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    SEC Form SC 13G filed

    2/16/21 3:39:02 PM ET
    $BXRX
    Misc Health and Biotechnology Services
    Health Care
    Get the next $BXRX alert in real time by email
    SC 13G 1 baudax13g-021621.htm

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
    SCHEDULE 13G
    Under the Securities Exchange Act of 1934
    (Amendment No. 2)*
    Baudax Bio, Inc.
    (Name of Issuer)
    Common Stock, $0.01 par value
    (Title of Class of Securities)
    07160F107
    (CUSIP Number)
    December 31, 2020
    (Date of Event which Requires Filing of this Statement)
    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
      Rule 13d-1(b)
    X  Rule 13d-1(c)
     Rule 13d-1(d)
    * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
    The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


    1.
    NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
       
     
    Corsair Capital Partners, L.P.
       
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
     
    (a)    [x]
     
    (b)    [ ]
       
    3.
    SEC USE ONLY
       
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
     
    Delaware
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
       
    5.
    SOLE VOTING POWER
       
     
    0
       
    6.
    SHARED VOTING POWER
       
     
    34,160
       
    7.
    SOLE DISPOSITIVE POWER
       
     
    0
       
    8.
    SHARED DISPOSITIVE POWER
       
     
    34,160
       
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
     
    34,160
       
    10.
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES    [ ]
       
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
       
     
    Less than 1%
       
    12.
    TYPE OF REPORTING PERSON
       
     
    PN


    1.
    NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
       
     
    Corsair Capital Partners 100, L.P.
       
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
     
    (a)    [x]
     
    (b)    [ ]
       
    3.
    SEC USE ONLY
       
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
     
    Delaware
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
       
    5.
    SOLE VOTING POWER
       
     
    0
       
    6.
    SHARED VOTING POWER
       
     
    4,554
       
    7.
    SOLE DISPOSITIVE POWER
       
     
    0
       
    8.
    SHARED DISPOSITIVE POWER
       
     
    4,554
       
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
     
    4,554
       
    10.
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES    [ ]
       
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
       
     
    Less than 1%
       
    12.
    TYPE OF REPORTING PERSON
       
     
    PN


    1.
    NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
       
     
    Corsair Select, L.P.
       
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
     
    (a)    [x]
     
    (b)    [ ]
       
    3.
    SEC USE ONLY
       
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
     
    Delaware
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
       
    5.
    SOLE VOTING POWER
       
     
    0
       
    6.
    SHARED VOTING POWER
       
     
    38,132
       
    7.
    SOLE DISPOSITIVE POWER
       
     
    0
       
    8.
    SHARED DISPOSITIVE POWER
       
     
    38,132
       
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
     
    38,132
       
    10.
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES    [ ]
       
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
       
     
    Less than 1%
       
    12.
    TYPE OF REPORTING PERSON
       
     
    PN



    1.
    NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
       
     
    Corsair Select 100, L.P..
       
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
     
    (a)    [x]
     
    (b)    [ ]
       
    3.
    SEC USE ONLY
       
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
     
    Delaware
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
       
    5.
    SOLE VOTING POWER
       
     
    0
       
    6.
    SHARED VOTING POWER
       
     
    5,053
       
    7.
    SOLE DISPOSITIVE POWER
       
     
    0
       
    8.
    SHARED DISPOSITIVE POWER
       
     
    5,053
       
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
     
    5,053
       
    10.
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES    [ ]
       
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
       
     
    Less than 1%
       
    12.
    TYPE OF REPORTING PERSON
       
     
    PN


    1.
    NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
       
     
    Corsair Capital Investors, Ltd
       
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
     
    (a)    [x]
     
    (b)    [ ]
       
    3.
    SEC USE ONLY
       
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
     
    Cayman Islands
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
       
    5.
    SOLE VOTING POWER
       
     
    0
       
    6.
    SHARED VOTING POWER
       
     
    3,691
       
    7.
    SOLE DISPOSITIVE POWER
       
     
    0
       
    8.
    SHARED DISPOSITIVE POWER
       
     
    3,691
       
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
     
    3,691
       
    10.
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES    [ ]
       
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
       
     
    Less than 1%
       
    12.
    TYPE OF REPORTING PERSON
       
     
    CO


    1.
    NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
       
     
    Corsair Select Master Fund, Ltd
       
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
     
    (a)    [x]
     
    (b)    [ ]
       
    3.
    SEC USE ONLY
       
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
     
    Cayman Islands
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
       
    5.
    SOLE VOTING POWER
       
     
    0
       
    6.
    SHARED VOTING POWER
       
     
    5,162
       
    7.
    SOLE DISPOSITIVE POWER
       
     
    0
       
    8.
    SHARED DISPOSITIVE POWER
       
     
    5,162
       
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
     
    5,162
       
    10.
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES    [ ]
       
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
       
     
    Less than 1%
       
    12.
    TYPE OF REPORTING PERSON
       
     
    CO



    1.
    NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
       
     
    Corsair Capital Management, L.P.
       
