STOCK TITAN

Tonix Pharmaceuticals Presented Retrospective U.S. Real-World Claims Analysis of Opioid Use in Patients with Fibromyalgia at the 2026 American Society of Clinical Psychopharmacology (ASCP) Annual Meeting

(Moderate)
(Neutral)
Tags

Tonix Pharmaceuticals (Nasdaq: TNXP) presented a retrospective U.S. real-world claims analysis of opioid and benzodiazepine use in adults with fibromyalgia at the 2026 ASCP Meeting.

The Year 3 cohort (2023-2024) included 261,776 adults and showed substantial, persistent health burden linked to prescribed opioid use. Tonix also highlighted its FDA-approved, non-opioid fibromyalgia medicine TONMYA, commercially launched in November 2025.

Loading...
Loading translation...

Positive

  • None.

Negative

  • None.

News Market Reaction – TNXP

-2.45%
3 alerts
-2.45% News Effect
-$5M Valuation Impact
$203.40M Market Cap
0.3x Rel. Volume

On the day this news was published, TNXP declined 2.45%, reflecting a moderate negative market reaction. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $5M from the company's valuation, bringing the market cap to $203.40M at that time.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights a large real‑world claims analysis of 261,776 adults with fibromyalgia,...
Analysis

This announcement highlights a large real‑world claims analysis of 261,776 adults with fibromyalgia, showing substantial opioid and benzodiazepine use and similar opioid possession ratios across insurance types. It reinforces the clinical backdrop for non‑opioid treatments like TONMYA, launched in November 2025. In context with recent Phase 1 data for TNX‑1500 and prior health‑economics work, this adds to Tonix’s evidence base. Investors may watch further utilization trends and additional outcomes data from these cohorts.

Key Figures

Year 3 cohort size: 261,776 patients Mean age: 52.3 years Female proportion: 92.1% +5 more
8 metrics
Year 3 cohort size 261,776 patients Adults with fibromyalgia in Symphony Health claims, April 2023–March 2024
Mean age 52.3 years Year 3 fibromyalgia cohort
Female proportion 92.1% Year 3 fibromyalgia cohort, predominantly female
Commercial/MA opioid use 40.2% Commercial or Medicare Advantage fibromyalgia patients prescribed ≥1 opioid
Medicaid opioid use 38.8% Medicaid fibromyalgia patients prescribed ≥1 opioid
Concomitant opioid/benzodiazepine (Commercial/MA) 19.1% Commercial or Medicare Advantage patients with both drug classes
Concomitant opioid/benzodiazepine (Medicaid) 20.4% Medicaid patients with both opioid and benzodiazepine use
Opioid MPR 0.39–0.40 Medication Possession Ratio for opioid use across insurance groups

Historical Context

5 past events · Latest: May 27 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
May 27 Phase 1 data TNX-1500 Positive -4.9% Phase 1 TNX-1500 data published showing tolerability and pharmacodynamic effects.
May 26 Fibromyalgia claims data Positive +0.0% ISPOR presentation on fibromyalgia claims showing high comorbidity and costs.
May 14 Conference presentation plan Positive +1.8% Announcement of upcoming ISPOR poster tied to TONMYA approval and launch.
May 12 Investor conferences Positive +4.2% Participation in two healthcare investor conferences with CEO fireside chats.
May 11 Q1 2026 earnings Positive -5.9% Q1 2026 results with higher net product revenue from initial TONMYA launch.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent positive clinical, launch, and earnings updates often saw mixed to negative next-day price reactions, with more divergences than alignments.

Recent Company History

Over recent months, TNXP has highlighted the commercial rollout of TONMYA, real‑world fibromyalgia claims work, and progress in its monoclonal antibody pipeline (TNX‑1500 and TNX‑4800). The first full quarter of TONMYA generated net product revenue of about $6.9M, yet that earnings report coincided with a -5.88% move. Similarly, favorable Phase 1 data for TNX‑1500 preceded a -4.86% reaction. Today’s fibromyalgia opioid‑use analysis builds on this pattern of clinically oriented, largely positive updates amid a volatile share response.

