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SIGYN THERAPEUTICS INC - SIGY STOCK NEWS

Welcome to our dedicated page for SIGYN THERAPEUTICS news (Ticker: SIGY), a resource for investors and traders seeking the latest updates and insights on SIGYN THERAPEUTICS stock.

Sigyn Therapeutics, Inc. (OTCQB: SIGY) is a development-stage medical technology company based in San Diego, California. The company is pioneering blood purification technologies to address pathogen-associated inflammatory disorders, which are not effectively treated by traditional drug therapies.

Sigyn's flagship product, Sigyn Therapy™, targets a range of severe medical conditions including endotoxemia, sepsis, community-acquired pneumonia, and infections by drug-resistant bacteria and viruses. The initial clinical focus is on end-stage renal disease (ESRD) patients suffering from endotoxemia, a prevalent condition linked to increased mortality.

Further broadening its innovative portfolio, Sigyn Therapeutics is also developing ImmunePrep™, ChemoPrep™, and ChemoPure™. ImmunePrep™ aims to improve the efficacy of immunotherapeutic antibodies, a market projected to grow exponentially. ChemoPrep™ is designed to enhance the delivery and reduce the toxicity of chemotherapy, addressing a crucial need as less than 5% of chemotherapy reaches the tumor site. ChemoPure™ further mitigates chemotherapy toxicity by extracting off-target drugs from the bloodstream post-treatment.

Despite its development-stage status, Sigyn has demonstrated promising in vitro results, reducing the prevalence of multiple pathogen and inflammatory targets in human blood plasma. The company has initiated steps to begin first-in-human studies and is in the process of finalizing study protocols for Sigyn Therapy™ in ESRD patients.

On the financial front, Sigyn reported a net loss of approximately $4.1 million for the year ending December 31, 2023, indicating its commitment to research and development. The company recently completed a 1-for-40 reverse stock split, a strategic move aimed at meeting Nasdaq listing requirements.

Sigyn Therapeutics continues to advance its mission, positioning itself as a leader in the medical technology field with a comprehensive pipeline aimed at improving patient outcomes and addressing unmet medical needs.

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Sigyn Therapeutics, Inc. (OTC: SIGY) announced that Chairman and CEO Jim Joyce will present at the virtual Emerging Growth Conference on January 5, 2022, at 3:30 PM Eastern Time. The conference connects publicly traded companies with investors and focuses on growth sectors. Sigyn Therapeutics is dedicated to treating pathogen-related conditions causing sepsis, which is the leading cause of hospital deaths globally. The company's Sigyn Therapy employs a dual-function blood purification technology to extract harmful pathogens and inflammatory mediators from the bloodstream.

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Sigyn Therapeutics (OTC: SIGY) has progressed its Sigyn Therapy, aimed at treating sepsis, with significant milestones achieved in 2021. The company completed five in vitro blood purification studies demonstrating the therapy’s ability to address various pathogens, including COVID-19. Manufacturing enhancements allow greater efficiency, enabling up to seven bloodstream passes during treatment. A pilot animal study has been successfully completed, paving the way for potential human trials in 2022. The company is preparing an Investigational Device Exemption (IDE) for FDA submission to initiate these studies.

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Sigyn Therapeutics, Inc. (OTC: SIGY), a medical technology company, is advancing its Sigyn Therapy, a dual-function blood purification system aimed at treating pathogen-related conditions, particularly in the context of sepsis. This technology targets a variety of viral pathogens and inflammatory mediators, including COVID-19. The company highlights the importance of blood purification devices in addressing severe infections, especially as pandemic threats continue. Sigyn Therapy is designed for use with existing hospital equipment, and aims to broaden its applications beyond infectious diseases.

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Sigyn Therapeutics, Inc. (OTC: SIGY) announced promising preclinical results for its Sigyn Therapy, a dual-function blood purification technology. The therapy demonstrated the ability to significantly reduce gram-positive bacterial toxins in human blood plasma, crucial in treating sepsis—a leading cause of hospital deaths. With reductions of ~50% for peptidoglycan and ~70% for lipoteichoic acid within two hours, the results support the technology's potential. Sigyn Therapy targets a range of pathogen-associated illnesses, including drug-resistant infections and community-acquired pneumonia.

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Sigyn Therapeutics, Inc. (OTC Markets: SIGY) announced an interview with CEO Jim Joyce on Tech Nation, discussing their innovative Sigyn Therapy. This therapy aims to treat life-threatening inflammatory conditions caused by cytokine storm syndrome, a critical issue during the COVID-19 pandemic. Joyce highlighted the device's dual function: eliminating inflammatory cytokines and targeting their sources, like viral pathogens. The potential market opportunity exceeds $20 billion, positioning Sigyn Therapy as pivotal in addressing severe health concerns.

