Soligenix Inc. (SNGX) Insider Spa Essetifin Buys 293,510 Shares
Soligenix Inc. (NASDAQ:SNGX) insider Spa Essetifin bought 293,510 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was bought at an average price of $2.12 per share, with a total value of $622,241.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Soligenix Inc. (NASDAQ:SNGX) traded up $0.05 during trading on Friday, reaching $2.08. 31,200 shares of the company were exchanged, compared to its average volume of 259,422. Soligenix Inc. has a 52-week low of $1.74 and a 52-week high of $5.08.
Soligenix (NASDAQ:SNGX) last released its quarterly earnings data on Monday, November 6th. The biopharmaceutical company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.15. Soligenix had a negative net margin of 90.93% and a negative return on equity of 112.81%. The company had revenue of $1.82 million during the quarter, compared to the consensus estimate of $1.36 million. equities analysts anticipate that Soligenix Inc. will post -1.28 EPS for the current year.
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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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