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Soligenix Reports Third Quarter 2012 Financial Results and Highlights Recent Accomplishments
Date:11/14/2012

arter ended September 30, 2012 decreased by $36,144 to $558,877, compared to $595,021 for the quarter ended September 30, 2011.

As of September 30, 2012, the Company's cash position was approximately $3,700,000 with working capital of approximately $3,100,000.  

Christopher J. Schaber, PhD, President and Chief Executive Officer of Soligenix stated, "In the third quarter of 2012 we continued to make steady progress in advancing a number of our programs utilizing oral BDP, in both our BioTherapeutics and Vaccine/BioDefense business segments. We were pleased to receive Investigational New Drug (IND) clearance and Fast Track designation for SGX203 from the U.S. Food and Drug Administration (FDA). We remain committed to enhancing our development pipeline through internal efforts and external strategic alliances. We look forward to reporting on further progress on all programs during the remainder of this year."

Soligenix's Recent Highlight:

  • On November 8, 2012, the Company announced that its SGX203 program in pediatric Crohn's disease received "Fast Track" designation from the FDA. The Company has also previously received Orphan Drug Designation from the FDA for oral BDP as a treatment for pediatric Crohn's Disease.
  • On October 3, 2012, the Company announced the formation of a Scientific Advisory Board (SAB) to provide strategic guidance to the Company as it relates to the development of OrbeShield™ (oral BDP) for the treatment of gastrointestinal acute radiation syndrome (GI-ARS).
  • On September 28, 2012, the Company announced that results of a study in a canine model of OrbeShield™ was being presented at a poster session entitled, "Post-exposure oral BDP improves survival in a canine GI ARS model." The presentation was made during the 58th Annual Meeting of the Radiation Research Society held in San Juan, Puerto Rico on September 30 through October 3, 2012.

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SOURCE Soligenix, Inc.
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