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Late-breaking ESC 2026 spot for Tenax (TENX) Phase 3 LEVEL trial data

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Tenax Therapeutics, Inc. filed an update stating that results from its Phase 3 LEVEL clinical trial of TNX-103 (oral levosimendan) in pulmonary hypertension in heart failure with preserved ejection fraction will be presented in a Late-Breaking Clinical Science session at the European Society of Cardiology Congress 2026 in Munich.

The company now plans to report topline LEVEL data in August 2026 and is moving toward database lock and statistical analysis in the coming weeks. The registrational trial enrolled over 230 patients in the United States and Canada and is powered at well over 90% to detect a 25-meter change in 6-minute walk distance, its primary endpoint.

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Insights

Tenax sets an August 2026 timeline for pivotal LEVEL Phase 3 data.

Tenax Therapeutics highlights that its registrational Phase 3 LEVEL trial of TNX-103 in PH-HFpEF will feature in a Late-Breaking Clinical Science session at the ESC Congress 2026. Late-breaking placement typically indicates that the data are considered clinically important by conference organizers.

The trial completed enrollment of over 230 patients and, after a blinded sample size re-estimation in December 2025, is described as powered at well over 90% to detect a 25-meter difference in 6-minute walk distance, the primary endpoint. This suggests the design targets a clinically meaningful functional improvement measure.

The company expects topline data in August 2026, aligning with the ESC meeting window. Actual impact on the business will depend on the magnitude and consistency of the results, subsequent regulatory review, and how TNX-103 compares with existing management options for PH-HFpEF, a condition currently lacking approved therapies.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Topline data timing August 2026 Expected timing for Phase 3 LEVEL topline results
ESC Congress dates August 28-31, 2026 ESC Congress 2026 in Munich hosting LEVEL presentation
Trial enrollment Over 230 patients LEVEL Phase 3 PH-HFpEF trial enrollment completed March 2026
Trial power Well over 90% Statistical power to detect primary endpoint difference
Primary endpoint effect size 25 meters Target change in 6-minute walk distance (6MWD)
Late-Breaking Clinical Science medical
"will be presented in a Late-Breaking Clinical Science session at the European Society of Cardiology"
Late-breaking clinical science describes newly released or last-minute medical study results that were not available until shortly before a conference presentation or public announcement and that have the potential to change how a drug, treatment, or medical device is viewed. For investors it matters because these results can quickly alter expectations about safety, effectiveness, regulatory approval, or market opportunity—similar to a sudden weather update that forces everyone to change travel plans and recalibrate forecasts.
registrational Phase 3 clinical trial medical
"LEVEL (NCT05983250) is a registrational Phase 3 clinical trial evaluating TNX-103"
pulmonary hypertension in heart failure with preserved ejection fraction medical
"in patients with pulmonary hypertension in heart failure with preserved ejection fraction (PH-HFpEF)"
6-minute walk distance medical
"to detect a 25-meter change in 6-minute walk distance (6MWD), the primary endpoint"
A 6-minute walk distance is a simple clinical test that measures how far a person can walk on a flat surface in six minutes, used to gauge heart and lung function and overall physical stamina. Investors care because changes in this distance are often used as a clear, quantifiable indicator of a treatment’s real-world benefit in clinical trials, which can influence regulatory decisions, market adoption and a company’s valuation.
Blinded Sample Size Re-estimation medical
"a prespecified Blinded Sample Size Re-estimation (BSSR) demonstrated the trial is powered"
A blinded sample size re-estimation is a mid-study check that adjusts how many participants a clinical trial needs based on aggregated data like event rates or variability, done without revealing who received the experimental treatment or control. For investors, it matters because changing the required number of participants can alter a trial’s cost, timeline and chances of producing reliable results—like increasing a recipe’s ingredient amounts mid-cook when you see the dish isn’t turning out as expected, but doing so without knowing which ingredient caused the issue.
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Learn about SEC filing dates
false 0000034956 0000034956 2026-07-02 2026-07-02
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 2, 2026

 

 

Tenax Therapeutics, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-34600   26-2593535
(State or other jurisdiction
of incorporation)
 

(Commission

File Number)

  (IRS Employer
Identification No.)

101 Glen Lennox Drive, Suite 300

Chapel Hill, North Carolina 27517

(Address of principal executive offices) (Zip Code)

919-855-2100

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange
on which registered

Common Stock, $0.0001 par value per share   TENX   The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 8.01

Other Events.

