Soligenix

Soligenix

SNGX
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SNGX · Stock Price

USD 0.31-0.89 (-74.17%)
Market Cap: $3.1M

Historical price data

Market Cap: $3.1MPipeline: 12 drugs (4 Phase 3)Founded: 1987Employees: 11-50HQ: Princeton, United States

Overview

Soligenix, Inc. is a late-stage biopharmaceutical company with a bifurcated strategy targeting high-value niches. Its mission is to develop and commercialize novel therapies for rare diseases with significant unmet medical needs, particularly in cutaneous T-cell lymphoma and oral mucositis, while leveraging U.S. government funding to advance a portfolio of biodefense countermeasures. The company's key achievements include positive Phase 3 results for its lead asset, SGX301, and the receipt of multiple government grants and contracts supporting its public health pipeline. Soligenix's strategy is to de-risk development through non-dilutive government funding, advance its late-stage clinical assets toward regulatory submissions, and seek strategic partnerships for commercialization.

OncologyInflammation/ImmunologyInfectious DiseaseBiodefense

Technology Platform

Proprietary platforms include Synthetic Hypericin Photodynamic Therapy for targeted oncology, Innate Defense Regulators for immunomodulation, and a Thermostabilization Technology enabling cold-chain-independent vaccines and biologics.

Pipeline

12
12 drugs in pipeline4 in Phase 3
DrugIndicationStageWatch
SGX942 + PlaceboSquamous Cell Carcinoma of the Oral Cavity and OropharynxPhase 3
SGX301 (synthetic hypericin) + PlaceboCutaneous T-Cell LymphomaPhase 3
Hypericin + PlaceboCTCL/ Mycosis FungoidesPhase 3
oral beclomethasone 17,21-dipropionate + PlaceboAcute Gastrointestinal Graft vs Host DiseasePhase 3
Hypericin + Mechlorethamine Topical GelCutaneous T-Cell Lymphoma/Mycosis FungoidesPhase 2

Funding History

3
Total raised:$32M
PIPE$3M
PIPE$5M
Grant$24M

Opportunities

Near-term NDA submission for SGX301 in CTCL offers a major value inflection point and potential partnership.
The large, unmet need in oral mucositis presents blockbuster commercial potential for SGX942.
Sustained government funding for biodefense programs provides non-dilutive capital and de-risks a significant part of the pipeline.

Risk Factors

High risk of clinical/regulatory failure for lead assets; limited cash runway necessitates dilutive financings in a difficult market; as a pre-revenue company with no sales force, successful commercialization is entirely dependent on securing a strategic partnership.
Government funding is subject to political and budgetary uncertainty.

Competitive Landscape

In CTCL, SGX301's key differentiator is its safety profile versus DNA-damaging UV therapies. In oral mucositis, it faces no approved pharmacologic competitors, aiming to be first-in-class. In biodefense, competition is limited but success hinges on meeting specific government procurement needs, where its thermostability platform is a key advantage.

Company Timeline

1987Founded

Founded in Princeton, United States

2016Grant

Grant: $24.0M

2020PIPE

PIPE: $5.0M