Maxim Group Reiterates “Buy” Rating for Soligenix Inc (SNGX)

Soligenix Inc (OTC:SNGX)‘s stock had its “buy” rating reissued by Maxim Group in a research note issued on Friday, May 12th, reports. They presently have a $35.00 target price on the stock.

Soligenix (OTC:SNGX) traded down 2.42% on Friday, hitting $2.02. 67,125 shares of the stock traded hands. The company’s 50 day moving average price is $2.49 and its 200-day moving average price is $2.60. The stock’s market cap is $11.46 million. Soligenix has a 52-week low of $1.90 and a 52-week high of $8.50.

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Soligenix Company Profile

Soligenix, Inc is a late-stage biopharmaceutical company. The Company is focused on developing and commercializing products to treat rare diseases. The Company operates through two segments: BioTherapeutics and Vaccines/BioDefense. Its BioTherapeutics segment is developing a photodynamic therapy (SGX301) utilizing topical synthetic hypericin activated with safe visible light for the treatment of cutaneous T-cell lymphoma (CTCL), formulations of oral beclomethasone 17,21-dipropionate (BDP) for the prevention/treatment of gastrointestinal (GI) disorders characterized by severe inflammation, and its innate defense regulator (IDR) technology, dusquetide (SGX942) for the treatment of oral mucositis in head and neck cancer.

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