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Tonix Pharmaceuticals to Present Retrospective U.S. Real-World Claims Analysis Characterizing Patients with Fibromyalgia at ISPOR 2026

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Tonix Pharmaceuticals (Nasdaq: TNXP) will present a poster at ISPOR 2026 in Philadelphia, May 17-20, 2026. The retrospective cohort study uses U.S. claims data from April 2021-April 2024 to characterize adults with fibromyalgia.

The research is linked to TONMYA, approved by the U.S. FDA on August 15, 2025 and launched November 17, 2025. Poster RWD167 will be presented May 20, 2026, 9:00-11:30 a.m. ET, and the poster will later be available on Tonix’s website.

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News Market Reaction – TNXP

+1.81%
34 alerts
+1.81% Session close to close
+7.7% Peak in 1 hr 44 min
$252.20M Market Cap
1.4x Rel. Volume

In the May 14 session, TNXP gained 1.81%, reflecting a mild positive market reaction. Argus tracked a peak move of +7.7% during that session. Our momentum scanner triggered 34 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights a real-world claims analysis of fibromyalgia patients using data from A...
Analysis

This announcement highlights a real-world claims analysis of fibromyalgia patients using data from April 2021–April 2024, adding context around TONMYA’s approved indication following its August 15, 2025 FDA approval and November 17, 2025 U.S. launch. In recent months, investors have seen payer-access expansion, early revenue ramp, and pipeline updates. Monitoring future disclosures on TONMYA utilization, additional real-world outcomes, financing steps, and progress of programs like TNX-4800 could be important.

Key Figures

Claims analysis period: April 2021–April 2024 TONMYA FDA approval date: August 15, 2025 TONMYA U.S. launch: November 17, 2025 +2 more
5 metrics
Claims analysis period April 2021–April 2024 U.S. real-world fibromyalgia claims used in retrospective cohort study
TONMYA FDA approval date August 15, 2025 U.S. FDA approval of TONMYA for fibromyalgia
TONMYA U.S. launch November 17, 2025 Commercial launch date in the United States
ISPOR 2026 dates May 17–20, 2026 Annual ISPOR meeting hosting the fibromyalgia claims poster
Poster session time 9:00–11:30 a.m. ET ISPOR 2026 poster session 5 for TNXP fibromyalgia poster

Historical Context

5 past events · Latest: May 12 (Neutral)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
May 12 Investor conferences Neutral +4.2% Participation in two May 2026 healthcare investor conferences and webcasts.
May 11 Q1 2026 earnings Neutral -5.9% Q1 2026 results showing TONMYA-driven revenue growth with higher losses.
May 06 TONMYA coverage deal Positive +8.8% Commercial payer agreement expanding TONMYA access to ~35M U.S. lives.
Apr 29 TNX-4800 Phase 1 data Positive -2.4% Positive Phase 1 data and adaptive Phase 2 field study plans for TNX-4800.
Apr 23 AACR IO data Positive -4.7% Preclinical immuno-oncology updates on TNX-1700 and TNX-4700 at AACR 2026.

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

Pattern Detected

Positive clinical and access updates have sometimes sold off, while commercial access news drew a strong positive reaction.

Recent Company History

Over recent months, Tonix has combined pipeline progress with commercialization of TONMYA. On Apr 23, preclinical immuno-oncology data for TNX-1700 and TNX-4700 coincided with a -4.73% move. Phase 1 and Phase 2 plans for TNX-4800 on Apr 29 saw a -2.44% reaction. In contrast, commercial payer coverage for TONMYA on May 6 led to an 8.81% gain. Q1 2026 results on May 11 produced a -5.88% move, while conference-participation news on May 12 aligned with a 4.22% rise.

Key Terms

retrospective cohort study, claims data, sublingual, u.s. fda
4 terms
retrospective cohort study medical
"The retrospective cohort study utilized U.S. claims data from April 2021-April 2024"
A retrospective cohort study is a research approach that looks back at existing records to compare outcomes for groups of people who were exposed to something (a drug, treatment, or risk factor) and those who were not. Think of it like reviewing past school report cards to see whether students who used a particular study method tended to do better; investors use these studies to judge the strength of evidence about safety or effectiveness, which can influence regulatory expectations, market confidence, and valuation risks.
claims data technical
"The retrospective cohort study utilized U.S. claims data from April 2021-April 2024"
Claims data are the detailed records created when an insurer, government program, or patient files for payment of medical services or prescriptions—think of them as the receipts and invoices for healthcare events, listing dates, diagnoses, procedures, provider identifiers and costs. Investors use claims data like a marketplace thermometer: it reveals real-world demand, treatment patterns, pricing and cost trends, and potential revenue or risk exposure for healthcare companies, payers and drug makers.
sublingual medical
"TONMYA® (cyclobenzaprine HCl sublingual tablets) was approved by the U.S. FDA"
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.
u.s. fda regulatory
"TONMYA® (cyclobenzaprine HCl sublingual tablets) was approved by the U.S. FDA"
The U.S. FDA is the federal agency that reviews and approves drugs, vaccines, medical devices and food products for safety and effectiveness before they can be sold in the United States. For investors, FDA actions act like a gatekeeper — approvals can open the door to large sales and higher company value, while rejections, delays or safety warnings can sharply cut a product’s market potential and a company’s revenue outlook.