Key Terms

fibromyalgia, opioid, benzodiazepine, medication possession ratio, +2 more
6 terms
fibromyalgia medical
"Real-world analysis of three years of closed claims data ... adults with fibromyalgia"
Fibromyalgia is a long-term condition that causes widespread body pain, extreme tiredness, and problems with sleep, memory and mood; people often feel unusually sensitive to normal touch or pressure, and symptoms can fluctuate from day to day. It matters to investors because it affects workforce productivity, healthcare spending, and demand for treatments—so advances in diagnostics, drugs, or care delivery can change market size and company prospects, much like a fuel problem that reduces a car’s performance and reliability.
opioid medical
"Data demonstrate a substantial and persistent health burden associated with prescribed opioid use"
An opioid is a type of drug that reduces pain by binding to receptors in the nervous system; it includes prescription painkillers and some illegal substances. Investors care because opioids carry medical benefit but also risks—addiction, heavy regulation, litigation and changing prescribing practices—that can affect sales, legal costs, reputations and future product approvals, much like how a product recall or safety scandal can quickly change a company’s value.
benzodiazepine medical
"to evaluate opioid and benzodiazepine use among adults diagnosed with fibromyalgia"
A benzodiazepine is a type of prescription drug that calms the brain and body to relieve anxiety, help sleep, stop seizures or relax muscles — think of it as a temporary dimmer switch for overactive nerve signals. For investors, benzodiazepines matter because their demand, safety profile, regulatory restrictions, generic competition and litigation risk can directly affect drug makers’ sales, development plans and healthcare costs.
medication possession ratio medical
"The Medication Possession Ratio (MPR) for opioid use was similar for ... patients (0.39) and Medicaid"
Medication possession ratio (MPR) is a simple measure of how consistently patients refill and have a prescription medicine available over a defined time, calculated as the total days’ supply dispensed divided by the number of days in the period. For investors, MPR signals real-world drug use and revenue stability—like watching how often drivers refuel to judge demand—and can affect sales forecasts, payer decisions, and the perceived effectiveness of treatments.
icd-10-cm medical
"fibromyalgia (ICD-10-CM diagnosis code M79.7)"
ICD-10-CM is the U.S. clinical coding system that assigns standardized alphanumeric codes to diagnoses and reasons for medical care, acting like a universal ‘zip code’ for illnesses and conditions. For investors, those codes drive billing and reimbursement, shape claims and outcomes data used to measure market size and product uptake, and influence revenue flow and regulatory documentation for healthcare products and services.
sublingual medical
"TONMYA (cyclobenzaprine HCl sublingual tablets), a first-in-class, first-line, non-opioid analgesic"
Sublingual describes a way to take a drug or supplement by placing it under the tongue so active ingredients are absorbed through the thin tissue there directly into the bloodstream. Like taking a shortcut compared with swallowing a pill, this can produce faster effects, simpler dosing and sometimes more predictable delivery. Investors watch for sublingual formulations because they can affect a product’s market appeal, regulatory pathway, pricing and competitive positioning.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

Real-world analysis of three years of closed claims data from Symphony Health, focused on the third year of the study (2023-2024), comprised of more than 261,000 U.S. adults with fibromyalgia

Data demonstrate a substantial and persistent health burden associated with prescribed opioid use among adults with fibromyalgia

Tonix commercially launched TONMYA® in November 2025, the first new fibromyalgia drug for adults in the U.S. in over 15 years approved by the U.S. Food and Drug Administration (FDA)

BERKELEY HEIGHTS, N.J., May 28, 2026 (GLOBE NEWSWIRE) -- Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) ("Tonix" or the "Company"), a fully-integrated, commercial-stage biotechnology company, presented data from a real-world claims analysis of opioid use in U.S. adults with fibromyalgia at the 2026 ASCP Annual Meeting, held May 26-29, 2026, in Miami Beach, Florida.

