Insider Buying: Regenerx Biopharmaceuticals Inc (RGRX) Major Shareholder Purchases 17,933,673 Shares of Stock

Regenerx Biopharmaceuticals Inc (OTCMKTS:RGRX) major shareholder Spa Essetifin bought 17,933,673 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was purchased at an average price of $0.23 per share, with a total value of $4,124,744.79. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of OTCMKTS:RGRX remained flat at $$0.22 during midday trading on Friday. 15,743 shares of the stock traded hands, compared to its average volume of 62,574. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of -0.10. Regenerx Biopharmaceuticals Inc has a one year low of $0.14 and a one year high of $0.38.

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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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