Opexa Therapeutics Inc (NASDAQ:OPXA) shaping up well in the run up to its public offering

850

Dallas, Texas 09/16/2013 (Financialstrend) – Movement on the browsers

In the past four weeks the share price ofOpexa Therapeutics Inc (NASDAQ:OPXA) has risen over 30% in the run up to the public offering of its common stock. It is trading at $1.84 per share on the NASDAQ stock exchange as of close of business on September 13. At current valuations, it is trading 65% lower than its 52 week high price and is trading 68% above its 52 week low price. Opexa Therapeutics is a biopharmaceutical company. The Company develops personalized cellular therapies for treating illnesses like multiple sclerosis (MS). Opexa therapies are built on its T-cell technology.

Public offering expected to bring in $19.3 million

On September 11, Opexa Therapeutics Inc (NASDAQ:OPXA) reported to the SEC that it had successfully closed a partial exercise of over allotment of 250,000 shares of common stock valued at $1.5 per share. This exercise was a continuation of its recently announced public offering which totally would offer total of 12,900,000 shares of common stock. The company expects to raise $19.3 million through this public offering.

Opexa hawking its lead product Tcelna to potential investors

Opexa Therapeutics presented at the Rodman & Renshaw , 15th Annual Global Investment Conference, held on September 10, 2013 to drum up demand for its public offering. It claims to have 50 patents issued on T Cell platform and talks of the immense potential of its lead product Tcelna being tested to cure multiple sclerosis. It also highlighted the impending fast tracking by FDA of its phase2 clinical trials of its secondary progressive MS. Company estimates the market potential for this drug in US to range around $7 billion. The company also has cash and cash equivalents of $5 million.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.