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
     
    (a)    [x]
     
    (b)    [ ]
       
    3.
    SEC USE ONLY
       
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
     
    Delaware
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
       
    5.
    SOLE VOTING POWER
       
     
    0
       
    6.
    SHARED VOTING POWER
       
     
    90,752
       
    7.
    SOLE DISPOSITIVE POWER
       
     
    0
       
    8.
    SHARED DISPOSITIVE POWER
       
     
    90,752
       
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
     
    90,752
       
    10.
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES    [ ]
       
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
       
     
    Less than 1%
       
    12.
    TYPE OF REPORTING PERSON
       
     
    IA; PN


    1.
    NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
       
     
    Jay Petschek.
       
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
     
    (a)    [x]
     
    (b)    [ ]
       
    3.
    SEC USE ONLY
       
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
     
    United States
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
       
    5.
    SOLE VOTING POWER
       
     
    0
       
    6.
    SHARED VOTING POWER
       
     
    90,752
       
    7.
    SOLE DISPOSITIVE POWER
       
     
    0
       
    8.
    SHARED DISPOSITIVE POWER
       
     
    90,752
       
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
     
    90,752
       
    10.
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES    [ ]
       
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
       
     
    Less than 1%
       
    12.
    TYPE OF REPORTING PERSON
       
     
    IN



    1.
    NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
       
     
    Steven Major
       
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
     
    (a)    [x]
     
    (b)    [ ]
       
    3.
    SEC USE ONLY
       
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
     
    United States
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
       
    5.
    SOLE VOTING POWER
       
     
    0
       
    6.
    SHARED VOTING POWER
       
     
    90,752
       
    7.
    SOLE DISPOSITIVE POWER
       
     
    0
       
    8.
    SHARED DISPOSITIVE POWER
       
     
    90,752
       
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
     
    90,752
       
    10.
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES    [ ]
       
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
       
     
    Less than 1%
       
    12.
    TYPE OF REPORTING PERSON
       
     
    IN



    This statement was filed with respect to the common stock of Baudax Bio, Inc. (The “Issuer”) beneficially owned by the Reporting Persons identified below as of December 31, 2020.

    Item 1.
     
    (a)
    Name of Issuer:
    Baudax Bio, Inc
     
     
       
     
    (b)
    Address of Issuer’s Principal Executive Offices:
    490 Lapp Road
    Malvern, PA 19355
    United States
     
     
       
    Item 2.
     
    (a)
    Name of Person Filing
    The names of the persons filing this statement on Schedule 13G (collectively, the “Reporting Persons”) are:
    •  Corsair Capital Partners, L.P. (“Corsair Capital”)
    •  Corsair Capital Partners 100, L.P. (“Corsair 100”)
    •  Corsair Select L.P. (“Corsair Select”)
    •  Corsair Select 100 L.P. (“Select 100”)
    •  Corsair Capital Investors, Ltd (“Corsair Investors”)
    •  Corsair Select Master Fund, Ltd. (“Select Master”)
    •  Corsair Capital Management, L.P. (“Corsair Management”)
    •  Jay R. Petschek (“Mr. Petschek”) and
    •  Steven Major (“Mr. Major”)
     
    Corsair Management acts as the investment manager of Corsair Capital, Corsair 100, Corsair Select, Select 100, Corsair Investors and Select Master.  Messrs. Petschek and Major are the controlling persons of Corsair Management.
     
       
     
    (b)
    Address of the Principal Office or, if none, residence
     The principal business address for each of Corsair Capital, Corsair 100, Corsair Select, Select 100,  Corsair Management, Mr. Petschek and Mr. Major is 366 Madison Ave, 12th floor, New York, NY 10017.
     
    The principal business address for each of Corsair Investors and Select Master is M&C Corporate Services Ltd, Box 309, George Town, Cayman Islands KY1-1104.
     
