Soligenix Encourages Stockholders to Vote Prior to Annual Meeting

Rhea-AI Summary

Soligenix (Nasdaq: SNGX), a biopharmaceutical company focused on rare diseases, urges stockholders to vote in the Annual Meeting on May 23, 2024. This meeting, to be held virtually at 9:00 AM ET, is important for advancing the company's pipeline, including a Phase 3 study of HyBryte™ for cutaneous T-cell lymphoma (CTCL). Voting is open to stockholders of record as of April 10, 2024, even if shares have been sold since. Voting can be done online, by phone, or by mail until 11:59 PM ET on May 22, 2024.

Positive

• Soligenix is advancing a confirmatory Phase 3 study with HyBryte™ for CTCL.
• The company is taking proactive steps in encouraging stockholder participation.
• Virtual meeting allows broader stockholder participation without geographical constraints.

Negative

• The urgency to vote might imply important issues affecting stockholder value.
• Dependence on stockholder participation may indicate internal challenges.

Annual Meeting to be held May 23, 2024

PRINCETON, N.J., May 20, 2024 /PRNewswire/ -- Soligenix, Inc. (Nasdaq: SNGX) (Soligenix or the Company), a late-stage biopharmaceutical company focused on developing and commercializing products to treat rare diseases where there is an unmet medical need, encourages its eligible stockholders to participate in the upcoming Annual Meeting of Stockholders to be held virtually at 9:00AM ET on May 23, 2024. "This Annual Meeting is exceedingly important to the Company," stated Christopher J. Schaber, PhD, President and Chief Executive Officer of Soligenix. "We have a number of proposals to be voted on in order to continue to provide value to our stockholders and advance our rare disease pipeline forward, including our confirmatory Phase 3 study with HyBryte^™ for the treatment of cutaneous T-cell lymphoma (CTCL)."

Only stockholders at the close of business on the record date, April 10, 2024, will be eligible to participate. Even stockholders as of April 10, 2024 who have subsequently sold their shares are eligible and encouraged to vote. While voting via the Internet and by phone before the meeting will be open until May 22, 2024 at 11:59 PM ET, we encourage eligible stockholders to vote as early as possible to ensure their vote is counted.

Eligible stockholders may vote their shares via the Internet, telephone or mail:

• Go to www.proxyvote.com and follow the instructions (have your proxy card available)
  
  
• Call 1-800-690-6903 and follow the voice prompts (have your proxy card available)
  
  
• If you have received a proxy card, mark your vote, sign your name exactly as it appears on your proxy card, date your card and return it in the envelope provided

Please refer to the official proxy filing for further details on each proposal, this can be found at https://ir.soligenix.com/sec-filings.

About Soligenix

Soligenix is a late-stage biopharmaceutical company focused on developing and commercializing products to treat rare diseases where there is an unmet medical need. Our Specialized BioTherapeutics business segment is developing and moving toward potential commercialization of HyBryte^™ (SGX301 or synthetic hypericin sodium) as a novel photodynamic therapy utilizing safe visible light for the treatment of cutaneous T-cell lymphoma (CTCL). With successful completion of the second Phase 3 study, regulatory approvals will be sought to support potential commercialization worldwide. Development programs in this business segment also include expansion of synthetic hypericin (SGX302) into psoriasis, our first-in-class innate defense regulator (IDR) technology, dusquetide (SGX942) for the treatment of inflammatory diseases, including oral mucositis in head and neck cancer, and (SGX945) in Behçet's Disease.

Our Public Health Solutions business segment includes development programs for RiVax^®, our ricin toxin vaccine candidate, as well as our vaccine programs targeting filoviruses (such as Marburg and Ebola) and CiVax^™, our vaccine candidate for the prevention of COVID-19 (caused by SARS-CoV-2). The development of our vaccine programs incorporates the use of our proprietary heat stabilization platform technology, known as ThermoVax^®. To date, this business segment has been supported with government grant and contract funding from the National Institute of Allergy and Infectious Diseases (NIAID), the Defense Threat Reduction Agency (DTRA) and the Biomedical Advanced Research and Development Authority (BARDA).