“Opioids remain widely prescribed for fibromyalgia despite long-standing guidelines that discourage their use due to lack of efficacy, a growing concern that they worsen fibromyalgia symptoms and the risk of dependence,1-6” said Seth Lederman, M.D., Chief Executive Officer of Tonix Pharmaceuticals. “The discrepancy between real-world practice and evidence-based recommendations reveals a gap in knowledge and an urgent need to educate health care prescribers about the nature of fibromyalgia and the availability of non-opioid, FDA-approved medicines. Tonix is currently executing on the launch of TONMYA® (cyclobenzaprine HCl sublingual tablets), a first-in-class, first-line, non-opioid analgesic medicine FDA approved for daily bedtime administration and long-term use in adults with fibromyalgia.”

Data presented at ASCP 2026 represent a retrospective cohort study using the Symphony Health closed claims database, encompassing administrative medical and pharmacy claims collected between April 2021 and April 2024, to evaluate opioid and benzodiazepine use among adults diagnosed with fibromyalgia (ICD-10-CM diagnosis code M79.7). The study’s objective was to quantify opioid and benzodiazepine use in patients diagnosed with fibromyalgia and characterize patients by age, insurance coverage, and polypharmacy. The Year 3 cohort (April 2023 to March 2024) included 261,776 adult patients, with a mean age of 52.3 years. The cohort was predominantly female (92.1%).

Among patients with Commercial or Medicare Advantage insurance, 40.2% of patients were prescribed at least one opioid, with most claims for tramadol (13.7%), followed by oxycodone (13.1%). Among Medicaid patients, 38.8% were prescribed at least one opioid, with most claims for oxycodone (15.7%), followed by tramadol (11.1%). The Medication Possession Ratio (MPR) for opioid use was similar for Commercial or Medicare Advantage patients (0.39) and Medicaid patients (0.40). Opioid use showed the highest prevalence in older age groups: 61-65 years (43.1%), 66-70 years (39.2%), 71-75 years (38.5%), and >75 years (34.4%), and was lower, but still common for younger adults 18-25 years (20.9%). Concomitant opioid and benzodiazepine use was similar in patients covered under Medicare Advantage or Commercial insurance (19.1%) and Medicaid patients (20.4%).

A copy of the Company’s poster presentation, "Opioid Use in Patients with Fibromyalgia: A Retrospective Claims Analysis," is available under the Scientific Presentations tab on the Tonix website at https://www.tonixpharma.com/scientific-presentations/.

About Fibromyalgia

Fibromyalgia is a chronic pain disorder that is understood to result from amplified sensory and pain signaling within the central nervous system. Fibromyalgia afflicts more than 10 million adults in the U.S., predominantly in women. Symptoms of fibromyalgia include chronic widespread pain, nonrestorative sleep, fatigue, and morning stiffness. Other associated symptoms include cognitive dysfunction and mood disturbances, including anxiety and depression. Individuals suffering from fibromyalgia struggle with their daily activities, have impaired quality of life, and frequently are disabled. Physicians and patients report common dissatisfaction with currently marketed products.

About TONMYA® (cyclobenzaprine HCl sublingual tablets)

TONMYA (cyclobenzaprine HCl sublingual tablets) is a sublingual tablet formulation of cyclobenzaprine hydrochloride that was approved on August 15, 2025, by the FDA for the treatment of fibromyalgia in adults. TONMYA is the first new prescription medicine approved for fibromyalgia in more than 15 years. TONMYA provides rapid transmucosal absorption of cyclobenzaprine and reduced production of a long half-life active metabolite, norcyclobenzaprine, due to bypassing first-pass hepatic metabolism. TONMYA is a multifunctional agent with potent binding and antagonist activities at the 5-HT2A serotonergic, α1-adrenergic, H1-histaminergic, and M1-muscarinic receptors. TONMYA was investigated as TNX-102 SL. TNX-102 SL is also being developed to treat acute stress disorder (ASD)/acute stress reaction (ASR), and major depressive disorder (MDD). The United States Patent and Trademark Office (USPTO) issued United States Patent No. 9636408 in May 2017, Patent No. 9956188 in May 2018, Patent No. 10117936 in November 2018, Patent No. 10,357,465 in July 2019, and Patent No. 10736859 in August 2020. The Protectic™ protective eutectic and Angstro-Technology™ formulation claimed in the patent are important elements of Tonix’s proprietary TONMYA composition. These patents are expected to provide TONMYA with U.S. market exclusivity until 2034.