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

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BERKELEY HEIGHTS, N.J., May 14, 2026 (GLOBE NEWSWIRE) -- Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) ("Tonix" or the "Company"), a fully integrated, commercial biotechnology company, today announced a poster presentation at ISPOR 2026, the Professional Society for Health Economics and Outcomes Research’s annual meeting, being held May 17-20, 2026, in Philadelphia, Pennsylvania. The retrospective cohort study utilized U.S. claims data from April 2021-April 2024 to analyze adults with fibromyalgia. TONMYA® (cyclobenzaprine HCl sublingual tablets) was approved by the U.S. FDA on August 15, 2025, and commercially launched in the U.S. on November 17, 2025.

Poster Presentation Details

Title: Characterizing Patients with Fibromyalgia: A U.S. Real-World Claims Analysis
Poster #: RWD167
Poster Session: 5
Date: Wednesday, May 20, 2026
Time: 9:00-11:30 a.m. ET
Presenter: William Olsufka, PharmD, Tonix Medicines, Inc.

After the presentation, a copy of poster will be available under the Scientific Presentations tab on the Tonix website at https://www.tonixpharma.com/.

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., approximately 90% of whom are 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 patented sublingual tablet formulation of cyclobenzaprine hydrochloride which provides rapid transmucosal absorption and reduced production of a long half-life active metabolite, norcyclobenzaprine, due to bypass of first-pass hepatic metabolism. As a multifunctional agent with potent binding and antagonist activities at the 5-HT2A serotonergic, α1-adrenergic, H1-histaminergic, and M1-muscarinic receptors, TONMYA 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 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 2034/2035.

Tonix Pharmaceuticals Holding Corp.
Tonix Pharmaceuticals* is a fully integrated, commercial-stage biotechnology company focused on central nervous system (CNS) and immunology treatments in areas of high unmet medical need. TONMYA® (cyclobenzaprine HCl sublingual tablets 2.8 mg) is the first new treatment for fibromyalgia in adults 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 investigating TONMYA in Phase 2 clinical trials to evaluate its potential in major depressive disorder and acute stress disorder/acute stress reaction. Tonix is also advancing a pipeline of immunology programs, including TNX-4800, a Phase 2 ready long-acting human anti-Borrelia OspA monoclonal antibody (mAb) for the prevention of Lyme disease in the U.S., and TNX-1500, a Phase 2 ready third-generation CD154/CD40 ligand (CD40L) inhibitor for the prevention of kidney transplant rejection. In addition, Tonix is progressing TNX-2900 (intranasal potentiated oxytocin), which is Phase 2 ready for the treatment of Prader-Willi syndrome, a rare disease. 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 is Tonix Pharmaceuticals (TNXP) presenting at ISPOR 2026?

Tonix is presenting a poster on a U.S. real-world claims analysis characterizing adults with fibromyalgia. According to Tonix, the retrospective cohort study uses claims data from April 2021 to April 2024 to better understand this patient population.

When and where will Tonix Pharmaceuticals present its fibromyalgia claims analysis poster?

Tonix will present its poster at ISPOR 2026 in Philadelphia on May 20, 2026, from 9:00-11:30 a.m. ET. According to Tonix, the poster is part of Poster Session 5 and is identified as RWD167.

What type of data is used in Tonix Pharmaceuticals’ fibromyalgia study presented at ISPOR 2026?

The study uses retrospective U.S. claims data from April 2021 to April 2024 to analyze adults with fibromyalgia. According to Tonix, this cohort design allows characterization of real-world patients seen in routine clinical practice across the United States.

Where can investors access Tonix Pharmaceuticals’ ISPOR 2026 fibromyalgia poster on TNXP?

After the ISPOR 2026 presentation, Tonix plans to post the fibromyalgia claims analysis poster on its website. According to Tonix, it will be available under the Scientific Presentations tab at the company’s main site, tonixpharma.com.

Who will present Tonix Pharmaceuticals’ fibromyalgia claims analysis at ISPOR 2026?

The poster will be presented by William Olsufka, PharmD, of Tonix Medicines. According to Tonix, Olsufka will discuss findings from the retrospective claims analysis characterizing adults with fibromyalgia during Poster Session 5 on May 20, 2026.