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Tonix Pharmaceuticals Holding (TNXP) Stock News, Nov 2024-Jan 2025

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Tonix Pharmaceuticals Holding Corp. develops and commercializes biotechnology products for central nervous system disorders, immunology, infectious diseases and rare diseases. Company news centers on TONMYA, an FDA-approved cyclobenzaprine HCl sublingual tablet for fibromyalgia in adults, along with marketed acute migraine products Zembrace SymTouch and Tosymra.

Recurring updates also cover Tonix’s development pipeline, including TNX-4800, a long-acting anti-Borrelia OspA human monoclonal antibody for Lyme disease prophylaxis; TNX-1900 intranasal potentiated oxytocin for craniofacial pain conditions; TNX-1700 and TNX-4700 immuno-oncology programs; TNX-801 vaccine research; and TNX-1500 for prevention of kidney transplant rejection. Other company developments include scientific presentations, clinical and preclinical data, commercial access arrangements, operating results, capital-structure disclosures and governance matters.

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Tonix Pharmaceuticals (TNXP) has announced its participation in two major investor conferences this January. CEO Seth Lederman will present at the 8th Annual Neuroscience Innovation Forum on January 12, 2025, delivering a company presentation at 11:15 a.m. PT and participating in a panel on neuropsychiatric treatments at 1:15 p.m. PT. Additionally, he will present at the 2025 Biotech Showcase on January 14, 2025, at 10:00 a.m. PT.

The company recently submitted an NDA for TNX-102 SL for fibromyalgia management, with a PDUFA date of August 15, 2025. Tonix's pipeline includes TNX-1300 for cocaine intoxication and TNX-1500 for organ transplant rejection. They recently secured a DoD contract worth up to $34 million for developing TNX-4200, an antiviral agent. Their commercial subsidiary, Tonix Medicines, markets Zembrace SymTouch and Tosymra for acute migraine treatment.

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Tonix Pharmaceuticals (TNXP) announced that the FDA has set a PDUFA goal date of August 15, 2025, for their TNX-102 SL marketing approval decision for fibromyalgia treatment. The drug, granted Fast Track designation in July 2024, is a non-opioid, centrally-acting analgesic that could become the first new fibromyalgia treatment in over 15 years.

The NDA submission is supported by two successful Phase 3 trials: RELIEF (completed December 2020) and RESILIENT (completed December 2023), both showing statistically significant pain reduction compared to placebo (p=0.010 and p=0.00005 respectively). TNX-102 SL demonstrated favorable tolerability with minimal adverse events, primarily consisting of temporary tongue numbness at the administration site.

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Tonix Pharmaceuticals announced FDA acceptance of its New Drug Application (NDA) for TNX-102 SL, a non-opioid analgesic for fibromyalgia management. The drug, granted Fast Track designation in July 2024, could become the first new fibromyalgia treatment in over 15 years. The NDA is supported by two successful Phase 3 trials: RELIEF (completed December 2020) and RESILIENT (completed December 2023), both showing significant pain reduction compared to placebo (p=0.010 and p=0.00005 respectively).

TNX-102 SL was generally well tolerated, with tongue/mouth numbness being the most common side effect. The drug targets a condition affecting over 10 million U.S. adults, predominantly women. The FDA is expected to assign a PDUFA target action date and announce Priority Review status in the Day 74 Letter.

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Tonix Pharmaceuticals (TNXP) announces two strategic hires to support the launch of TNX-102 SL for fibromyalgia management. Bradley Raudabaugh, MBA, joins as VP Marketing with 25+ years experience, previously VP of Product Strategy at Axsome Therapeutics. Errol Gould, Ph.D., becomes VP Medical Affairs, bringing 25+ years in R&D and medical affairs. The company submitted an NDA for TNX-102 SL in October 2024, with FDA acceptance expected December 2024 and a decision in 2025. If approved, TNX-102 SL would be the first new fibromyalgia drug in over 15 years and the first in a new class of analgesics.

