Soligenix Announces Recent Accomplishments And Third Quarter 2024 Financial Results
PRINCETON, N.J., Nov. 8, 2024 /PRNewswire/ -- Soligenix, Inc. (NASDAQ:SNGX) (Soligenix or the Company), a late-stage biopharmaceutical company focused on developing and commercializing products to treat rare diseases where there is an unmet medical need, announced today its recent accomplishments and financial results for the quarter ended September 30, 2024.
"We remain focused on multiple clinical activities and upcoming milestones, including the initiation of our confirmatory Phase 3 placebo-controlled study evaluating HyBryte™ (synthetic hypericin) in the treatment of early-stage cutaneous T-cell lymphoma (CTCL) before yearend," stated Christopher J. Schaber, PhD, President and Chief Executive Officer of Soligenix. Additionally, we are set to initiate a Phase 2 study for SGX945 (dusquetide) in Behçet's disease shortly, with top-line results expected in the first half of 2025, which will be accompanied by data readout from our ongoing SGX302 (synthetic hypericin) Phase 2 study in mild-to-moderate psoriasis in the first half as well."
Dr. Schaber continued, "With approximately $9.8 million in cash at September 30, 2024, we continue to prioritize resource allocation to achieve our goals. While we remain focused on our future, we are diligently pursuing strategies to enhance long-term shareholder value, including strategic partnerships and mergers and acquisitions."
Soligenix Recent Accomplishments
On October 22, 2024, the Company announced that the Hong Kong Patent Office had granted the patent entitled "Systems and Methods for Producing Synthetic Hypericin", allowing claims for a novel proprietary process of producing highly purified synthetic hypericin. To view this press release, please click here.
On October 7, 2024, the Company announced its lead investigators from the University of Pennsylvania and the Rochester Skin Lymphoma Medical Group would present findings from recent supportive studies with HyBryte™ in the treatment of CTCL at the European Organisation for Research and Treatment of Cancer. To view this press release, please click here.
On October 3, 2024, the Company announced it has established a partnership agreement with Sterling Pharma Solutions to optimize and implement a commercially viable, scalable production technology for synthetic hypericin. To view this press release, please click here.
On September 3, 2024, the Company announced the European Patent Office had granted the patent entitled "Systems and Methods for Producing Synthetic Hypericin", allowing claims for a novel proprietary process of producing highly purified synthetic hypericin. To view this press release, please click here.
Financial Results, ...
