Baudax Bio Inc
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Company profile

Baudax Bio, Inc. is a specialty pharmaceutical company focused on developing and commercializing products for acute care settings. The Company’s lead product candidate is IV injectable form of Meloxicam, a long-acting preferential cyclooxygenase (COX)-2 inhibitor. The Company’s product pipeline also includes other early-stage product candidates, including two neuromuscular blocker agents (NMBAs) and a related chemical reversal agent, and Dexmedetomidine (Dex)- intranasal (IN), an intranasal formulation of dexmedetomidine. The Company is developing an intermediate-acting NMBA, RP100; an ultrashort-acting NMBA, RP2000, and a reversal agent specific to its NMBAs.

Price
Delayed
$3.82
Day's Change
0.13 (3.52%)
Bid
--
Ask
--
B/A Size
--
Day's High
3.85
Day's Low
3.69
Volume
(Light)

Today's volume of 194,250 shares is on pace to be much lighter than BXRX's 10-day average volume of 982,021 shares.

194,250

Tesla upgraded to neutral from underperform at BofA after stock almost halved in a month

10:07 am ET March 18, 2020 (MarketWatch)
Print

BofA Securities upgraded the stock of Tesla Inc. (TSLA) to neutral from underperform on Wednesday, after it almost halved in the space of a month. Still, "while we continue to view TSLA as a trailblazer in the electric vehicle (EV) market, we believe investor optimism around the company and its business/financial future remains overhyped and litany of risks remain underappreciated, which keeps us relatively cautious on the stock despite the upgrade," analysts led by John Murphy wrote in a note to clients. The bank raised its stock price target to $500 from $370. "What the run up in TSLA stock from $300/sh to $900/sh+ in the span of 3 months has proven, however, is that valuation is a self-fulfilling prophecy of sorts; and we consider such "peak" valuation levels in our bull case scenarios, as well as a slightly higher probability of being achieved," said the note. Among the risk factors BofA identifed are that profitability and cash flow are not good or consistent; the company is still not self funding after a decade; credit investors are skeptical, but with equity cushion, have hopped on the bandwagon; "creative accounting and presentation helps on a transitory basis," and finally momentum buying is helping for now but a rotaiton of value stocks "could be painful." Tesla shares were down 6%, but have gained 50% in the last 12 months, while the S&P 500 has fallen 11%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 18, 2020 10:07 ET (14:07 GMT)

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