Soligenix Inc Stock Price, News & Analysis

Soligenix, Inc. (SNGX) secured a $20 million convertible debt financing agreement with Pontifax Medison Debt Financing. The deal enhances Soligenix's financial flexibility as it progresses its rare disease pipeline, including SGX301 for cutaneous T-cell lymphoma and SGX942 for oral mucositis in head and neck cancer patients. The financing includes three tranches: $10 million drawn initially, and up to $10 million in two additional tranches, contingent upon milestones. The first two tranches can be converted to equity at $4.10 and $4.92 per share respectively.

Soligenix, Inc. (Nasdaq: SNGX) announced significant advancements with its heat-stable ricin toxin vaccine, RiVax®. Recent studies demonstrated that vaccinated mice maintained protection for over 365 days against ricin exposure. This thermostabilization allows for easy stockpiling without cold chain logistics, making it ideal for military and civilian use. The vaccine, supported by over $40 million in non-dilutive funding, could qualify for FDA's Animal Rule approval. RiVax® has received Orphan Drug and Fast Track designations, enhancing its development pipeline for biodefense applications.

Soligenix, Inc. (NASDAQ:SNGX) will present at the virtual Fall Investor Summit from November 16-18, 2020. This summit features 75 companies and over 300 investors, providing a platform for small and micro-cap companies to connect with qualified investors. Soligenix focuses on developing treatments for rare diseases and includes products like SGX301 for cutaneous T-cell lymphoma and SGX942 for oral mucositis. The company also advances vaccine candidates targeting various infections, supported by government funding.

Soligenix, Inc. (Nasdaq: SNGX) reported its Q3 2020 financial results, highlighting recent achievements in clinical trials for SGX301 and SGX942. SGX301 demonstrated a statistically significant response for early-stage cutaneous T-cell lymphoma in a pivotal Phase 3 trial, with plans for FDA submission. Revenue for the quarter was $0.6 million, a decline from $1.3 million in Q3 2019. The net loss narrowed to $1.8 million, down from $2.7 million last year. The company holds approximately $11.3 million in cash, positioning it for future developments within its rare disease pipeline.

Soligenix, a late-stage biopharmaceutical company focused on rare diseases, will present at upcoming virtual investor conferences. CEO Christopher J. Schaber will speak at the Virtual Fall Investor Summit on November 17, 2020, at 9:30 AM ET. Another presentation is scheduled for the A.G.P. Virtual Healthcare Symposium on November 19, 2020. Soligenix develops innovative therapies, including SGX301 for cutaneous T-cell lymphoma and SGX942 for oral mucositis. The company is also advancing a ricin toxin vaccine and therapies for antibiotic-resistant infections.

Soligenix announced significant progress in its Phase 3 FLASH study of SGX301 for treating cutaneous T-cell lymphoma (CTCL). Continued treatment for 6 months showed a 49% response rate, increasing from 40% in the previous cycle. Key findings include effective treatment of both patch and plaque lesions, with 66% of patients opting for extended therapy. The drug's safety profile remains robust, with no systemic hypericin detected. Soligenix is preparing for FDA application while targeting commercialization or partnerships for SGX301, emphasizing its potential as a transformative therapy.

Soligenix, a late-stage biopharmaceutical company, announced that Christopher J. Schaber, Ph.D., its CEO, will present at the BIO Investor Forum from October 13-15, 2020. The presentation will be available on-demand for attendees. Soligenix focuses on developing products for rare diseases, including SGX301 for cutaneous T-cell lymphoma and dusquetide for oral mucositis in head and neck cancer. Their Public Health Solutions segment includes a ricin toxin vaccine and other vaccine candidates for emerging infectious diseases. For more details, visit www.soligenix.com.

Soligenix, Inc. (Nasdaq: SNGX) announced the publication of nonclinical results on filovirus protein antigens, including for Ebola and Marburg viruses, revealing successful thermostabilization. Collaborative research with the University of Colorado and University of Hawaiʻi at Mānoa indicates that heat-stable vaccine formulations can be developed, maintaining stability for 12 weeks at 40°C. The company aims to expedite its Marburg virus vaccine evaluations. This advancement aligns with their joint COVID-19 vaccine effort, CiVax™, to enhance vaccine distribution reliability in regions with unstable power supplies.

Soligenix, Inc. (Nasdaq: SNGX) hosted an investor webcast on September 10, 2020, showcasing its COVID-19 vaccine candidate, CiVax™, developed from its thermostabilized glycoprotein vaccine platform. Collaborating with the University of Hawaiʻi, the platform focuses on multivalent vaccines, showing potential for broad applicability, particularly for vulnerable populations. Preclinical results indicate strong immune responses following vaccination. The company aims to address urgent needs for effective COVID-19 prevention amidst the pandemic.