SAN FRANCISCO, Dec. 07, 2017 (GLOBE NEWSWIRE) — David Kideckel, an analyst with Beacon Securities Ltd., explained the investment thesis for this clinical-stage life sciences firm.
Included in this article is: Resverlogix Corp. (RVX:TSX)
In a Nov. 15, 2017, research report, Beacon Securities Ltd. analyst David Kideckel described Resverlogix Corp. as a company with “a game-changing medical technology platform and drug development platform,” and “a deeply talented senior management team.” He stated, “We believe that Resverlogix is one of the most undervalued and most impressive biotechnology companies listed on the Toronto Stock Exchange. . .[it] has flown under the radar of ‘healthcare and biotechnology-focused’ investment banks, which is unfortunate (or fortunate for future investors), given the company’s blockbuster market potential.”
Resverlogix’s epigenetics drug development platform is based on targeting bromodomain and extra-terminal (BET) proteins, and its lead drug candidate, apabetalone (RVX-208), is one such inhibitor. With its platform, the company is addressing epigenetics and BET inhibition, which, wrote Kideckel, “are among the hottest fields in the global biotechnology sector with significant upside potential.”
Three clinical trials are underway involving apabetalone. The first is a Phase 3 study (BETonMACE) for the secondary prevention of major adverse cardiovascular events (MACE) in high-risk patients with diabetes. The second is a Phase 2 study in chronic kidney disease, and the third is a Phase 2 trial in Fabry Disease (a rare disease).
Continue reading this article: Coverage Initiated on ‘One of the Most Undervalued Biotech Companies in Canada’
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