Soligenix Inc (SNGX) Earns “Buy” Rating from Maxim Group
Soligenix Inc (OTC:SNGX)‘s stock had its “buy” rating reissued by investment analysts at Maxim Group in a research note issued to investors on Monday, StockTargetPrices.com reports. They presently have a $4.00 price objective on the stock.
Shares of Soligenix (OTC:SNGX) traded up 8.4406% during trading on Monday, reaching $2.1905. The company had a trading volume of 53,284 shares. The company’s market cap is $12.42 million. The firm has a 50 day moving average price of $2.49 and a 200 day moving average price of $2.60. Soligenix has a 12 month low of $2.09 and a 12 month high of $14.40.
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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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