Welcome to our dedicated page for Tenax Therapeutics news (Ticker: TENX), a resource for investors and traders seeking the latest updates and insights on Tenax Therapeutics stock.
Tenax Therapeutics develops clinical-stage cardiopulmonary therapies, with news centered on levosimendan and TNX-103 for pulmonary hypertension associated with heart failure with preserved ejection fraction (PH-HFpEF). The company describes itself as a Phase 3, development-stage pharmaceutical company and reports on the LEVEL and LEVEL-2 registrational programs, intellectual property, and global development rights for levosimendan.
Recurring announcements also cover financial results, corporate updates, investor conference participation, executive appointments, and equity-based inducement grants under Nasdaq rules. These updates connect Tenax's drug-development program with governance, finance, product-development, clinical operations, and commercial-preparation activities.
Tenax Therapeutics (NASDAQ: TENX) will host a virtual KOL call on November 13, 2025 at 4:30 p.m. ET to discuss the PH-HFpEF treatment landscape and the late-stage program for TNX-103 (oral levosimendan).
Panelists include Tenax management and KOLs Barry A. Borlaug, M.D., and Sanjiv J. Shah, M.D. The company is advancing TNX-103 in two registrational Phase 3 studies, LEVEL (North American enrollment ongoing) and LEVEL-2 (global study on track to initiate in 2025). The call will be available live and archived via the company investor relations webpage; dial-in numbers are provided for U.S. and international callers.
Tenax Therapeutics (NASDAQ: TENX) will present at the Guggenheim 2nd Annual Healthcare Innovation Conference in Boston from November 10-12, 2025. The company's presentation is a fireside chat on November 10, 2025 at 4:00 p.m. ET, featuring Chris Giordano, President & Chief Executive Officer, and Stuart Rich, M.D., Chief Medical Officer. A live webcast and archived replay will be available on the company's investor relations webpage.
Tenax Therapeutics (NASDAQ:TENX) announced that the European Patent Office (EPO) intends to grant a patent for the use of levosimendan, including TNX-103, in treating pulmonary hypertension with heart failure with preserved ejection fraction (PH-HFpEF). The patent will provide protection through December 2040, with potential for extension beyond.
The patent will cover multiple administration routes including oral, intravenous, inhaled, transdermal, and subcutaneous use, as well as levosimendan's active metabolites. This development comes as Tenax prepares to launch its LEVEL-2 Phase 3 study in Europe, expanding their global clinical trial presence.
Tenax Therapeutics (NASDAQ: TENX), a Phase 3 development-stage pharmaceutical company focused on cardiopulmonary therapies, will participate in the Cantor Global Healthcare Conference 2025. The company's presentation will take the format of a fireside chat featuring President & CEO Chris Giordano and Chief Medical Officer Dr. Stuart Rich.
The presentation is scheduled for September 4, 2025, at 10:20 a.m. ET in New York. Investors can access both the live and archived webcast through the company's investor relations webpage.
Tenax Therapeutics (NASDAQ:TENX) reported Q2 2025 financial results and provided updates on its Phase 3 clinical programs. The company's lead program, TNX-103 (oral levosimendan), is progressing in the Phase 3 LEVEL study for PH-HFpEF treatment, with enrollment completion of 230 patients expected in H1 2026.
Key financial metrics include cash position of $105.5 million as of June 30, 2025, expected to fund operations through 2027. Q2 2025 resulted in a net loss of $10.9 million, with R&D expenses of $6.1 million and G&A expenses of $5.7 million.
The company secured patent protection in Canada extending to 2040 and remains on track to initiate its second Phase 3 study, LEVEL-2, in 2025 with a global footprint across 15 additional countries.
Tenax Therapeutics (NASDAQ: TENX) reported its Q1 2025 financial results and provided updates on its Phase 3 clinical trials. The company expects to complete enrollment of 230 patients in its Phase 3 LEVEL study for TNX-103 in PH-HFpEF by year-end 2025, with topline data expected mid-2026. A second Phase 3 study, LEVEL-2, is planned to commence in 2025.
Financial highlights include: cash position of $111.4 million as of March 31, 2025, bolstered by a $25 million private placement in March 2025. Q1 2025 saw increased expenses with R&D costs at $5.7 million (up from $2.7M in Q1 2024) and G&A expenses at $5.7 million (up from $1.2M). Net loss widened to $10.4 million compared to $3.8M in Q1 2024. The company expects current cash to fund operations through 2027.
Tenax Therapeutics (NASDAQ: TENX), a Phase 3 development-stage pharmaceutical company focused on cardiopulmonary therapies, has announced its participation in the 24th Annual Needham Virtual Healthcare Conference.
The conference will be held virtually from April 7-10, 2025. The company's corporate presentation is scheduled for April 7, 2025, at 3:45 p.m. ET. Key participants include Chris Giordano (President & CEO), Dr. Stuart Rich (Chief Medical Officer), and Doug Randall (Chief Business Officer).
Both live and archived versions of the presentation will be available through the company's investor relations webpage.
Tenax Therapeutics (NASDAQ: TENX) reported its Q4 and full-year 2024 financial results, highlighting successful private placements totaling $125 million to support two registrational studies for TNX-103 in PH-HFpEF. The company ended 2024 with $94.9 million in cash, with funding now extended through 2027.
The Phase 3 LEVEL study has been expanded to enhance statistical power, with enrollment completion targeted for year-end 2025 and topline data expected mid-2026. A second Phase 3 study, LEVEL-2, is planned to commence in 2025.
Financial highlights include increased R&D expenses of $12.7 million for 2024 (vs $3.2 million in 2023) and G&A expenses of $6.8 million (vs $5.0 million in 2023). The company reported a net loss of $17.6 million for 2024, compared to $7.7 million in 2023.
Tenax Therapeutics (NASDAQ: TENX) has secured a $25 million private placement financing through an agreement with RTW Investments. The deal includes 378,346 shares of common stock and pre-funded warrants to purchase 3,760,726 shares at $6.04 per share and $6.03 per warrant respectively.
The pre-funded warrants have a $0.01 exercise price with no expiration date. The placement, expected to close on March 5, 2025, is led by Leerink Partners, with Guggenheim Securities and William Blair as joint placement agents.
The net proceeds will fund the company's ongoing and planned Phase 3 clinical trials, working capital, capital expenditures, and general corporate purposes. The securities are being offered under Section 4(a)(2) of the Securities Act and Regulation D, with Tenax agreeing to file a registration statement within 45 days for resale of the shares.
Tenax Therapeutics (NASDAQ: TENX) has announced significant expansions to its Phase 3 LEVEL program for TNX-103 (oral levosimendan) in treating PH-HFpEF. The FDA has approved two key developments:
1. An amendment to expand the ongoing LEVEL study from 152 to 230 patients, increasing statistical power to over 95%. The study is expected to complete enrollment by end of 2025 with topline data expected mid-2026.
2. Approval to initiate LEVEL-2, a second global Phase 3 study, starting in 2025.
Current blinded LEVEL data shows strong patient retention with >95% continuation rates across multiple metrics. The company's $100 million financing from August 2024 supports these expanded trials. The studies aim to provide sufficient data for regulatory submissions in the U.S. and other regions for TNX-103, which targets PH-HFpEF, a condition currently without approved treatments.