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Tonix Pharmaceuticals (Nasdaq: TNXP) announced that Chief Operating Officer Jessica Morris will present at NobleCon20, Noble Capital Markets' Twentieth Annual Emerging Growth Equity Conference on December 3-4 in Boca Raton, Florida. The presentation is scheduled for Tuesday, December 3, 2024, at 12:00 p.m. ET.

The company highlighted its development portfolio, including TNX-102 SL for fibromyalgia management, which has FDA Fast Track designation and awaits an FDA decision on NDA acceptance in December. Other key developments include TNX-1300 for cocaine intoxication treatment, TNX-1500 for organ transplant rejection, and a recent $34 million contract with the U.S. DoD for developing TNX-4200 antiviral agents.

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Tonix Pharmaceuticals (Nasdaq: TNXP) announced that Chief Operating Officer Jessica Morris will present at the Winter 2024 Investor Summit Virtual on November 21, 2024, at 10:00 a.m. ET. The company, which focuses on pain management therapies and vaccines, highlighted its development portfolio including TNX-102 SL for fibromyalgia management, currently awaiting FDA review decision in December. The company also develops TNX-1300 for cocaine intoxication and TNX-1500 for organ transplant rejection. Recently, Tonix secured a contract worth up to $34 million with the U.S. DoD's DTRA to develop TNX-4200 antiviral agents. Their commercial subsidiary markets Zembrace SymTouch and Tosymra for acute migraine treatment.

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Tonix Pharmaceuticals (TNXP) presented data from their Phase 3 RESILIENT study of TNX-102 SL for fibromyalgia treatment at the ACR Convergence 2024. The study demonstrated statistically significant improvement in the primary endpoint of fibromyalgia nociplastic pain (p-value=0.00005) and all six key secondary endpoints, including sleep quality. The company submitted a New Drug Application to the FDA in October 2024, with a decision expected in 2025. If approved, TNX-102 SL would be the first new fibromyalgia drug in over 15 years and the first in a new class of non-opioid analgesics targeting non-restorative sleep.

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Tonix Pharmaceuticals (TNXP) announced a poster presentation at the ACR Convergence 2024 Annual Meeting in Washington, D.C. CEO Seth Lederman will present data on a Phase 3 trial of TNX-102 SL for fibromyalgia. The company awaits FDA decision on NDA acceptance and PDUFA date in December, with potential approval decision in 2025. The FDA has granted Fast Track designation for TNX-102 SL. The company's pipeline includes TNX-1300 for cocaine intoxication, TNX-1500 for organ transplant rejection, and recently secured a DoD contract worth up to $34 million for developing TNX-4200 antiviral agents.

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Tonix Pharmaceuticals (TNXP) announced the publication of data in mSphere journal showing that their single-dose mpox and smallpox vaccine candidate TNX-801 is well-tolerated in immune-compromised animals. The study demonstrates that TNX-801 is 10 to 1,000-fold more attenuated compared to older vaccinia vaccines. This research comes amid WHO's declaration of two ongoing public health emergencies (PHEICs) related to different mpox clades: the new Clade Ib outbreak affecting 16 African countries and several non-African nations, and the continuing Clade IIb outbreak from 2022. Previously, TNX-801 showed protection against lethal Clade Ia monkeypox challenges in animal studies.

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Tonix Pharmaceuticals submitted a New Drug Application (NDA) to FDA for TNX-102 SL for fibromyalgia treatment, based on two successful Phase 3 studies. The drug received Fast Track Designation in July 2024, with an FDA decision expected in December 2024. If approved in 2025, it would be the first new fibromyalgia drug in over 15 years. The company reported Q3 2024 financial results with $28.2 million in cash, $2.8 million in product revenue, and a net loss of $14.2 million. Tonix also secured a DoD contract worth up to $34 million for antiviral drug development.

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FAQ

What is the current stock price of Tonix Pharmaceuticals Holding (TNXP)?

Tonix Pharmaceuticals Holding (TNXP) last closed at $3.24.

What is the market cap of Tonix Pharmaceuticals Holding (TNXP)?

The market cap of Tonix Pharmaceuticals Holding (TNXP) is approximately $63.0M.