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BPMX - Why BioPharmX Collapsed After Announcing Positive News
BioPharmX Corporation. Common
BioPharmX Corporation (BPMX) is a pharmaceutical company that announced on Monday 25 June that it had positive topline results from its Phase 2b trial of BPX-04 for Papulopustular Rosacea (BPX-04 being a topical gel, and papulopustular rosacea being a skin disorder causing redness, swelling and acne-like breakouts), causing the stock to initially pop up to a high of just over $1.55 in premarket trading before fading massively all day and closing at $0.79. That's a price even lower than what BPMX traded at before this news hit, leaving many investors to wonder what