
Major Investor Quietly Boosts Stake in Sol-Gel Technologies

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Opaleye Management Inc. has increased its stake in Sol-Gel Technologies by purchasing 2,735 shares valued at $110,411, signaling confidence in the company's future. Despite recent negative clinical outcomes and financial challenges, Sol-Gel is refocusing its pipeline on rare diseases, particularly SGT-610 for Gorlin syndrome, which may expand its market potential. Analysts see mixed signals due to strategic shifts and financial uncertainties, with Spark rating SLGL as Neutral, highlighting the need for strategic financial improvements.
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