Baudax Bio Higher on Positive Phase II news

(24/7 MARKET NEWS) – Baudax Bio, Inc. (NASDAQ:BXRX) reported, this morning, the successful outcome of its first interim analysis in a Phase II trial of BX1000 for neuromuscular blockade (NMB) in patients undergoing elective surgery.

Baudax Bio is trading at $3.85, 71-cents higher (22.22%), on 1.4 million shares traded.

Its 52-week range is $1.55 to $306.46. It’s well off its 52-week high, but is about to eclipse its 2023 highs and its setup is favorable for a potential run.

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