Soligenix Reports Net Loss of $2.5 Million With No Revenue in Q3 2025

Reuters11-07

Soligenix Reports Net Loss of $2.5 Million With No Revenue in Q3 2025

Soligenix Inc. reported no revenue for the quarters ended September 30, 2025 and 2024. The company posted a net loss of $2.5 million, or $0.58 per share, for the third quarter of 2025, compared to a net loss of $1.7 million, or $0.78 per share, for the same period in 2024. The increase in net loss was attributed to higher operating expenses related to clinical trials, decreased interest income, and the absence of a CARES Act employee retention credit received in the previous year. As of September 30, 2025, Soligenix held approximately $10.5 million in cash, which is expected to fund operations through 2026. Recent business developments include updates to the U.S. Medical Advisory Board for the Phase 3 development of HyBryte for CTCL and the FDA granting orphan drug designation to dusquetide for the treatment of Behçet's Disease.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Soligenix Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: PH17999) on November 07, 2025, and is solely responsible for the information contained therein.

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