Soligenix shares decimated as firm puts hold on orBec development
New Jersey, USA-based Soligenix (OTCBB: SNGX) saw its shares plummet 85% to just $0.03 last week, after the company said that an independent Data Safety Monitoring Board (DSMB) recently completed a pre-specified interim analysis for safety and utility for Soligenix' confirmatory Phase III clinical trial of orBec, an oral formulation of beclomethasone dipropionate (BDP) in acute gastrointestinal graft-versus-host disease (GI GVHD), recommending that the study be stopped as it is highly unlikely to achieve the predetermined primary objective of efficacy based on the interim results.
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