Profile: RXi
Pharmaceuticals Corporation (NASDAQ:RXII)
RXi Pharmaceuticals Corporation (NASDAQ: RXII) is a biotechnology
based company that has evolved from a platform RNAi company. Core areas of
focus are ophthalmology and dermatology in which the company is motivated to
expedite development of innovative therapeutics in order to cater high-ummet
medical requirements. Revolving to a product based company had been a great challenge
for RXi and RXI-109, a novel ‘self-delivering’ RNAi (sd-rxRNA®) compound, has
been honored being a first offering of the company as a product.
Great efficacy of the drugs manufactured by RXi has been recorded.
For instance in the clinical trials, RXI-109 compound and Samcyprone™ gel have
shown great improvement in the patients who were chronically suffering from warts,
surgery marks, hypertrophic scars, keloids, and Alopecia Areata. Upcoming
innovations and discoveries are expected to bring a terrific revolution in the
field of dermatology. The drugs are intended to bring revolution by offering
research contributions for tissue repair and cell generation to cure chronic
dermatological damages.
The company has great opportunities of growth even outside the
fields of dermatology and ophthalmology by utilizing the scope of RXI-109
compound. Because of tremendous efficacy and flexible portfolio, the company is
being expected to grow by leaps and bounds.
On results of second quarter, 2015, Mr. Geert Cauwenbergh (CEO, RXi
Pharmaceuticals) signaled upcoming growth and provided positive insights to the
shareholders. His speech left a favorable impact on share holders since the
share price increased immediately after the CEO delivered the Q2 results
speech. He shared seven core initiatives for upcoming year in order to maximize
shareholder’s value. He kept emphasizing over shareholder’s value all along. Year
to Date (YDT) trading volume as an average of percentage of outstanding shares
is 5.17% however the same indicator for one month (on an average) is 4.42%.
They remained pretty successful in winning shareholders’ trust by offering dividends
for common shareholders at the end of second quarter. The company has a huge
potential for buoyant growth.
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