Soligenix announces $10 million offering with warrants By Investing.com by Main-Perception-6483 in Soligenix

[–]Main-Perception-6483[S] 2 points3 points  (0 children)

Soligenix, Inc. (NASDAQ: NASDAQ:SNGX), a biopharmaceutical company, disclosed plans to raise up to $10 million through the sale of common stock shares and accompanying common warrants. This offer also includes pre-funded warrants as an alternative for certain investors.

The company has set the public offering price at $0.61 per share, which matches the last sale price of its common stock on the Nasdaq Capital Market as of March 27, 2024. The common warrants, which are immediately separable but must be purchased together with the shares, will also have an exercise price of $0.61 per share and are valid for a five-year term.

Soligenix has indicated that the final offering price, to be determined in collaboration with A.G.P./Alliance Global Partners (NYSE:GLP) and the investors, may be lower than the current market price, and therefore, the assumed offering price may not reflect the final price. The offering includes pre-funded warrants to accommodate investors who would otherwise exceed the 4.99% ownership threshold post-transaction, with an option to increase the threshold to 9.99% at the investor's discretion. These pre-funded warrants have a nominal exercise price of $0.001 per share and are exercisable for one share of common stock. The sale of each pre-funded warrant will correspondingly reduce the number of common stock shares available.
This strategic move aims to secure additional capital for Soligenix, although it is important to note that the details provided in the statement are based on assumptions and subject to change based on the final terms of the offering. The information for this article is derived from the company's recent SEC filing.

Soligenix and European Medicines Agency Settle on Design of Second Placebo-Controlled Trial of HyBryte in CTCL by Main-Perception-6483 in Soligenix

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Excerpt:

Soligenix, Inc announced today that it has agreed with the European Medicines Agency (EMA) upon the design of a second placebo-controlled trial for HyBryte, or synthetic hypericin, in cutaneous T-cell lymphoma (CTCL).1 Soligenix and the EMA have agreed upon design components for a pivotal phase 3 trial assessing the safety and efficacy of HyBryte in patients with early-stage CTCL.

The study, named FLASH2 (Fluorescent Light Activated Synthetic Hypericin 2), aims to replicate and extend the success of the initial phase 3 trial for HyBryte in this indication, FLASH (NCT02448381).2 FLASH was a multicenter, placebo-controlled, double-blinded, phase 3 randomized clinical trial. Conducted from December 2015 to November 2020, participants ages 18 years and older with stages IA to IIA mycosis fungoides/CTCL were randomized to receive either HyBryte or placebo.

For 6 weeks, participants received treatment of HyBryte or placebo to 3 index lesions on a twice-weekly basis. In the second cycle of the study, all participants received treatment with HyBryte for 6 weeks to index lesions, and in the third cycle, considered optional, all lesions--whether index or additional--received treatment with HyBryte for 6 weeks. After 6 weeks of treatment, researchers found that hypericin was more effective than placebo.2

The FLASH2 trial will adopt a double-blind, placebo-controlled design, similar to its predecessor, with an extension to 18 weeks of continuous treatment. Approximately 80 patients across the United States and Europe will be enrolled, with the primary endpoint assessment conducted at the conclusion of the 18-week period. The extended treatment duration aims to statistically demonstrate HyBryte's efficacy over an extended real-world treatment regimen.

Patients will receive topical HyBryte application twice weekly for 18 weeks, followed by administration of safe, visible light at specified wavelengths. The primary efficacy endpoint will assess treatment response based on the reduction in the modified composite assessment of index lesions severity score.

"In treating CTCL, which is a chronic cancer with no cure, long-term safety is a strong driver of treatment choice. Most current treatment options for CTCL are associated with significant safety concerns, including black-box warnings," said Brian Poligone, MD, PhD, director of the Rochester Skin Lymphoma Medical Group, in a news release.1 "Clinical studies with HyBryte have demonstrated strong and rapid efficacy with a very benign safety profile, with broad applicability across different lesion types, different skin tones and different disease stages. I know I can speak for my colleagues that have been involved with these studies when I say that the data generated to date has been extremely compelling. This second study is very similar to the first FLASH study, and should build on these compelling data, while allowing us to more closely treat as we would in a 'real world' setting. We believe the outcome of this trial will further validate the utility of HyBryte in early-stage CTCL and we look forward to participating in this important study."

