RXi Pharmaceuticals Corp (NASDAQ:RXII) saw strong trading volume on Wednesday . 1,003,044 shares traded hands during mid-day trading, an increase of 527% from the previous session’s volume of 159,988 shares.The stock last traded at $4.55 and had previously closed at $3.20.
The firm has a market capitalization of $10.78, a P/E ratio of -0.42 and a beta of 1.75.
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RXi Pharmaceuticals Company Profile
RXi Pharmaceuticals Corporation is a clinical-stage ribonucleic acid (RNA) interference (RNAi) company developing therapeutics in dermatology and ophthalmology that address unmet medical needs. The Company’s development programs are based on its self-delivering RNAi (sd-rxRNA) platform and Samcyprone, a topical immunomodulator.
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