Bioxytran, Inc. Announces the Reinitiation of Coverage of Its Stock by Avise Analytics
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BIOXYTRAN, INC. (OTCQB: BIXT), a clinical stage biotech firm, has announced that Avise Analytics has reinitiated coverage of its stock, setting a fair valuation at $2.71 per share. The report highlights Bioxytran's ProLectin-M, which shows promising recovery rates for Covid-19 patients and targets a multi-billion-dollar market. Additionally, the company is advancing BXT-25 for stroke treatment, addressing the critical treatment window challenge. Despite positive developments, funding limitations could impact drug development timelines. More details can be found in the full report.
Positive
- ProLectin-M shows 100% recovery for mild-to-moderate Covid-19 patients by day 7.
- ProLectin-M targets a market of over 10 million patients, indicating significant revenue potential.
- BXT-25 overcomes the 3-hour treatment window challenge for stroke victims, enhancing market opportunity.
- Strong management led by Dr. David Platt, who has a history of successful drug development and significant investor returns.
Negative
- Funding limitations may delay the clinical processes for both ProLectin-M and BXT-25.
Details
News Market Reaction – BIXT
The recorded move for BIXT in the trading session of this news was -5.86%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BOSTON, MASSACHUSETTS, Nov. 22, 2022 (GLOBE NEWSWIRE) -- BIOXYTRAN, INC. (OTCQB: BIXT), a clinical stage biotechnology company developing novel therapies targeting the treatment of significant unmet medical needs in virology, degenerative disease, and hypoxia, announces the reinitiation of coverage of its stock by Avise Analytics, a leading equity research firm specializing in micro-cap and small-cap public companies research, giving a fair valuation of
The full research report is available here. Highlights from the report include:
ProLectin-M: Potential Game Changer for Covid-19
Bioxytran is developing niche therapeutics in the crowded Covid-19 antiviral drug space, setting a new benchmark with
Overcoming the Biggest Challenge in Stroke Treatment
The Company continues to focus on developing BXT-25, the only ambulatory treatment which can overcome the problem of a minuscule 3-hour treatment window available for victims of stroke. The Company is not only on an accelerated pathway for the approval of its drug from the FDA but also poised to capture a majority share of the multibillion-dollar global stroke market.
Proven Track Record of Dr. David Platt
With Dr. David Platt, an expert in carbohydrate chemistry with a decade-long management experience, at its helm, Bioxytran is on an accelerated path to emulating his earlier successes. Dr. Platt’s various achievements include a portfolio of patents, the distinction of uplisting two companies from OTC to NASDAQ and creating a value of nearly
INVESTMENT VIEW:
While Covid-19 continues to remain a threat, the unavailability of
About Bioxytran, Inc.
Bioxytran Inc. is a clinical stage biotechnology company developing novel therapies targeting the treatment of significant unmet medical needs in virology, degenerative disease, and hypoxia. The leading drug candidate, ProLectin-M, is a new class of antiviral drug designed to antagonize galectins implicated in inflammatory, fibrotic, and malignant diseases. Bioxytran's other development programs are for pulmonary fibrosis and stroke treatment. More information can be found at www.bioxytraninc.com
To learn more, visit our website: http://www.Bioxytraninc.com
Investor Relations
Michael Sheikh
509-991-0245
mike.sheikh@bioxytraninc.com
About Avise Analytics
Avise Analytics Private Limited (‘Avise Analytics’) is the fastest growing equity research firm that authors institutional quality equity research reports, with special focus on Nano-Cap and Micro-Cap companies that are undervalued and lacks adequate coverage. Avise Analytics is an approved research contributor on premier institutional investor platforms including Thomson Reuters, Factset, and CapitalIQ.
For more information, visit www.aviseanalytics.com
Disclosures: For full disclosures pertaining to this report, click here
Contact:
Avise Analytics Private Limited
research@aviseanalytics.com
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