Tonix Pharmaceut Stock Price, News & Analysis

Tonix Pharmaceuticals (Nasdaq: TNXP) presented data on TNX-801, a live horsepox virus vaccine, at the World Vaccine and Immunotherapy Congress. CEO Seth Lederman emphasized that TNX-801 could offer better protection against monkeypox and smallpox compared to modern vaccines. The company plans to initiate a Phase 1 clinical study in Kenya in H1 2023 and has reported positive data from non-human primates showing complete protection from monkeypox. TNX-801 is based on the 1976 horsepox strain, suggesting it has a close genetic link to Edward Jenner's original smallpox vaccine.

Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) presented data on its fully human anti-SARS-CoV-2 monoclonal antibody platform at the World Antiviral Congress 2022. Collaborating with Columbia University, the project aims to enhance understanding of immune responses to COVID-19 and develop targeted therapeutics. CEO Seth Lederman emphasized the necessity for second-generation monoclonal antibody treatments due to new variants and declining efficacy of existing ones. The company is exploring rapid development of novel therapeutics from patient samples, showcasing its capabilities in biologics manufacturing.

Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) announced its participation in the A.G.P. Biotech Conference, scheduled for November 30 - December 1, 2022. The conference will be virtual, allowing management to engage in investor meetings. Interested investors can arrange meetings via the conference coordinator. Tonix focuses on developing therapeutics for CNS disorders, rare diseases, immunology, and infectious diseases. Key products under development include TNX-102 SL for fibromyalgia and TNX-1300 for cocaine intoxication. Upcoming studies include Phase 2 trials for various treatments in 2023.

Tonix Pharmaceuticals (Nasdaq: TNXP) announced that CEO Seth Lederman will present at the World Vaccine and Immunotherapy Congress 2022 in San Diego from November 28 to December 1, 2022. The presentation, titled ‘Showcase 1: Early Development of Smallpox & Monkey Pox Vaccines,’ is scheduled for December 1 at 10:40 a.m. PT. Tonix focuses on developing therapeutics for various diseases, with key candidates in CNS disorders, rare diseases, and infectious diseases. Future studies for multiple product candidates are anticipated in 2023.

Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) presented data on oxytocin's effects on isolated human sensory neurons at Neuroscience 2022. This study indicates oxytocin's potential role in pain modulation, citing evidence that it may serve as a non-opioid analgesic. The company anticipates starting a Phase 2 study of intranasal oxytocin for chronic migraine by 2022's end. Prior findings showed oxytocin receptors on sensory neurons, with inflammation increasing receptor presence. Additionally, magnesium significantly enhances oxytocin's analgesic effects, supporting its therapeutic use.

Tonix Pharmaceuticals (Nasdaq: TNXP) announced a poster presentation at the Neuroscience 2022 conference, scheduled for November 12-16, 2022, in San Diego. The presentation, titled “In Vitro Impact of Oxytocin on Human Sensory Neurons”, will occur on November 14, 2022, from 1:00 p.m. to 2:00 p.m. PT. Notable authors include Dr. David C. Yeomans from Stanford University and Tonix's Dr. David Hsu. The company continues to develop therapeutics for various conditions, with ongoing studies for fibromyalgia and Long COVID, while maintaining a focus on CNS, rare diseases, and immunology.

Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) reported third-quarter financial results for 2022, revealing cash and equivalents of $140 million. The company is advancing its pipeline, with a Phase 3 study for TNX-102 SL in fibromyalgia underway, and a Phase 2 study for Long COVID expected to show interim data in Q2 2023. R&D expenses rose to $22.2 million, driven by increased clinical activities, leading to a net loss of $29 million, or $0.69 per share. Tonix's diverse pipeline targets CNS disorders, rare diseases, and infectious diseases, with several trials anticipated to start soon.

Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) announced that COO Jessica Morris will present at BioFuture on November 8, 2022, at 11:00 a.m. ET, at the Lotte New York Palace. During the event, she will host investor meetings. Interested investors can register for meetings via the BioFuture website. Tonix is focused on developing therapeutics for CNS, rare diseases, immunology, and infectious diseases, with key candidates in advanced stages, including TNX-102 SL for fibromyalgia and TNX-1300 for cocaine intoxication.

Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) has entered a securities purchase agreement with institutional investors for 1,400,000 shares of Series A convertible redeemable preferred stock and 100,000 shares of Series B preferred stock at a price of $9.50 per share. This pricing reflects a 5% discount to the stated value of $10.00. The total gross proceeds from this offering are expected to be $15 million. The closing is anticipated on or about October 26, 2022, subject to customary conditions.