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Soligenix, Inc. (NASDAQ:SNGX), a late-stage biopharmaceutical company with a market capitalization of just $6.18 million, has seen its stock price touch a 52-week low, reaching $1.74. This price level reflects a significant downturn for the company, which has experienced a -74.09% change over the past year. Investors have been closely monitoring Soligenix’s performance, as the company navigates through a challenging market environment. According to InvestingPro data, the stock shows high volatility with a beta of 2.03, while analysts maintain a price target of $35. The company’s overall financial health score is rated as WEAK, with its stock price reflecting investor sentiment and the broader industry trends that have impacted its market value. The 52-week low serves as a critical indicator for the company’s valuation and could potentially attract attention from bargain-seeking investors or signal caution for those considering the stock’s future trajectory. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with 10+ additional ProTips available to help investors make informed decisions about this volatile stock.
In other recent news, Soligenix, Inc. has reported its financial results for the year ending December 31, 2024, revealing revenues of $0.1 million, a decrease from $0.8 million the previous year, primarily due to the timing of government grant funding. The company experienced a net loss of $8.3 million, or ($4.98) per share, compared to a net loss of $6.1 million, or ($12.66) per share, the previous year, with the change in per-share loss reflecting a reverse stock split. Soligenix’s research and development expenses rose to $5.2 million, mainly due to the initiation of new clinical trials. In other developments, Soligenix announced the full repayment and termination of its Loan and Security Agreement with Pontifax Medison Finance, releasing the company from all related obligations. This financial milestone allows Soligenix to move forward without the debt obligations that were previously secured by the company’s assets. Additionally, Soligenix’s CiVax™ vaccine has shown promising results in providing broad protection against COVID-19 variants when used as a booster. The vaccine’s heat-stable properties, developed using the ThermoVax® platform, could simplify global distribution, particularly in regions with limited refrigeration facilities. These updates are based on recent press release statements from Soligenix, Inc.
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