Something went wrong with the connection!

A Milestone Filled 2020 Sets Up Soligenix Inc. For Potentially Transformational Growth In 2021

 Breaking News
  • No posts were found

A Milestone Filled 2020 Sets Up Soligenix Inc. For Potentially Transformational Growth In 2021

July 20
10:20 2020

The first half of 2020 was a milestone filled season for Soligenix that may set the stage for transformational growth in 2021. In addition to statistically significant data from its SGX301 trial, Soligenix (NasdaqGS: SNGX) is nearing the completion of a second phase 3 trial, SGX942, targeting the treatment of oral mucositis in patients with head and neck cancer. That trial has completed patient enrollment after receiving positive recommendation from the DMC to enroll additional patients to maintain a 90% statistical power. Topline data is expected from that trial by the end of 2020. Notably, the company’s clinical and collaborative progress from assets and vaccine candidates within the company’s Public Health Solutions business segment is also earning headlines. It has the potential to position the company for substantial growth in the back half of the year. 

A video update captures several of the recent milestones reached by the Soligenix team, including the company’s completion of its SGX301 Phase 3 trial that showed statistically significant topline results in treating CTCL. Other updates include information from the company’s second Phase 3 trial, SGX942, and its Public Health Solutions business segment. 

Video Link: https://www.youtube.com/embed/AZ6Ugn725ME

Additional news from the company includes Chief Scientific Officer for Soligenix, Dr. Oreola Donini, who was featured at the Virtual Summit conference. She presented an overview of the company’s thermostabilized protein vaccine program. This platform is attracting significant attention by showing an ability to maintain a vaccine’s therapeutic potency even after exposure to temperatures as high as 40 degrees Celsius (104 degrees F). In particular, the stabilization technology is focused on the company’s RiVax® program. However, beyond showing promise to treat deadly ricin poisoning, the company is attracting interest in filling a potential niche opportunity to apply the thermostabilization technology to a COVID-19 vaccine candidate.

Soligenix announced expansion of its development collaboration with the University of Hawaii at Mānoa in pursuit of a heat-stable COVID-19 vaccine, called CiVax™. That followed a licensing agreement with Boston Scientific for its CoVaccine HT™ novel vaccine adjuvant in April. More headlines came when New Jersey Business Magazine noted in a June publication that the company’s vaccine candidates’ enhanced stability at elevated temperatures can lower the costs and logistical burdens associated with cold chain storage and distribution.

The company’s shares are now included in the Russell Microcap® Index, a listing that remains in place for one year and means automatic inclusion in the appropriate growth and value style indexes. 

Bottom Line For 2020

With several programs in focus, the second half of the year positions Soligenix to build on the positive momentum from the past two years. It also puts Soligenix in an excellent spot to create value from potential near term catalysts. News is expected by the end of the year for its Phase 3 SGX942 trial as well as possible updates from its Public Health Solutions Business segment.

Soligenix trades on the NasdaqGS market under the symbol SNGX. 

 

Disclaimer

This communication was produced by PCG Digital Holdings, LLC, and affiliate of PCG Advisory Inc., (together “PCG”). PCG is an integrated investor relations, communications and strategic advisory firm. The information contained on this may be ‘Paid Advertising’ for purposes of Section 17(b) of the Securities Act of 1933, as amended (together with the rules and regulations there under, the “Securities Act”). PCG may be compensated by respective clients for publicizing information relating to its client’s securities. For more information in terms of compensation received for services provided by PCG, see the pertinent advertising materials relating to the respective client. By accessing this Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy.

PCG is not a registered or licensed broker, dealer, broker-dealer, investment adviser nor investment manager, nor does PCG engage in any activities that would require such registrations. PCG does not provide investment advice, endorsement, analysis or recommendations with respect to any securities, and its services to or statements about its clients should never be construed as any endorsement of or opinion about any security of any client.  No information contained in this communication constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other similar product or service regardless of whether such security, product, or service is referenced in this communication. Further, nothing in this communication is intended to provide tax, legal, or investment advice and nothing in this communication should be construed as a recommendation to buy, sell or hold any investment or security or to engage in any investment strategy or transaction. For full disclaimers, including compensation received for professional services, please visit www.pcgadvisory.com/disclosures

Media Contact
Company Name: PCG Digital Holdings
Contact Person: Kenny Ellis
Email: Send Email
City: New York
State: New York
Country: United States
Website: https://pcgadvisory.com/

Related Articles

Calendar

April 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930  

Categories