Soligenix Inc (OTC:SNGX) Gets Ready to Purse OrbeShield

Las Vegas, NV -- (SBWIRE) -- 02/25/2013 -- Soligenix Inc (OTC:SNGX) recently announced that it has submitted proposal t the BioMedical Advanced Research and Development Authority for the development of OrbeShield which is used for the treatment of gastrointestinal acute radiation syndrome (GI ARS). It is a multimillion dollar project expected to run for several years.

The share price slightly fell by 0.56 percent to close at $1.79 with traded volume of 25,676 shares for the day. On average the share price is traded with the volume of 36,239 shares per day. The stock has touched the highest of $2.13 in last 52 weeks while it has strong support around $0.23.

Soligenix Inc is Biopharmaceutical Company. It deals in the treatment of cancer and gastrointestinal diseases. The company is settled in Princeton, New Jersey.

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