Spa Essetifin Acquires 17,933,673 Shares of RegeneRx Biopharmaceuticals Inc (RGRX) Stock

RegeneRx Biopharmaceuticals Inc (OTCMKTS:RGRX) major shareholder Spa Essetifin acquired 17,933,673 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were bought at an average cost of $0.23 per share, for a total transaction of $4,124,744.79. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

RegeneRx Biopharmaceuticals Inc (OTCMKTS:RGRX) traded up $0.01 during mid-day trading on Wednesday, reaching $0.23. 111,867 shares of the company’s stock were exchanged, compared to its average volume of 46,053. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of -0.10. RegeneRx Biopharmaceuticals Inc has a 12 month low of $0.14 and a 12 month high of $0.38. The firm has a market capitalization of $25.25, a PE ratio of -23.00 and a beta of -1.97.

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About RegeneRx Biopharmaceuticals

RegeneRx Biopharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development of a therapeutic peptide, Thymosin beta 4 (Tb4), for tissue and organ protection, repair and regeneration. The Company’s segment is the development and marketing of product candidates based on Tb4, an amino acid peptide.

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