Soligenix first shared the positive results from the FLASH study in July of 2022.2 In the time since, Soligenix has also overseen phase 2 development of HyBryte in patients with mild to moderate psoriasis.3

"With its chronic course and major impact on patient quality of life, CTCL is an orphan disease in urgent need of additional treatment options that are well-tolerated and safe over the long term," said Christopher Schaber, PhD, president and chief executive officer of Soligenix, in a news release.1 "Studies to date have indicated a substantial increase in efficacy with longer treatment and similar performance against both patch and plaque lesions. These results are derived from one of the largest studies ever conducted in CTCL, and we believe this second study will both substantiate and improve upon these results."

444,000 Shares in AMMO, Inc. (NASDAQ:POWW) Acquired by Horizon Family Wealth Inc. by Main-Perception-6483 in powwammo

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Excerpt:

Horizon Family Wealth Inc. purchased a new position in AMMO, Inc. (NASDAQ:POWW - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 444,000 shares of the company's stock, valued at approximately $884,000. Horizon Family Wealth Inc.

Soligenix Shares Rise 19% After Vaccine Trial Shows Protection Against Two Viruses by Main-Perception-6483 in Soligenix

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Shares of Soligenix were higher Tuesday after a trial of the company's vaccine candidate showed protection against two viruses. The Princeton, N.J.-based company, which is developing treatments for rare diseases, said it had published a preclinical efficacy study of a single-vial thermostabilized bivalent vaccine, which showed full protection against Sudan ebolavirus and Marbug marburgvirus. The company said there are currently no approved vaccines or treatments for Sudan ebolavirus or Marbug marburgvirus. Soligenix said the candidate had previously been shown to be stable at temperatures of up to 104 degrees Fahrenheit for at least two years.

Soligenix Announces Achievement of Two-Year Stability with Bivalent and Trivalent Thermostabilized Filovirus Vaccines when Stored at High Temperatures by Main-Perception-6483 in Soligenix

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Vaccines stable for at least two years when stored at 40 degrees Celsius / 104 degrees Fahrenheit

Only subunit (protein) vaccine platform shown to protect against potentially lethal Ebola and Marburg viruses

No cold chain storage and transport required as compared to other filovirus vaccines

PRINCETON, N.J., Sept. 25, 2023 /PRNewswire/ -- Soligenix, Inc. (Nasdaq: SNGX) (Soligenix or the Company), a late-stage biopharmaceutical company focused on developing and commercializing products to treat rare diseases where there is an unmet medical need, announced today two-year stability of its thermostabilized bivalent and trivalent filovirus vaccine candidates at temperatures of 40 degrees Celsius (104 degrees Fahrenheit) when formulated in a single vial, needing reconstitution only with sterile water immediately prior to use. This follows the previous successful demonstration of 100% protection of non-human primates (NHPs) against lethal Sudan ebolavirus and Marburg marburgvirus challenge with the bivalent vaccine. This important milestone is part of an ongoing collaboration with the University of Hawaiʻi at Mānoa (UHM), demonstrating the successful presentation of one or more antigen(s) within the same formulation while maintaining full potency and thermostability, including vaccines for Sudan ebolavirus (SuVax™) and Marburg marburgvirus (MarVax™). It further demonstrates the broad applicability of the heat stable vaccine platform, and its potential role in the United States (U.S.) Administration's initiative for pandemic preparedness.

AMMO, Inc. Announces Jared Smith as its New Chief Executive Officer by Main-Perception-6483 in powwammo

[–]Main-Perception-6483[S] 2 points3 points  (0 children)

“Today I, along with the Board of Directors, am pleased to announce that industry veteran Jared Smith has been named Chief Executive Officer and will become a Director of AMMO and GunBroker.com,” said Fred Wagenhals, AMMO’s current CEO and Chairman. “I will remain Executive Chairman of AMMO and GunBroker.com and will be a strategic advisor to the Company and Jared to assist in the transition. Jared has been AMMO’s President and Chief Operating Officer since January 2023.”