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Sigyn Therapeutics (OTC Markets: SIGY) announced its continued development of Sigyn Therapy, aimed at treating sepsis and inflammatory conditions. The therapy exhibits capabilities to target a broad range of inflammatory agents, including viral pathogens and cytokines. The technology features over 170,000 square meters of surface area for adsorption, significantly more than its competitors. The company is preparing an Investigational Device Exemption (IDE) to initiate human clinical studies, building on positive results from prior animal studies. The potential market exceeds $20 billion.

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Sigyn Therapeutics (OTC: SIGY) announced the successful completion of a pilot animal study validating its Sigyn Therapy™ for treating life-threatening inflammatory conditions. This marks the first use of the therapy in mammals, demonstrating safe administration without complications over six-hour treatment periods. Sigyn Therapy aims to capture a market exceeding $20 billion annually, specifically targeting conditions like sepsis. Following positive outcomes, the company plans additional studies and seeks FDA clearance to initiate human trials.

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Sigyn Therapeutics, Inc. (OTCMarkets: SIGY) announced the completion of a study demonstrating the effectiveness of Sigyn Therapy™ in eliminating hepatic toxins like bile acid, bilirubin, and ammonia from human blood plasma. Results showed an 80.6% reduction of bile acid and 55% reduction of bilirubin in one hour. The therapy targets life-threatening inflammatory conditions, especially hepatic encephalopathy, which can have a 30-day mortality rate of 38% in severe cases. The company plans to submit an Investigational Device Exemption to the FDA by year-end 2021.

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Sigyn Therapeutics, Inc. (OTCMarkets: SIGY) has completed an in vitro blood purification study, validating that Sigyn Therapy can eliminate toxins associated with Hepatic Encephalopathy, a severe neurological condition. The therapy showed a 55% reduction in bilirubin levels in just one hour and 69.5% over four hours. This innovative technology addresses the significant unmet need for life-threatening inflammatory conditions. Sigyn plans to submit data for an Investigational Device Exemption to the FDA by year-end 2021, potentially expanding its market presence valued at over $20 billion.

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Sigyn Therapeutics announced a webinar scheduled for June 29, 2021, at 12 PM Eastern, featuring Chairman and CEO, Jim Joyce. The webinar will cover the evolution of blood purification technologies in response to pandemic threats, including COVID-19. Joyce will discuss the significance of blood purification therapies in treating life-threatening conditions, particularly those caused by Cytokine Storm Syndrome. The company aims to address a $20 billion market opportunity with its Sigyn Therapy, designed to mitigate inflammatory conditions like sepsis.

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FAQ

What is the current stock price of SIGYN THERAPEUTICS (SIGY)?

The current stock price of SIGYN THERAPEUTICS (SIGY) is $5.25 as of August 22, 2024.

What is the market cap of SIGYN THERAPEUTICS (SIGY)?

The market cap of SIGYN THERAPEUTICS (SIGY) is approximately 7.3M.

What is Sigyn Therapeutics' core business?

Sigyn Therapeutics specializes in developing blood purification technologies to treat pathogen-associated inflammatory disorders that are not effectively addressed by conventional drug therapies.

What are the key products developed by Sigyn Therapeutics?

Key products include Sigyn Therapy™ for inflammatory disorders, ImmunePrep™ for enhancing immunotherapeutic antibodies, ChemoPrep™ for optimizing chemotherapy delivery, and ChemoPure™ for reducing chemotherapy toxicity.

What conditions does Sigyn Therapy™ aim to treat?

Sigyn Therapy™ focuses on treating conditions such as endotoxemia, sepsis, community-acquired pneumonia, and infections caused by drug-resistant bacteria and viruses.

What is the status of Sigyn Therapeutics' clinical trials?

The company is preparing to initiate first-in-human studies of Sigyn Therapy™ in end-stage renal disease (ESRD) patients with endotoxemia.

How is Sigyn Therapeutics performing financially?

For the year ending December 31, 2023, Sigyn reported a net loss of approximately $4.1 million, reflecting its substantial investment in research and development.

What recent strategic financial move did Sigyn Therapeutics make?

Sigyn Therapeutics completed a 1-for-40 reverse stock split to meet Nasdaq listing requirements.

Where is Sigyn Therapeutics headquartered?

Sigyn Therapeutics is headquartered in San Diego, California.

What is the market potential for Sigyn Therapeutics' products?

The potential market for ImmunePrep™ alone is projected to reach $566.72 billion USD by 2032, indicating significant growth opportunities for Sigyn products.

How can investors access more information about Sigyn Therapeutics?

Investors can access detailed financial results and updates on the company's website at www.SigynTherapeutics.com and on the SEC's website at www.sec.gov.

Who should be contacted for more information about Sigyn Therapeutics?

For more information, contact Jim Joyce, Chairman, and CEO, at 619.353.0800 or via email at jj@SigynTherapeutics.com.

SIGYN THERAPEUTICS INC

OTC:SIGY

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7.27M
949.02k
51.94%
7.37%
Biotechnology
Healthcare
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United States of America
San Diego