25, 2011 /PRNewswire/ Soligenix, Inc. (OTC Bulletin Board: SNGX) (Soligenix or the Company), a late stage biopharmaceutical company, announced today that it has recently received $245,810, net of transaction costs, in non dilutive financing via the State of New Jersey’s Technology Business Tax Certificate Transfer Program (the Program). This Program enables approved, unprofitable technology and biotechnology businesses to sell their unused Net Operating Loss Carryovers (NOLs) and unused Research and Development (R Tax Credits for at least 80% of the value of the tax benefits to unaffiliated, profitable corporate taxpayers in the State of New Jersey.

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