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Medexus Pharmaceuticals Inc T.MDP

Alternate Symbol(s):  MEDXF

Medexus Pharmaceuticals Inc. is a Canada-based specialty pharmaceutical company with a North American commercial platform. The Company has a portfolio of rare disease treatment solutions. Its focus is on the therapeutic areas of oncology, hematology, rheumatology, autoimmune diseases, allergy, and dermatology. It operates through two segments: Medexus Pharma Canada and Medexus Pharma USA. Its lead products are IXINITY (US), Rupall (Canada), Rasuvo (US) and Metoject (Canada), and Gleolan (US). IXINITY (US) is an intravenous recombinant factor IX therapeutic for use in patients with hemophilia B. Rupall (Canada) is a prescription allergy medication with a mode of action. Rasuvo (US) and Metoject (Canada) is a formulation of methotrexate designed to treat rheumatoid arthritis and other autoimmune diseases. Gleolan (US) is an optical imaging agent indicated in patients with glioma as an adjunct for the visualization of malignant tissue during surgery.


TSX:MDP - Post by User

Post by cleareyeon Nov 14, 2023 1:42am
346 Views
Post# 35733567

High volume at support

High volume at supportThe share price hit a high of around 2.20 last July 4th, and then bounced off support at a low of 1.78 for a few days before beginning a journey to over 3.00.

Now, we're back at that support of 1.78, showing high volume as sellers have shown up. November tends to bring out the sellers after quarterly earnings reports.

This company is really showing promise with positive increases in key measures on the Income Statement. The Balance Sheet is being realistically cleaned up. The float is very low.

We'll see if the $1.78 level holds.

Bouncing from here would be a very good sign.

cleareye.
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