Seeking Alpha

Rexahn Pharma up 10%

  • Nano cap biotech Rexahn Pharmaceuticals (RNN) enjoys a pop in today's trading. Shares have eased a bit from the intraday high of $1.47, but are still up ~9% at $1.36.
  • The firm disclosed initial results from its Phase 1 clinical trial of Supinoxin (RX-5902). Three patients have received two - six cycles of treatment. All doses were well tolerated.
  • Some observers perceive the action as proof of investors' overexuberance with all things biotech.
Comments (2)
  • SUCKMEISTER
    , contributor
    Comments (50) | Send Message
     
    4000 shares and holding. I expect to make some money this year with RNN.
    11 Mar 2014, 02:22 PM Reply Like
  • StuckeyStocks
    , contributor
    Comments (12) | Send Message
     
    If only I was up early enough this morning to sell, and lock in the gains... SMH at least there will be many other chances in the near future.
    11 Mar 2014, 04:10 PM Reply Like
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