Soligenix shares are trading higher following a report suggesting that police cordoned off two tracks at a Germany train station due to fears that a traveler was infected by the Marburg virus. The company, in April 2024, announced that the FDA granted it an orphan drug designation for the active ingredient in MarVax.
Portfolio Pulse from Benzinga Newsdesk
Soligenix shares rise after reports of a potential Marburg virus case in Germany. The company previously received FDA orphan drug designation for MarVax, a treatment related to the virus.
October 02, 2024 | 7:59 pm
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Soligenix shares are trading higher due to reports of a potential Marburg virus case in Germany. The company has an FDA orphan drug designation for MarVax, which is related to the virus.
The news of a potential Marburg virus case in Germany has increased interest in Soligenix, as the company has a drug, MarVax, with FDA orphan designation for treating the virus. This has likely led to the rise in share price due to increased investor confidence in the company's potential market opportunity.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90