Soligenix Inc (SNGX)

[ProfitScout]

The recent news from SNGX on the very positive development progress of HyBryte™ for early-stage cutaneous T-cell lymphoma is quite impressive, especially the latest clinical trial results. This product line holds high promise for the growth of the company's position in major biopharma field.

https://finance.yahoo.com/news/soligenix-moves-forward-treatments-cutaneous-123000857.html

From the news:

At the forefront of the company's pipeline is HyBryte™, a treatment for early-stage cutaneous T-cell lymphoma (CTCL), a condition that affects over 25,000 patients in the United States. The condition, which is also prevalent in Europe and Asia, is caused by the migration of malignant T-cells to the surface of the skin and manifests itself in painful lesions, tumors and plaques.

Clinical testing of HyBryte™ has yielded consistently positive results. It works by applying fluorescent light to topical synthetic hypericin, and in a Phase 3 study it showed a rapid treatment response in six weeks and sustained responses after twelve and eighteen weeks that produced significant improvement for half of the trial participants. Soligenix anticipates submitting a new drug application (NDA) to the FDA for HyBryte™ to treat CTCL in H2 2022.

The trials have been so effective that Soligenix is now exploring a second disease indication, with synthetic hypericin (SGX302), for the treatment of psoriasis. A Phase 1/2 pilot study was previously conducted to demonstrate proof of concept and a Phase 2a clinical trial is being initiated later this year. According to Fortune Business Insights, the global psoriasis treatment market is projected to reach nearly $40.6 billion in the next five years.