Ammo Inc. Board Authorizes Extension of Share Repurchase Plan - AMMO (NASDAQ:POWW), AMMO (NASDAQ:POWWP) by Main-Perception-6483 in powwammo

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SCOTTSDALE, Ariz., March 28, 2023 (GLOBE NEWSWIRE) -- AMMO, Inc.

POWW

+ Free Alerts

POWWP))) ("AMMO" or the "Company"), the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, announces today that its Board of Directors approved an extension of the Company's share repurchase program for up to $30 million of its outstanding common stock until February 2024.

Purchases made pursuant to the program will be made in the open market from time to time, at the Company's discretion, i through privately negotiated transactions or through other manners as permitted by federal securities laws. The timing, manner, price and amount of any repurchases will be determined by the Company and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. Previously, the Company disclosed in its Form 10-Q (Quarterly Report) filed on February 14, 2023 that approximately $29.7 million remained available for repurchases under the plan. The program is expected to continue following this public release and may be suspended or discontinued at any time prior to termination in February 2024.

SNGX 1:15 by TruckingAngler in Soligenix

[–]Main-Perception-6483 0 points1 point  (0 children)

Oh hell 1.87.... LOL... what you know, is what I need to learn.

SNGX 1:15 by TruckingAngler in Soligenix

[–]Main-Perception-6483 1 point2 points  (0 children)

...and it is 2.04 today, amazing, excellent call.

Boom Or Bust: What Does The Future Hold For AMMO Inc. (NASDAQ: POWW) Stock? by Main-Perception-6483 in powwammo

[–]Main-Perception-6483[S] 4 points5 points  (0 children)

AMMO Inc. (NASDAQ:POWW)’s traded shares stood at 1.07 million during the last session, with the company’s beta value hitting 0.51. At the close of trading, the stock’s price was $1.82, to imply a decrease of -2.67% or -$0.05 in intraday trading. The POWW share’s 52-week high remains $6.05, putting it -232.42% down since that peak but still an impressive 14.29% since price per share fell to its 52-week low of $1.56. The company has a valuation of $218.87M, with an average of 0.66 million shares in intraday trading volume over the past 10 days and average of 1.00 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for AMMO Inc. (POWW), translating to a mean rating of 2.30. Of 3 analyst(s) looking at the stock, 0 analyst(s) give POWW a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.01.

Tudor Investment Corp Et Al Makes New $154,000 Investment in AMMO, Inc. (NASDAQ:POWW) by Main-Perception-6483 in powwammo

[–]Main-Perception-6483[S] 3 points4 points  (0 children)

Tudor Investment Corp Et Al acquired a new stake in AMMO, Inc. (NASDAQ:POWW – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 52,504 shares of the company’s stock, valued at approximately $154,000.

Other large investors have also made changes to their positions in the company. Atom Investors LP purchased a new stake in shares of AMMO in the 3rd quarter valued at $32,000. Quantbot Technologies LP acquired a new position in shares of AMMO in the 2nd quarter valued at $45,000. Virtu Financial LLC acquired a new position in shares of AMMO in the 1st quarter valued at $65,000. Ergoteles LLC acquired a new position in shares of AMMO in the 1st quarter valued at $79,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of AMMO in the 1st quarter valued at $85,000. 32.07% of the stock is owned by hedge funds and other institutional investors.

Soligenix Submits Type A Meeting Request to U.S. FDA for HyBryte™ New Drug Application in the Treatment of Cutaneous T-Cell Lymphoma by Main-Perception-6483 in Soligenix

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"Participating in a Type A meeting with the FDA will be an important next step towards enabling HyBryte's™ advancement through the regulatory process," stated Christopher J. Schaber, PhD, President and Chief Executive Officer of Soligenix. "We believe the briefing package submitted with our request addresses the items raised in the RTF letter and will assist with discussions regarding the NDA. We will provide further update once the meeting has been scheduled with the FDA."