNN Achieved target 0.88 & cracks, now @ 0.86 below that its 0.76, imo it may not crack below tht mark
Marc Keiser
15 Apr 14 08:12:17
Got in $RNN at $0.7699 and out at $0.8499, nice profits made in 20 minutes. Now long $BAXS like the $0.95 support and recent news.
nypd whistleblower
15 Apr 14 07:57:50
RT @StockRocket1: $IDOI on breakout alert. $ERBB $SPLI $FRTD $FROZ $SKTO $SIRI $FITX $TTDZ $RNN $CBIS $RAD $ZNGA $MNJA $HMEP $PLUG $WAVX $A…
Stock Rocket
15 Apr 14 07:56:38
$IDOI on breakout alert. $ERBB $SPLI $FRTD $FROZ $SKTO $SIRI $FITX $TTDZ $RNN $CBIS $RAD $ZNGA $MNJA $HMEP $PLUG $WAVX $AMD $ONCS $OIBR
Jason
15 Apr 14 07:56:37
$RNN - still cheap at this level IMO
Jason
15 Apr 14 07:55:25
$RNN - beautiful reversal
				
				
By  +Follow January 13, 2014 10:17AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.