Market Globalist

Here’s why Soligenix, Inc. (SNGX) stock is Popping High today

Soligenix, Inc. (SNGX) stock gained Pediatric Investigation Plan (PIP) waiver for HyBryte™ (SGX301 or hypericin) by European Medicines Agency (EMA) after which the SNGX stock price saw an uptrend of 10.26% to reach $1.29 a share at the time of this writing. The stock went high in the previous trading session following the receival of $865,000in non-dilutive funding news and closed with a 4.46% gain. Let’s discuss more about SNGX stock.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

What’s Happening?

The Pediatric Investigation Plan waiver is for HyBryte™ which had been evaluated against early-stage cutaneous T-cell lymphoma(CTCL) in phase three clinical study. The phase three study has been successfully concluded recently. This Achievement will pace up the marketing approval process of Soligenix’s application across the globe. Soligenix management is looking forward to marketing approval as well as commercialization of HyBryte™ and the first target market would be the U.S market which would then followed by the European market.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!


Read More

Non-Dilutive Funding:

Soligenix stock Yesterday on June 9, 2021, announced the receival of $865,000 amount, in non-dilutive funding under the state of New Jersey’s Technology Business Tax Certificate Transfer Program. It’s the eleventh year that SNGX stock is receiving funding for net operating loss. Roughly $6.5 million non-dilutive funding has been received by SNGX stock in this period that has enabled the Soligenix stock to advance its rare disease pipeline.

Recent Developments by SNGX stock:

Financial View of  SNGX stock:

SNGX stock revenue reduced to $0.1 million for the first three months of 2021 from $0.9 million in the same period of the previous year. Its net loss for the recently reported quarter was $2.4 million, or ($0.06) per share. $1.4 million amount spent on research and development expenses and $0.9 million used in general and administrative expenses by the SNGX stock.SNGX stock’s cash position was  $30.5 million by the end of March 2021.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 


So far so good for SNGX stock as far as market sentiment is concerned. Soligenix is deeply focused on the treatment of CTCL via its HyBryte™. The stock is moving forward day by day and can be a good bet for investors in the long run.

Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free

Exit mobile version