Other Events ·
Nasdaq notifies Soligenix of non-compliance with the $1.00 minimum bid price; board terminates HyBryte program
SNGXSoligenix, Inc.
On June 10, 2026, Soligenix received a Nasdaq Bid Price Notice stating it is non-compliant with the $1.00 minimum bid price requirement; the company has until December 7, 2026, to regain compliance. On June 11, 2026, the Board terminated the HyBryte development program following a Phase 3 FLASH2 trial recommendation of futility, estimating wind-down costs of approximately $70,000. Consequently, Dr. Richard C. Straube ceased serving as Consulting Chief Medical Officer, with responsibilities transitioning to Medical Director Dr. Christopher Pullion. The company will continue evaluating strategic options and other pipeline programs, including dusquetide for Behçet’s Disease. Soligenix is a biotechnology company that develops therapeutic products for various diseases.