Citations

1Winslow BT, et al. Am Fam Physician. 2023;107(2):137–44.
2Macfarlane GJ, et al. Annals of the Rheumatic Diseases. 2017;76(2):318.
3Martucci KT, et al. Sci Rep. 2019;9(1):9633.
4Turner JA, et al. Pain. 2016;157(10):2208–2216.
5Fitzcharles MA, et al. J Rheumatol. 2013;40(8):1388–1393.
6American College of Rheumatology. Fibromyalgia. 2024. Available from: https://www.rheumatology.org/I-Am-A/Patient-Caregiver/Diseases-Conditions/Fibromyalgia

Tonix Pharmaceuticals Holding Corp.

Tonix Pharmaceuticals* is a fully integrated, commercial-stage biotechnology company focused on central nervous system (CNS) disorders, infectious diseases, immunology conditions, and rare diseases where there exists high unmet medical need. TONMYA® (cyclobenzaprine HCl sublingual tablets 2.8mg), the Company’s flagship internally conceived and developed medicine, is the first new treatment for fibromyalgia in more than 15 years. Tonix’s CNS commercial infrastructure supports its marketed products, including its acute migraine products, Zembrace® SymTouch® (sumatriptan injection 3 mg) and Tosymra® (sumatriptan nasal spray 10 mg). Tonix is extending the science behind TONMYA in Phase 2 clinical studies to evaluate its potential in major depressive disorder and acute stress disorder/acute stress reaction. Tonix is also advancing a pipeline of infectious disease programs, including monoclonal antibody TNX-4800 (anti-OspA mAb) for Lyme disease prevention in the U.S. and TNX-801 (horsepox, live virus vaccine), a vaccine in development for the prevention of mpox and smallpox. Within immunology, Tonix is developing TNX-1500 (anti-CD40L mAb), a third-generation CD40 ligand inhibitor for the prevention of kidney transplant rejection. Finally, the Company’s rare disease portfolio includes TNX-2900, which is Phase 2 ready for the treatment of Prader-Willi syndrome. To learn more, visit www.tonixpharma.com.

*Tonix’s product development candidates are investigational new drugs or biologics; their efficacy and safety have not been established and have not been approved for any indication.

Zembrace SymTouch and Tosymra are registered trademarks of Tonix Medicines. TONMYA is a registered trademark of Tonix Pharma Limited. All other marks are property of their respective owners.

Forward Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 including those relating to the completion of the offering, the satisfaction of customary closing conditions, the intended use of proceeds from the offering and other statements that are predictive in nature. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, risks related to the failure to successfully launch and commercialize TONMYA® and any of our approved products; risks related to the failure to obtain FDA clearances or approvals and noncompliance with FDA regulations; risks related to the timing and progress of clinical development of our product candidates; our need for additional financing; uncertainties of patent protection and litigation; uncertainties of government or third party payor reimbursement; limited research and development efforts and dependence upon third parties; and substantial competition. As with any pharmaceutical under development, there are significant risks in the development, regulatory approval and commercialization of new products. Tonix does not undertake an obligation to update or revise any forward-looking statement. Investors should read the risk factors set in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on March 12, 2026, and periodic reports filed with the SEC on or after the date thereof. Tonix does not undertake an obligation to update or revise any forward-looking statement. All of Tonix’s forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof.

Investor Contacts
Jessica Morris
Tonix Pharmaceuticals
investor.relations@tonixpharma.com
(862) 799-8599

Brian Korb
astr partners
(917) 653-5122
brian.korb@astrpartners.com

Media Contacts
Deborah Elson
Tonix Pharmaceuticals
deborah.elson@tonixpharma.com
  
Ray Jordan
Putnam Insights
ray@putnaminsights.com

INDICATION
TONMYA is indicated for the treatment of fibromyalgia in adults.

