Soligenix reports positive Phase 2a trial results for SGX302 in psoriasis. Improved gel formulation enhances application ease and patient tolerance. Marked improvements in treatment success metrics observed in trial participants. SGX302 potentially offers a non-carcinogenic treatment option for psoriasis lesions. SNGX stock is down 21.05% at $1.21 as of the publication.
SNGX stock surged after FDA granted orphan designation to dusquetide. Orphan drug designation ensures market exclusivity and regulatory benefits. Dusquetide shows efficacy in Behçet’s Disease with positive Phase 2a results. Up to one million people worldwide affected by Behçet’s Disease. SNGX stock rose 67.29% to $4.65 following the news.