For further information regarding Soligenix, Inc., please visit the Company's website at https://www.soligenix.com and follow us on LinkedIn and Twitter at @Soligenix_Inc.

This press release may contain forward-looking statements that reflect Soligenix's current expectations about its future results, performance, prospects and opportunities, including but not limited to, potential market sizes, patient populations, clinical trial enrollment, the expected timing for closing the offering described herein and the intended use of proceeds therefrom. Statements that are not historical facts, such as "anticipates," "estimates," "believes," "hopes," "intends," "plans," "expects," "goal," "may," "suggest," "will," "potential," or similar expressions, are forward-looking statements. These statements are subject to a number of risks, uncertainties and other factors that could cause actual events or results in future periods to differ materially from what is expressed in, or implied by, these statements, and include the expected amount and use of proceeds from the offering and the expected closing date of the offering. Soligenix cannot assure you that it will be able to successfully develop, achieve regulatory approval for or commercialize products based on its technologies, particularly in light of the significant uncertainty inherent in developing therapeutics and vaccines against bioterror threats, conducting preclinical and clinical trials of therapeutics and vaccines, obtaining regulatory approvals and manufacturing therapeutics and vaccines, that product development and commercialization efforts will not be reduced or discontinued due to difficulties or delays in clinical trials or due to lack of progress or positive results from research and development efforts, that it will be able to successfully obtain any further funding to support product development and commercialization efforts, including grants and awards, maintain its existing grants which are subject to performance requirements, enter into any biodefense procurement contracts with the U.S. Government or other countries, that it will be able to compete with larger and better financed competitors in the biotechnology industry, that changes in health care practice, third party reimbursement limitations and Federal and/or state health care reform initiatives will not negatively affect its business, or that the U.S. Congress may not pass any legislation that would provide additional funding for the Project BioShield program. In addition, there can be no assurance as to the timing or success of any of its clinical/preclinical trials. Despite the statistically significant result achieved in the first HyBryte^™ (SGX301) Phase 3 clinical trial for the treatment of cutaneous T-cell lymphoma, there can be no assurance that the second HyBryte^™ (SGX301) Phase 3 clinical trial will be successful or that a marketing authorization from the FDA or EMA will be granted. Additionally, although the EMA has agreed to the key design components of the second HyBryte^™ (SGX301) Phase 3 clinical trial, no assurance can be given that the Company will be able to modify the development path to adequately address the FDA's concerns or that the FDA will not require a longer duration comparative study.  Notwithstanding the result in the first HyBryte^™ (SGX301) Phase 3 clinical trial for the treatment of cutaneous T-cell lymphoma and the Phase 2a clinical trial of SGX302 for the treatment of psoriasis, there can be no assurance as to the timing or success of the clinical trials of SGX302 for the treatment of psoriasis. Further, there can be no assurance that RiVax^® will qualify for a biodefense Priority Review Voucher (PRV) or that the prior sales of PRVs will be indicative of any potential sales price for a PRV for RiVax^®. Also, no assurance can be provided that the Company will receive or continue to receive non-dilutive government funding from grants and contracts that have been or may be awarded or for which the Company will apply in the future. These and other risk factors are described from time to time in filings with the Securities and Exchange Commission (the "SEC"), including, but not limited to, Soligenix's reports on Forms 10-Q and 10-K. Unless required by law, Soligenix assumes no obligation to update or revise any forward-looking statements as a result of new information or future events.

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SOURCE SOLIGENIX, INC.

FAQ

When is the Soligenix Annual Meeting?

The Annual Meeting will be held on May 23, 2024, at 9:00 AM ET.

What is the significance of the Soligenix Annual Meeting?

The meeting is important for voting on proposals that will advance Soligenix's pipeline, including a Phase 3 study of HyBryte™ for CTCL.

Who can vote in the Soligenix Annual Meeting?

Stockholders of record as of April 10, 2024, can vote, even if they have sold their shares since.

How can stockholders vote in the Soligenix Annual Meeting?

Stockholders can vote online at www.proxyvote.com, by calling 1-800-690-6903, or by mail using a proxy card.

What is the deadline for voting in the Soligenix Annual Meeting?

The deadline for voting is 11:59 PM ET on May 22, 2024.