CONTRAINDICATIONS
TONMYA is contraindicated:

In patients with hypersensitivity to cyclobenzaprine or any inactive ingredient in TONMYA. Hypersensitivity reactions may manifest as an anaphylactic reaction, urticaria, facial and/or tongue swelling, or pruritus. Discontinue TONMYA if a hypersensitivity reaction is suspected. With concomitant use of monoamine oxidase (MAO) inhibitors or within 14 days after discontinuation of an MAO inhibitor. Hyperpyretic crisis seizures and deaths have occurred in patients who received cyclobenzaprine (or structurally similar tricyclic antidepressants) concomitantly with MAO inhibitors drugs.

During the acute recovery phase of myocardial infarction, and in patients with arrhythmias, heart block or conduction disturbances, or congestive heart failure. In patients with hyperthyroidism.

WARNINGS AND PRECAUTIONS
Embryofetal toxicity: Based on animal data, TONMYA may cause neural tube defects when used two weeks prior to conception and during the first trimester of pregnancy. Advise females of reproductive potential of the potential risk and to use effective contraception during treatment and for two weeks after the final dose. Perform a pregnancy test prior to initiation of treatment with TONMYA to exclude use of TONMYA during the first trimester of pregnancy.

Serotonin syndrome: Concomitant use of TONMYA with selective serotonin reuptake inhibitors (SSRIs), serotonin norepinephrine reuptake inhibitors (SNRIs), tricyclic antidepressants, tramadol, bupropion, meperidine, verapamil, or MAO inhibitors increases the risk of serotonin syndrome, a potentially life-threatening condition. Serotonin syndrome symptoms may include mental status changes, autonomic instability, neuromuscular abnormalities, and/or gastrointestinal symptoms. Treatment with TONMYA and any concomitant serotonergic agent should be discontinued immediately if serotonin syndrome symptoms occur and supportive symptomatic treatment should be initiated. If concomitant treatment with TONMYA and other serotonergic drugs is clinically warranted, careful observation is advised, particularly during treatment initiation or dosage increases.

Tricyclic antidepressant-like adverse reactions: Cyclobenzaprine is structurally related to TCAs. TCAs have been reported to produce arrhythmias, sinus tachycardia, prolongation of the conduction time leading to myocardial infarction and stroke. If clinically significant central nervous system (CNS) symptoms develop, consider discontinuation of TONMYA. Caution should be used when TCAs are given to patients with a history of seizure disorder, because TCAs may lower the seizure threshold. Patients with a history of seizures should be monitored during TCA use to identify recurrence of seizures or an increase in the frequency of seizures.

Atropine-like effects: Use with caution in patients with a history of urinary retention, angle-closure glaucoma, increased intraocular pressure, and in patients taking anticholinergic drugs.

CNS depression and risk of operating a motor vehicle or hazardous machinery: TONMYA monotherapy may cause CNS depression. Concomitant use of TONMYA with alcohol, barbiturates, or other CNS depressants may increase the risk of CNS depression. Advise patients not to operate a motor vehicle or dangerous machinery until they are reasonably certain that TONMYA therapy will not adversely affect their ability to engage in such activities. Oral mucosal adverse reactions: In clinical studies with TONMYA, oral mucosal adverse reactions occurred more frequently in patients treated with TONMYA compared to placebo. Advise patients to moisten the mouth with sips of water before administration of TONMYA to reduce the risk of oral sensory changes (hypoesthesia). Consider discontinuation of TONMYA if severe reactions occur.

ADVERSE REACTIONS
The most common adverse reactions (incidence ≥2% and at a higher incidence in TONMYA-treated patients compared to placebo-treated patients) were oral hypoesthesia, oral discomfort, abnormal product taste, somnolence, oral paresthesia, oral pain, fatigue, dry mouth, and aphthous ulcer.

DRUG INTERACTIONS
MAO inhibitors: Life-threatening interactions may occur.
Other serotonergic drugs: Serotonin syndrome has been reported.
CNS depressants: CNS depressant effects of alcohol, barbiturates, and other CNS depressants may be enhanced.

Tramadol: Seizure risk may be enhanced.
Guanethidine or other similar acting drugs: The antihypertensive action of these drugs may be blocked.