       
     
    (c)
    Citizenship
    Each of Corsair Capital, Corsair 100, Corsair Select, Select 100 and Corsair Management is a limited partnership formed under the laws of the State of Delaware.  Each of Corsair Investors and Select Master is an exempted company formed under the laws of the Cayman Islands.  Each of Mr. Petschek and Mr. Major is a citizen of the United States.
     
       
     
    (d)
    Title of Class of Securities
    Common Stock, $0.01 par value per share (“Common Stock”)
     
       
     
    (e)
    CUSIP Number
    07160F107
     
     
       
    Item 3.  If this statement is filed pursuant to 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
    Not Applicable.

    Item 4.  Ownership.
             
     
    (a)
     
    Amount beneficially owned:  Collectively, the Reporting Persons beneficially own 90,752 shares of Common Stock.
    •  Corsair Capital individually owns 34,160 shares of Common Stock.
    •  Corsair 100 individually owns 4,554 shares of Common Stock.
    •  Corsair Select individually owns 38,132 shares of Common Stock.
    •  Select 100 individually owns 5,053 shares of Common Stock.
    •  Corsair Investors individually owns 3,691 shares of Common Stock.
    •  Select Master individually owns 5,162 shares of Common Stock.
           •   Corsair Management, as the investment manager of each of Corsair Capital, Corsair 100, Corsair Select, Select 100, Corsair Investors and Select Master  is deemed to beneficially own 90,752 shares of Common Stock.
         
    •  Mr. Petschek, as a controlling person of Corsair Management, is deemed to individually beneficially own 90,752 shares of Common Stock.
    •  Mr. Major, as a controlling person of Corsair Management, is deemed to individually beneficially own 90,752 shares of Common Stock.
     
           
     
    (b)
     
    Percent of class:  Collectively, the Reporting Persons beneficially own 90,752 shares of Common Stock, representing less than 1% of all of the outstanding shares of Common Stock based on the 26,238,825 outstanding shares of Common Stock as reported on the Issuer’s Form 10-Q filed on November 9, 2020.
     
    Corsair Capital’s individual ownership of 34,160 shares of Common Stock represents less than 1% of all the outstanding shares of Common Stock.
     
    Corsair 100’s individual ownership of 4,554 shares of Common Stock represents less than 1% of all the outstanding shares of Common Stock.
     
    Corsair Select’s individual ownership of 38,132 shares of Common Stock represents less than 1% of all the outstanding shares of Common Stock.
     
    Select 100’s individual ownership of 5,053 shares of Common Stock represents less than 1% of all the outstanding shares of Common Stock.
     
    Corsair Investors’ individual ownership of 3,691 shares of Common Stock represents less than 1% of all the outstanding shares of Common Stock.
     
    Select Master’s individual ownership of 5,162 shares of Common Stock represents less than 1% of all the outstanding shares of Common Stock.
     
    Corsair Management’s beneficial ownership of 90,752 shares of Common Stock represents less than 1% of all the outstanding shares of Common Stock.
     
    The 90,752 shares of Common Stock deemed to be beneficially owned by Mr. Petschek represents less than 1% of all the outstanding shares of Common Stock.
     
    The 90,752 shares of Common Stock deemed to be beneficially owned by Mr. Major represents less than 1% of all the outstanding shares of Common Stock.
     
           
     
    (c)
     
    Number of shares as to which the person has:  
     
           
     
     
     
    (i)
    Sole power to vote or to direct the vote shares of Common Stock
     
    Not Applicable
     
           
     
     
     
    (ii)
    Shared power to vote or to direct the vote.
     
    Corsair Capital, Corsair Management, Mr. Petschek and Mr. Major have shared power to vote or direct the vote for 34,160 shares of common Stock owned by Corsair Capital.
     
    Corsair 100, Corsair Management, Mr. Petschek and Mr. Major have shared power to vote or direct the vote for 4,554 shares of common Stock owned by Corsair 100.
     
    Corsair Select, Corsair Management, Mr. Petschek and Mr. Major have shared power to vote or direct the vote for 38,132 shares of common Stock owned by Corsair Select.
     
    Select 100, Corsair Management, Mr. Petschek and Mr. Major have shared power to vote or direct the vote for 5,053 shares of common Stock owned by Select 100.
     
    Capital Investors, Corsair Management, Mr. Petschek and Mr. Major have shared power to vote or direct the vote for 3,691 shares of common Stock owned by Corsair Investors.
     
    Select Master, Corsair Management, Mr. Petschek and Mr. Major have shared power to vote or direct the vote for 5,162 shares of common Stock owned by Select Master.
     
