Soligenix

Soligenix

SNGXPhase 3

Soligenix operates through two core business segments: a Specialized BioTherapeutics division developing treatments for rare diseases, and a Public Health Solutions division focused on medical countermeasures against biological and chemical threats. The company's lead candidate, HyBryte™ (SGX301), has demonstrated positive Phase 3 results for cutaneous T-cell lymphoma and is positioned as a potential first-in-class photodynamic therapy. With a diversified pipeline spanning oncology, infectious diseases, and biodefense, Soligenix leverages government grants and strategic collaborations to advance its development programs while managing financial resources carefully.

Market Cap
$5.4B
Employees
11-50
Focus
Biotech

SNGX · Stock Price

USD 532.804243.20 (-88.84%)

Historical price data

AI Company Overview

Soligenix operates through two core business segments: a Specialized BioTherapeutics division developing treatments for rare diseases, and a Public Health Solutions division focused on medical countermeasures against biological and chemical threats. The company's lead candidate, HyBryte™ (SGX301), has demonstrated positive Phase 3 results for cutaneous T-cell lymphoma and is positioned as a potential first-in-class photodynamic therapy. With a diversified pipeline spanning oncology, infectious diseases, and biodefense, Soligenix leverages government grants and strategic collaborations to advance its development programs while managing financial resources carefully.

Technology Platform

Proprietary platforms include Synthetic Hypericin Photodynamic Therapy (SGX301) for oncology, a Thermostabilization Technology for vaccines, and an Oral Innate Defense Regulator (SGX942) platform for modulating inflammatory responses.

Pipeline Snapshot

12

12 drugs in pipeline, 4 in Phase 3

DrugIndicationStage
SGX942 + PlaceboSquamous Cell Carcinoma of the Oral Cavity and OropharynxPhase 3
Hypericin + PlaceboCTCL/ Mycosis FungoidesPhase 3
SGX301 (synthetic hypericin) + PlaceboCutaneous T-Cell LymphomaPhase 3
oral beclomethasone 17,21-dipropionate + PlaceboAcute Gastrointestinal Graft vs Host DiseasePhase 3
Hypericin + PlaceboPsoriasisPhase 2

Funding History

3

Total raised: $32M

PIPE$3MUndisclosedDec 15, 2021
PIPE$5MUndisclosedJun 15, 2020
Grant$24MNational Institute of Allergy and Infectious DiseasesJun 15, 2016

Opportunities

Near-term opportunity for value creation lies in the NDA submission and potential U.S.
approval and commercialization of HyBryte™ for CTCL.
Long-term opportunities include label expansion for HyBryte™, advancement of the oral mucositis candidate, and securing government procurement contracts for its biodefense vaccines and therapeutics.

Risk Factors

High financial risk due to pre-revenue status and limited cash runway, requiring future dilutive capital raises.
Regulatory risk associated with HyBryte™ NDA review and approval.
Commercialization risk for its first product.
Dependency on government funding for biodefense programs, which is subject to political and budgetary uncertainty.

Competitive Landscape

In CTCL, HyBryte™ competes with UV-based phototherapies and topical chemotherapies, differentiating itself with a visible light mechanism that avoids DNA damage and carcinogenic risk. In biodefense, it competes for government contracts with other biotech firms, leveraging its validated thermostabilization platform as a key differentiator for vaccine development.

Company Info

TypeTherapeutics
Founded1987
Employees11-50
LocationPrinceton, United States
StagePhase 3
RevenuePre-revenue

Trading

TickerSNGX
ExchangeNASDAQ

Therapeutic Areas

OncologyInfectious DiseaseInflammatory DiseaseBiodefense

Partners

National Institutes of Health (NIH)National Institute of Allergy and Infectious Diseases (NIAID)Biomedical Advanced Research and Development Authority (BARDA)
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