Resverlogix Corp. (T:RVX)
Business Focus: Bio Therapeutic Drugs
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Insider Filings
Latest 10 SEDI filings for RVX within the last 6 months
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Company News
Aug 29, 2023 07:15 ET
Resverlogix Announces a Favorable Outlook Based on New Cardiovascular Disease Treatment Guidelines for Patients with Type 2 Diabetes
Amsterdam, Netherlands and Calgary, Alberta--(Newsfile Corp. - August 29, 2023) - Resverlogix Corp. (TSX: RVX) ("Resverlogix") (TSX:RVX) today announced that new guidelines published by the European Society of Cardiology (ESC) reflect unmet need in the reduction of cardiovascular risk in patients with type 2 diabetes, and highlight the opportunity for apabetalone to benefit this high-risk population. New emphasis on combining multiple drugs with proven cardiovascular benefits mirrors Resverlogix's therapeutic strategy - developed at the request of the US FDA - of combining apabetalone with sodium-glucose cotransporter-2 inhibitors (SGLT2i) for its planned BETonMACE2 study.
Jun 29, 2023 18:00 ET
Resverlogix Announces Warrant Repricing and One-Year Extension
Calgary, Alberta--(Newsfile Corp. - June 29, 2023) - Resverlogix Corp. (TSX: RVX) ("Resverlogix" or the "Company") announces that certain of its 27,461,157 common share purchase warrants (the "Warrants") will be amended. Commencing on July 17, 2023, the exercise price of 24,508,489 Warrants (currently exercisable at prices ranging from $0.24 to $1.00 per share) will be reduced to $0.20 per share, and the expiry date of 10,713,505 of the Warrants that currently expire between April 26, 2024 and June 6, 2025 will be extended by one year. All other terms of all the Warrants will remain unchanged. 1,500,000 warrants held by insiders of the Company will not be amended; the warrants listed for trading that expired on June 7, 2023 were not eligible for amendment.
Valuation Ratios
Industry
Sector
Beta
0.67
--
--
Price to Sales - TTM
--
8.86
2.87
Price to Book - most recent quarter
--
2.02
1.83
Price to Cash Flow per share - TTM
--
3.94
11.23
Price to Free Cash Flow per share - TTM
--
53.28
15.55
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Sep 15, 2023 | 360,761 | 236,336 |
| Aug 31, 2023 | 124,425 | -25,126 |
| Aug 15, 2023 | 149,551 | -12,816 |
Business Summary
| Sector: Healthcare | Industry: Biotechnology & Medical Research |
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.
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