Biopharmx Corp (BPMX) Major Shareholder Vivo Capital Viii, Llc Sells 296,394 Shares

Biopharmx Corp (NYSE:BPMX) major shareholder Vivo Capital Viii, Llc sold 296,394 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $0.20, for a total value of $59,278.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Biopharmx Corp (NYSE:BPMX) opened at $0.19 on Tuesday. Biopharmx Corp has a 1-year low of $0.16 and a 1-year high of $0.90.

Biopharmx Corp (NYSE:BPMX) last released its earnings results on Wednesday, September 13th. The biotechnology company reported ($0.06) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.06). The company had revenue of $0.02 million during the quarter, compared to analyst estimates of $0.02 million. Biopharmx Corp had a negative return on equity of 5,749.08% and a negative net margin of 22,005.88%.

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A number of analysts have recently issued reports on BPMX shares. Maxim Group reduced their target price on Biopharmx Corp from $3.00 to $1.50 and set a “buy” rating for the company in a report on Wednesday, September 13th. HC Wainwright restated a “buy” rating and issued a $3.00 target price on shares of Biopharmx Corp in a report on Wednesday, September 13th.

Biopharmx Corp Company Profile

BioPharmX Corporation is a specialty pharmaceutical company. The Company is focused on utilizing its drug delivery technologies to develop and commercialize prescription and over-the-counter (OTC) products that address markets in women’s health and dermatology. Its portfolio of product candidates includes two clinical stage product candidates: BPX01, which is a topical antibiotic for the treatment of acne based on a formulation of minocycline, and BPX03, which is a molecular iodine (I2) tablet for the treatment of benign breast pain associated with fibrocystic breast condition (FBC) and cyclic mastalgia.

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