BOSTON, MASSACHUSETTS, July 23, 2019 (GLOBE NEWSWIRE) -- BIOXYTRAN, INC. (OTC: BIXT), a developmental stage biotechnology company developing a pipeline of anti-necrosis drugs designed to treat hypoxia by delivering a small molecule carrying oxygen to the brain of stroke victims announced today that Avise Analytics, a leading equity research firm specializing in micro-cap and small-cap public companies research has initiated coverage on Bioxtytran, Inc.
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. With an exclusive licensing agreement with MDX Lifesciences for its MDX viewer, the gold standard for measuring brain tissue and oxygen recovery status, 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.
Other Potential Drugs in the Pipeline
Bioxytran plans to adopt a multipronged strategy by developing sub-classes of BXT-25 for numerous application such as wound-healing and organ transplantation. Its clinical pursuits are aimed at capturing a large market share of the anti-necrotic drug space with special focus on hypoxia.
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, distinction of uplisting two companies from OTC to NASDAQ and creating a value of nearly $1 billion for the investors through three publicly traded companies.
INVESTMENT VIEW:
A growing geriatric population along with a rising prevalence of stroke present the ideal conditions for future growth. The MDX viewer bolsters the robust intellectual property position of BioXytran, as management believes it is the only available development stage device that can measure increasing tissue oxygenation. However, the inability to garner sufficient funds for the drug development process may delay the clinical process of BXT-25. We are attracted to its strong management team and unique breakthrough technology. We adopt DCF valuation to arrive at a price target of $2.64/share, discounted at a WACC of 9.54%.
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 Avise Analytics
Avi Surana, Head of Research of Avise Analytics
404.793.0360
avi@aviseanalytics.com
About Bioxytran, Inc.
Bioxytran Inc. is a developmental stage biotechnology company. The company is working towards a first-in-class oxygen treatment platform for victims of brain stroke trauma. The first product to proceed to testing is BXT-25, which will be evaluated as a resuscitative agent to treat strokes, especially during the all-critical first hour following a stroke. The product will also be evaluated for its efficacy in treating other brain trauma issues. BXT-25 is based on a new molecule designed to reverse hypoxia in the brain. Hypoxic brain injuries such as ischemic strokes, could be treated with BXT-25 via an intravenous injection that quickly allows the drug molecule to travel to the lungs and bind with the oxygen molecules. From the lungs the molecule mimics a red blood cell traveling to the brain. Since the molecule is 5,000 times smaller than red blood cells it can penetrate the clot and deliver the oxygen to the critical areas in the brain blocked by the clot. To learn more, visit our website: http://www.Bioxytraninc.com
Investor Relations
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Forward-Looking Statements
This press release includes forward-looking statements as defined under federal law, including those related to the performance of technology described in this press release. These forward looking statements are generally identified by the words “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” and similar expressions, although not all forward-looking statements contain these identifying words. Such statements are subject to significant risks, assumptions and uncertainties. Known material factors that could cause Bioxytran’s actual results to differ materially from the results contemplated by such forward-looking statements are described in the forward looking statements and risk factors in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018 and those risk factors set forth from time-to-time in other filings with the Securities and Exchange Commission. Bioxytran undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required under federal securities laws.
Source: Bioxytran Inc.
Additional Disclosures: Avise Analytics has received a one-time engagement fee of USD 3,000 from Bioxytran, Inc. for the production and broad dissemination of an in- depth research report on Bioxytran, Inc. Avise Analytics may seek additional fees for the provision of a press release. The non-research related service cost is dependent on the company, but usually do not exceed USD 2,000. Fees are paid upfront in cash without recourse. Its analysts have not received any compensation from the featured companies or from any related party. Avise Analytics has a restrictive policy relating to personal dealing and conflicts of interest. For full disclosures pertaining to this report, click here.
Source: Avise Analytics
Source: Bioxytran Inc. © 2019 GlobeNewswire, Inc.
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