USE IN SPECIFIC POPULATIONS
Pregnancy: Based on animal data, TONMYA may cause fetal harm when administered to a pregnant woman. The limited amount of available observational data on oral cyclobenzaprine use in pregnancy is of insufficient quality to inform a TONMYA-associated risk of major birth defects, miscarriage, or adverse maternal or fetal outcomes. Advise pregnant women about the potential risk to the fetus with maternal exposure to TONMYA and to avoid use of TONMYA two weeks prior to conception and through the first trimester of pregnancy. Report pregnancies to the Tonix Medicines, Inc., adverse-event reporting line at 1-888-869-7633 (1-888-TNXPMED).

Lactation: A small number of published cases report the transfer of cyclobenzaprine into human milk in low amounts, but these data cannot be confirmed. There are no data on the effects of cyclobenzaprine on a breastfed infant, or the effects on milk production. The developmental and health benefits of breastfeeding should be considered along with the mother’s clinical need for TONMYA and any potential adverse effects on the breastfed child from TONMYA or from the underlying maternal condition.

Pediatric use: The safety and effectiveness of TONMYA have not been established. Geriatric patients: Of the total number of TONMYA-treated patients in the clinical trials in adult patients with fibromyalgia, none were 65 years of age and older. Clinical trials of TONMYA did not include sufficient numbers of patients 65 years of age and older to determine whether they respond differently from younger adult patients.

Hepatic impairment: The recommended dosage of TONMYA in patients with mild hepatic impairment (HI) (Child Pugh A) is 2.8 mg once daily at bedtime, lower than the recommended dosage in patients with normal hepatic function. The use of TONMYA is not recommended in patients with moderate HI (Child Pugh B) or severe HI (Child Pugh C). Cyclobenzaprine exposure (AUC) was increased in patients with mild HI and moderate HI compared to subjects with normal hepatic function, which may increase the risk of TONMYA-associated adverse reactions.

Please see additional safety information in the full Prescribing Information. To report suspected adverse reactions, contact Tonix Medicines, Inc. at 1-888-869-7633, or the FDA at 1-800-FDA-1088 or www.fda.gov/medwatch


FAQ

What did Tonix Pharmaceuticals (NASDAQ: TNXP) present at the 2026 ASCP Meeting about fibromyalgia and opioids?

Tonix presented a retrospective claims analysis of opioid and benzodiazepine use in U.S. adults with fibromyalgia. According to Tonix, the three-year Symphony Health study evaluated prescribing patterns, patient demographics, and polypharmacy, highlighting substantial and persistent health burden associated with prescribed opioid use in this population.

How many fibromyalgia patients were included in Tonix (TNXP) opioid claims study and what time period was analyzed?

The Year 3 cohort of Tonix’s analysis included 261,776 U.S. adults with fibromyalgia. According to Tonix, data came from Symphony Health closed claims between April 2023 and March 2024, focusing on age, insurance type, opioid and benzodiazepine prescribing, and medication possession ratios.

What were opioid prescription rates among commercially insured fibromyalgia patients in Tonix (TNXP) real-world analysis?

Among commercially insured or Medicare Advantage adults with fibromyalgia, 40.2% received at least one opioid prescription. According to Tonix, the most common opioids were tramadol at 13.7% of patients and oxycodone at 13.1%, with a Medication Possession Ratio of 0.39.

How common was concomitant opioid and benzodiazepine use in Tonix (TNXP) fibromyalgia claims study?

Concomitant opioid and benzodiazepine use occurred in about one in five fibromyalgia patients in the study. According to Tonix, overlapping use affected 19.1% of commercially insured or Medicare Advantage patients and 20.4% of Medicaid patients, indicating frequent dual exposure to these medication classes.

What is TONMYA and when did Tonix Pharmaceuticals (TNXP) launch this fibromyalgia treatment?

TONMYA is a cyclobenzaprine HCl sublingual tablet approved for adults with fibromyalgia. According to Tonix, it is a first-in-class, first-line, non-opioid analgesic for bedtime, long-term use, commercially launched in November 2025 as the first new U.S. fibromyalgia drug in over 15 years.