While the fall may partially be due to a secondary offering this June, it may also be due to underwhelming results in one of three potential indications for its lead compound, BXCL-501. Fortunately, its two other indications are showing promising results, and the company may be poised to rebound. BioXcel's lead compound is a dissolving oral film of dexmedetomidine, a drug that has been around for a while.
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