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Resverlogix Corp T.RVX

Alternate Symbol(s):  RVXCF

Resverlogix Corp. is a Canada-based late-stage biotechnology company. The Company is engaged in epigenetics, with a focus on developing therapies for the benefit of patients with chronic diseases. Its epigenetic therapies are designed to regulate the expression of disease-causing genes. The Company's clinical program is focused on evaluating its lead candidate apabetalone (RVX-208) for the treatment of cardiovascular disease and associated comorbidities, and post-COVID-19 conditions. RVX-208 is a small molecule that is a selective bromodomain and extra-terminal (BET) inhibitor. BET bromodomain inhibition is an epigenetic mechanism that can regulate disease-causing genes. RVX-208 is a BET inhibitor selective for the second bromodomain (BD2) within the BET proteins. It partners with EVERSANA, to support the commercialization of RVX-208 for cardiovascular disease, post-COVID-19 conditions, and pulmonary arterial hypertension in Canada and the United States.


TSX:RVX - Post by User

Bullboard Posts
Comment by archmanon Mar 18, 2018 12:14pm
303 Views
Post# 27735727

RE:RE:RE:RE:RE:Jan 31, 2018 Financials MD&A

RE:RE:RE:RE:RE:Jan 31, 2018 Financials MD&AAgree - the TSX review is a non-issue. The most important tidbit I got from the MDA is ... "As announced on August 28, 2017, we received a letter of intent regarding a significant potential regional licensing arrangement and/or a significant equity investment in Resverlogix." Perhaps the LOI is is on hold until the futility analysis is in (or whatever they are calling it these days); or Don is pushing off finalization until then to maximize the value to be obtained (or minimize dilution). The MDA also states that management is confident in obtaining financing to cover future costs ($500k in cash and almost $16 million in payables as of 1/31 - so it seems their study vendors are, as well). too bad we can't get cash now - so they can start the renal work.
Bullboard Posts