Soligenix Develops Groundbreaking Vaccine Platform to Target Future Pandemics

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Soligenix discusses its contribution to addressing future serious public health threats in a podcast

New York, New York--(Newsfile Corp. - September 14, 2021) - PCG Digital -- The COVID-19 pandemic has already cost the United States an estimated $16 trillion in lost economic output, and has resulted in the loss of over 600,000 lives. At the end of last month, the country reached the dubious milestone of 39 million diagnosed cases of COVID, however, researchers have estimated a further 4.8 undiagnosed cases per diagnosis, bringing the nation's total number of infections closer to 200 million.

The burden the pandemic has placed on US economic and healthcare infrastructure, and the threat of the next pandemic, has forced leaders across the country to pay close attention to pandemic preparedness.

To hear the audio version please follow the link here
To view the video version please follow the link here

Last week, the Biden administration laid out a $65 billion plan for combating biological threats, including $24.2 billion to develop new vaccines for a range of viruses and enhance distribution and manufacturing of vaccines. This is the administration's largest proposed investment in its plan to combat pandemics.

Scientists were able to respond to COVID-19, developing a number of vaccines with unprecedented speed, because years had been spent on studying coronaviruses, allowing the scientific community to act once the virus' genetic sequence was available. In July, Dr. Anthony Fauci encouraged the US government to take steps to prepare for future pandemics by developing vaccine prototypes for 20 virus families. Among these viruses are filoviruses, including Ebolavirus and Marburgvirus, which have the potential to be serious public health threats.

Filoviruses have been described as a "real pandemic threat." They are highly lethal, with mortality rates in outbreaks reaching 90%, and outbreaks are increasing in frequency. The urgency of developing prototype vaccines for filoviruses can't be understated. In response, late-stage biopharmaceutical company, Soligenix (NASDAQ: SNGX), has been focused on developing safe and effective filovirus vaccine candidates, and announced positive preclinical data with multiple heat stable candidates, demonstrating potency and efficacy, in August.

With filovirus outbreaks most commonly occurring in regions with limited access to cold chain storage, or with uncertain power supply for keeping vaccines cold to maintain their integrity, Soligenix believes its thermostable vaccine platform may be an important contributor to addressing future health emergencies.

Dr. Fauci's recommendation highlighted the need to treat potential outbreaks at their source, typically in locations that struggle to meet the stringent cold chain requirements for many vaccines. A thermostabilized vaccine in a single-vial format would significantly enhance any public health response to a new outbreak.

Soligenix has demonstrated the feasibility of rapid and efficient manufacturing, as well as the ability to thermostabilize multiple antigens that can then be stored at temperatures exceeding 100 degrees Fahrenheit. The company intends to use its ThermoVax® vaccine platform to accelerate its joint COVID-19 vaccine effort, CiVax™. Soligenix, having received over $60 million in non-dilutive government grant and contract awards to date across their development pipeline, may be well positioned to potentially secure additional government funding under Biden's $65 billion plan for combating biological threats. Soligenix also reported a strong cash position of approximately $29 million on June 30, 2021, separate from their current non-dilutive government funding.

Like the government, investors have also taken a new interest in infectious diseases and biological threats to human health. After a year of outperforming the market in 2020, biotech is still in favor, with two funds launched during the pandemic vastly outperforming broader biotech ETFs. Top holdings in the funds' portfolios include key players in global efforts to deliver a vaccine for COVID-19, and the ongoing pandemic and industry focus on vaccine developments may continue to be beneficial for biotech ETFs. This is a space to watch in 2021 and beyond … as is Soligenix.

Disclaimer
This communication was produced by PCG Digital Holdings, LLC, an affiliate of PCG Advisory Inc., (together "PCG"). PCG is not a registered or licensed broker-dealer nor investment adviser. No information contained in this communication constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. PCG may be compensated by respective clients for publicizing information relating to its client's securities. See www.pcgadvisory.com/disclosures.

PCG Digital
[email protected]
646-863-6341

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96370

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).