     
           


     
     
     
    (iii)
    Sole power to dispose or to direct the disposition of shares of Common Stock
    Not Applicable
     
           
     
     
     
    (iv)
    Shared power to dispose or to direct the disposition of:
     
    Corsair Capital, Corsair Management, Mr. Petschek and Mr. Major have shared power to dispose or direct the disposition of the 34,160 shares of common Stock owned by Corsair Capital.
     
    Corsair 100, Corsair Management, Mr. Petschek and Mr. Major have shared power to dispose or direct the disposition of the 4,554 shares of common Stock owned by Corsair 100.
     
    Corsair Select, Corsair Management, Mr. Petschek and Mr. Major have shared power to dispose or direct the disposition of the 38,132 shares of common Stock owned by Corsair Select.
     
    Select 100, Corsair Management, Mr. Petschek and Mr. Major have shared power to dispose or direct the disposition of the 5,053 shares of common Stock owned by Select 100.
     
    Capital Investors, Corsair Management, Mr. Petschek and Mr. Major have shared power to dispose or direct the disposition of the 3,691 shares of common Stock owned by Corsair Investors.
     
    Select Master, Corsair Management, Mr. Petschek and Mr. Major have shared power to dispose or direct the disposition of the 5,162 shares of common Stock owned by Select Master.
     
     
           
    Item 5.  Ownership of Five Percent or Less of a Class.
    If this statement is being filed to report the fact that as of the date hereof the Reporting Person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].
    Item 6.  Ownership of More than Five Percent on Behalf of Another Person.
    Not Applicable.
    Item 7.  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
    Not Applicable.
    Item 8.  Identification and Classification of Members of the Group.
    See Exhibits A and B of the Schedule 13G filed with the Securities and Exchange Commission on December 12, 2019.
    Item 9.  Notice of Dissolution of Group.
    Not Applicable.
    Item 10.  Certification.
    By signing below the undersigned certifies that, to the best of its or his knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.




    Signature

    After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.


    Dated February 16, 2021
    CORSAIR CAPITAL PARTNERS, L.P.
    By: Corsair Capital Advisors, L.L.C.,
    General Partner

    By: /s/ Jay R. Petschek                                
     Jay R. Petschek, Managing Member

    CORSAIR CAPITAL PARTNERS 100, L.P.
    By: Corsair Capital Advisors, L.L.C.,
    General Partner

    By: /s/ Jay R. Petschek                                
     Jay R. Petschek, Managing Member


    CORSAIR SELECT, L.P.
    By: Corsair Select Advisors, L.L.C.,
    General Partner

    By: /s/ Jay R. Petschek                                
     Jay R. Petschek, Managing Member


    CORSAIR SELECT 100, L.P.
    By: Corsair Select Advisors, L.L.C.,
    General Partner

    By: /s/ Jay R. Petschek                                
     Jay R. Petschek, Managing Member


    CORSAIR CAPITAL INVESTORS, LTD.
    By: Corsair Capital Management, L.P.,
    Attorney-in-Fact
    By: Corsair Capital Management GP, L.L.C.,
    General Partner

    By: /s/ Jay R. Petschek                                
     Jay R. Petschek, Managing Member


    CORSAIR SELECT MASTER FUND, LTD.
    By: Corsair Capital Management, L.P.,
    Attorney-in-Fact
    By: Corsair Capital Management GP, L.L.C.,
    General Partner

    By: /s/ Jay R. Petschek                                
     Jay R. Petschek, Managing Member








    CORSAIR CAPITAL MANAGEMENT, LP.
    By: Corsair Capital Management GP, L.L.C.,
    General Partner

    By: /s/ Jay R. Petschek                                
     Jay R. Petschek, Managing Member



    /s/ Jay R. Petschek                                
    Jay R. Petschek                                     

    /s/ Steven Major                                    
    Steven Major                                        


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    $BXRX

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    $BXRX
    Leadership Updates

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    • Cosette Pharmaceuticals Appoints Rick Casten as CFO Amid Transformational Growth

      Experienced financial executive will build on growth trajectory Cosette Pharmaceuticals, Inc., a New Jersey-based specialty pharmaceutical company, today announced the appointment of Rick Casten as Chief Financial Officer (CFO), bolstering its executive leadership team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220706005044/en/Rick Casten, SVP and Chief Financial Officer, Cosette Pharmaceuticals (Photo: Business Wire) "I am excited to have Rick Casten join our team, with his more than two decades of experience in helping drive long term performance gains and financial growth. Rick joins Cosette at a pivotal inflection point

