(24/7 MARKET NEWS) – Baudax Bio, Inc. (NASDAQ: BXRX) stated, this morning, that U.S. Food and Drug Administration (FDA) granted orphan drug designation to its lead clinical candidate TI-168 for the treatment of Hemophilia A with inhibitors. TI-168 is the Company’s next-generation, FVIII specific Treg therapy designed to reliably and effectively address Hemophilia A patients with FVIII inhibitors.
Baudax Bio is trading at $0.46, up $0.16 (+52.00%), on 219.19K premarket shares traded.
Its 52-week range is $0.30 to $12.24. It just crossed a key inflection point and its next key inflection point is 59-cents. If it breaks through that, on strong trading volume, it looks like it has several manageable waves to retrace to as high as $1, but the volume needs to pick up for that to possibly happen.
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