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Soligenix Hits CTCL Trial Milestone, Zacks Maintains $25 Valuation

Soligenix reaches Phase 3 milestone for HyBryte in CTCL with 48% response rate. Zacks maintains $25 valuation, highlighting potential in rare disease treatments and vaccine development.

This news matters because it highlights a significant advancement in treating cutaneous T-cell lymphoma, a rare and often debilitating cancer with limited therapeutic options. HyBryte's promising 48% response rate in Phase 3 trials could offer a safer, visible-light-based alternative to existing treatments, potentially improving patient outcomes and quality of life. For investors, the maintained $25 per share valuation by Zacks suggests confidence in Soligenix's pipeline, including not only HyBryte but also other rare disease therapies and public health vaccines, positioning the company as a key player in addressing unmet medical needs. The progress underscores the broader importance of biopharmaceutical innovation in tackling rare diseases and global health threats, with implications for healthcare costs and patient access to novel therapies.