      7/6/22 8:15:00 AM ET
      $BXRX
      Misc Health and Biotechnology Services
      Health Care
    • Baudax Bio Strengthens Management Team with Appointment of Richard S. Casten as Chief Financial Officer

      MALVERN Pa., March 08, 2021 (GLOBE NEWSWIRE) -- Baudax Bio, Inc. (NASDAQ:BXRX), a pharmaceutical company focused on therapeutics for acute care settings, today announced the appointment of Richard S. Casten, CPA, MBA as Chief Financial Officer. In this role, Mr. Casten will be responsible for leading and directing the financial activities of the Company. Mr. Casten brings to Baudax 25 years of diversified financial experience across pharmaceutical, Fortune 500 consumer products and public accounting. He replaces Ryan D. Lake, CPA who is transitioning to full time Chief Financial Officer for Recro. “I am delighted to welcome Richard to the Baudax team and believe his expertise and leadersh

      3/8/21 7:00:00 AM ET
      $BXRX
      Misc Health and Biotechnology Services
      Health Care

    $BXRX
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    • Baudax Bio Announces Corporate Update

      Company Poised to Initiate TI-168 Clinical Development Following Recent Shareholder Approval of Corporate Actions Related to TeraImmune Acquisition Phase 1/2a Clinical Study of TI-168 In Hemophilia A with FVIII Inhibitors Projected to Begin Q1 2024 MALVERN, Pa., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Baudax Bio, Inc. (the "Company" or "Baudax Bio") (NASDAQ:BXRX), a biotechnology company focused on developing T cell receptor ("TCR") therapies utilizing human regulatory T cells ("Tregs"), as well as a portfolio of clinical stage Neuromuscular Blocking Agents ("NMBs") and an associated reversal agent, today announced that following recent shareholder approval of corporate actions related to

      10/18/23 8:00:00 AM ET
      $BXRX
      Misc Health and Biotechnology Services
      Health Care
    • Baudax Bio Announces Orphan Drug Designation Granted by U.S. FDA for TI-168 for the Treatment of Hemophilia A with Inhibitors

      MALVERN, Pa., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Baudax Bio, Inc. (the "Company" or "Baudax Bio") (NASDAQ:BXRX), a biotechnology company focused on developing T cell receptor ("TCR") therapies utilizing human regulatory T cells ("Tregs"), as well as a portfolio of clinical stage Neuromuscular Blocking Agents ("NMBs") and an associated reversal agent, today announced that U.S. Food and Drug Administration (FDA) has granted orphan drug designation to its lead clinical candidate TI-168 for the treatment of Hemophilia A with inhibitors. TI-168 is the Company's next-generation, FVIII specific Treg therapy designed to reliably and effectively address Hemophilia A patients with FVIII inhibitors.

      9/28/23 8:00:00 AM ET
      $BXRX
      Misc Health and Biotechnology Services
      Health Care
    • Baudax Bio to Participate in the H.C. Wainwright Global Investment Conference

      MALVERN, Pa., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Baudax Bio, Inc. (the "Company" or "Baudax Bio") (NASDAQ:BXRX), a biotechnology company focused on developing T cell receptor ("TCR") therapies utilizing human regulatory T cells ("Tregs"), as well as a portfolio of clinical stage Neuromuscular Blocking Agents ("NMBs") and an associated reversal agent, today announced that that the Company's management will be participating in the 25th Annual H.C. Wainwright Global Investment Conference, to be held September 11-13, 2023 in New York, NY. Gerri Henwood, President & Chief Executive Officer of Baudax Bio, will give a pre-recorded presentation highlighting the Company's cellular therapy progra

      9/7/23 8:00:00 AM ET
      $BXRX
      Misc Health and Biotechnology Services
      Health Care

    $BXRX
    Insider Trading

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    $BXRX
    Large Ownership Changes

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    SEC Filings

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    • SEC Form 3 filed by new insider Mcandrew Natalie

      3 - Baudax Bio, Inc. (0001780097) (Issuer)

      10/11/23 4:47:44 PM ET
      $BXRX
      Misc Health and Biotechnology Services
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    • SEC Form 3: New insider Kim Yong Chan claimed ownership of 202,260 shares

      3 - Baudax Bio, Inc. (0001780097) (Issuer)

      7/13/23 4:21:37 PM ET
      $BXRX
      Misc Health and Biotechnology Services
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    • SEC Form 4: Henwood Geraldine bought $3,057 worth of shares (1,200 units at $2.55), increasing direct ownership by 98% to 2,427 units

