Soligenix Inc (SNGX) Now Covered by HC Wainwright

HC Wainwright began coverage on shares of Soligenix Inc (OTC:SNGX) in a research note published on Monday, July 17th, MarketBeat reports. The brokerage issued a buy rating and a $11.00 price objective on the stock.

Separately, Maxim Group reiterated a buy rating and issued a $4.00 target price on shares of Soligenix in a research note on Monday, June 19th.

Shares of Soligenix (OTC SNGX) traded down 9.13% during trading on Monday, reaching $2.04. The company had a trading volume of 128,611 shares. The firm has a 50-day moving average of $2.26 and a 200-day moving average of $2.45. The company’s market cap is $11.57 million. Soligenix has a 12-month low of $1.90 and a 12-month 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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