|Why Soligenix Should Be Successful (OTC:SNGX.OB)|
|By Michael Vlaicu|
|Tuesday, 06 October 2009 18:22|
Soligenix, Inc. (Public, OTC:SNGX) is an engaging company. Is it any wonder that the government also favours it by pouring in grants and funding for it's programs?
It stands tall amongst the other struggling small cap biotechs, and even after changing its company info from DORB Pharma (OTC:DORB.OB) to Soligenix (OTC:SNGX.OB), it remains ahead of the pack while the others are still searching to make a name for themselves.
After profiling the company the first time around, I felt it was necessary to paint a more clear picture as to what really makes this company not just a valuable investment, but rather a great one at that. The true potential lies in the company’s liquidity and ability to fund R&D, clinical trials and other important distributional aspects that many other small biopharmas lack. Many investors also may be aware of the main product OrBec which tends to be the company’s standout, however it is important you are also tunned to Soligenix’s BioDefence side of the table. The main scope or aim for this analysis is derived from the company’s conference call at the Rodman & Renshaw convention, where this article will depict and restate the potential target markets and current state of the company within the present and future. With the vaccine market set to double within the next five years, and products with market potentials in excess of $500M, this current state of $51.9M market cap won’t last much longer as investors begin to dig up this undiscovered story.
What’s important to note about this company, is that due to the fact that they have already submitted an NDA, they do not need to resubmit it — thus making FDA approval process significantly faster and more focused. The NDA is in place, and they simply have to respond to an action letter, so with that response which is class II, it is a 6 month review cycle.
For those who are new to this company, we suggest you read the company profile here.
Presentation at Rodman & Renshaw
Christopher J. Schaber, Ph.D., President and Chief Executive Officer, presented at the Rodman & Renshaw 11th Annual Global Investor Health-care Conference on Thursday, September 10, 2009 in the Spellman Salon of the New York Palace Hotel, New York.
*Press play to listen
What you have in Soligenix is a company with really diversified portfolio with a Biotherapeutics, and a Biodefence side, which is highly funded by investors, institutions and government grants. This makes them stand apart from many other small biotechs which are struggling with cash burn and ongoing conerns towards future operations. A little patience can go a long way with this FDA play.
Disclosure: Long SNGX