      4 - Baudax Bio, Inc. (0001780097) (Issuer)

      12/19/22 8:09:42 AM ET
      $BXRX
      Misc Health and Biotechnology Services
      Health Care
    • SEC Form SC 13G/A filed by Baudax Bio Inc. (Amendment)

      SC 13G/A - Baudax Bio, Inc. (0001780097) (Subject)

      2/14/24 10:25:34 AM ET
      $BXRX
      Misc Health and Biotechnology Services
      Health Care
    • SEC Form SC 13G/A filed by Baudax Bio Inc. (Amendment)

      SC 13G/A - Baudax Bio, Inc. (0001780097) (Subject)

      2/6/24 11:12:01 AM ET
      $BXRX
      Misc Health and Biotechnology Services
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    • SEC Form SC 13G/A filed by Baudax Bio Inc. (Amendment)

      SC 13G/A - Baudax Bio, Inc. (0001780097) (Subject)

      7/10/23 5:12:03 PM ET
      $BXRX
      Misc Health and Biotechnology Services
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    • SEC Form 8-K filed by Baudax Bio Inc.

      8-K - Baudax Bio, Inc. (0001780097) (Filer)

      2/28/24 6:15:52 AM ET
      $BXRX
      Misc Health and Biotechnology Services
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    • SEC Form 25-NSE filed by Baudax Bio Inc.

      25-NSE - Baudax Bio, Inc. (0001780097) (Subject)

      2/15/24 8:53:22 AM ET
      $BXRX
      Misc Health and Biotechnology Services
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    • Baudax Bio Inc. filed SEC Form 8-K: Other Events

      8-K - Baudax Bio, Inc. (0001780097) (Filer)

      12/12/23 9:52:05 PM ET
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      Misc Health and Biotechnology Services
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    Financials

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    • Baudax Bio Announces Distribution of Series C Preferred Stock to Holders of its Common Stock

      MALVERN, Pa., Aug. 23, 2023 (GLOBE NEWSWIRE) -- Baudax Bio, Inc. (the "Company" or "Baudax Bio") (NASDAQ:BXRX), a biotechnology company focused on developing T cell receptor ("TCR") therapies utilizing human regulatory T cells ("Tregs"), as well as a portfolio of clinical stage Neuromuscular Blocking Agents ("NMBs") and an associated reversal agent, today announced that its Board of Directors declared a dividend of one one-thousandth of a share of newly designated Series C Preferred Stock, par value $0.01 per share, for each outstanding share of the Company's common stock held of record as of 5:00 p.m. Eastern Time on September 5, 2023. The shares of Series C Preferred Stock will be distri

      8/23/23 8:00:00 AM ET
      $BXRX
      Misc Health and Biotechnology Services
      Health Care
    • Baudax Bio Acquires TeraImmune, Inc.

      TeraImmune, an Advanced Treg Research Company, headed by Yong Chan Kim, Ph D, brings an approved Treg IND to the Strong Development team from Baudax Baudax Bio CEO Gerri Henwood to Serve as CEO of Combined Entity MALVERN, Pa., June 30, 2023 (GLOBE NEWSWIRE) --  Baudax Bio, Inc. (NASDAQ:BXRX) ("Baudax Bio" or the "Company"), a pharmaceutical company focused on innovative products for acute care and related settings, today announced the acquisition of TeraImmune, a privately held a biotechnology company focused on discovery and development of novel Treg-based cell therapies for autoimmune diseases. "This combination blends the world class scientific expertise of the TeraImmune team with

      6/30/23 8:00:00 AM ET
      $BXRX
      Misc Health and Biotechnology Services
      Health Care
    • Baudax Bio Announces Date of Reconvened Annual Meeting

      MALVERN, Pa., June 06, 2023 (GLOBE NEWSWIRE) -- Baudax Bio, Inc. (NASDAQ:BXRX) (the "Company"), a pharmaceutical company focused on innovative products for acute care and related settings, recently announced that it has adjourned its Annual Meeting of Shareholders (the "Annual Meeting") without any business being conducted, due to lack of shareholder participation resulting in a failure to reach required quorum. The Annual Meeting will reconvene at 9:00 a.m. Eastern time on June 23, 2023 and will continue to be held virtually at www.virtualshareholdermeeting.com/BXRX2023. The record date for determining shareholders eligible to vote at the Special Meeting will remain the close of business

      6/6/23 9:00:00 AM ET
      $BXRX
      Misc Health and Biotechnology Services
      Health Care