On July 2, 2026, Tenax Therapeutics, Inc. (the “Company”) issued a press release announcing that it will present results from its Phase 3 LEVEL clinical trial in a Late-Breaking Clinical Science session at the European Society of Cardiology (ESC) Congress 2026. The Company now expects to report topline data from the Phase 3 LEVEL clinical trial in August 2026. A copy of the press release is attached hereto as Exhibit 99.1.

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit 99.1    Press release dated July 2, 2026.
Exhibit 104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: July 2, 2026   TENAX THERAPEUTICS, INC.
    By:  

/s/ Christopher T. Giordano

    Name:   Christopher T. Giordano
    Title:   President and Chief Executive Officer

Exhibit 99.1

 

LOGO

Tenax Therapeutics Announces Late-Breaking Presentation of LEVEL Clinical Trial Data at ESC Congress 2026

Abstract recently submitted in anticipation of initial data analysis ahead of ESC

Company expects to report topline LEVEL results in August

CHAPEL HILL, N.C., July 2, 2026 (GLOBE NEWSWIRE) – Tenax Therapeutics, Inc. (Nasdaq: TENX) (“Tenax” or “Tenax Therapeutics” or the “Company”) announced today that results from the Phase 3 LEVEL clinical trial will be presented in a Late-Breaking Clinical Science session at the European Society of Cardiology (ESC) Congress 2026, being held August 28-31 in Munich, Germany.

In anticipation of potentially receiving topline results from the LEVEL clinical trial in time for presentation at ESC, an abstract was recently submitted. The Company now expects to report data in August 2026, and in the weeks ahead will proceed towards the planned database lock and statistical analysis.

Presentation Details

 

   

Title: “Levosimendan in patients with pulmonary hypertension due to heart failure with preserved ejection fraction: results of the LEVEL trial”

 

   

Presenter: Professor Sanjiv Shah, MD, Northwestern University

 

   

Presentation Date/Time: Saturday, 29 August 2026, 11:15-11:30 CEST

 

   

Location: Messe München GmbH, Munich, Germany

LEVEL (NCT05983250) is a registrational Phase 3 clinical trial evaluating TNX-103 (oral levosimendan) in patients with pulmonary hypertension in heart failure with preserved ejection fraction (PH-HFpEF) in the United States and Canada. Enrollment of over 230 patients was completed in March 2026. In December 2025, a prespecified Blinded Sample Size Re-estimation (BSSR) demonstrated the trial is powered at well over 90% to detect a 25-meter change in 6-minute walk distance (6MWD), the primary endpoint.

About Tenax Therapeutics

Tenax Therapeutics, Inc. is a Phase 3, development-stage pharmaceutical company using clinical insights to develop novel cardiopulmonary therapies. The Company owns global rights to develop and commercialize levosimendan, which it is developing for the treatment of PH-HFpEF, the most prevalent form of pulmonary hypertension globally, for which no product has been approved to date. For more information, visit www.tenaxthera.com. Tenax Therapeutics’ common stock is listed on The Nasdaq Stock Market LLC under the symbol “TENX”.


LOGO

 

Caution Regarding Forward-Looking Statements

Except for historical information, all of the statements, expectations and assumptions contained in this press release are forward-looking statements. These forward-looking statements may include information concerning our clinical trials and our possible or projected future business operations. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: risks of our clinical trials, including, but not limited to, the timing, delays, costs, design, location, initiation, enrollment, and results of such trials; any delays in regulatory review and approval of product candidates in development; our estimates regarding the potential market opportunity for our product candidates; reliance on third parties, including Orion Corporation, our manufacturers and CROs; risks regarding the formulation, production, marketing, customer acceptance and clinical utility of our product candidates; the potential advantages of our product candidates; risks related to our business strategy, including the prioritization and development of product candidates; our competitive position; our ability to maintain our culture and recruit, integrate and retain qualified personnel and advisors, including our executives and on our Board of Directors; intellectual property risks; volatility and uncertainty in the global economy and financial markets in light of unexpected changes in tariffs and the possibility of pandemics, global financial and geopolitical uncertainties, including in the Middle East and the Russian invasion of and war against the country of Ukraine; risks associated with our cash needs; changes in legal, regulatory and legislative environments in the markets in which we operate, and the impact of these changes on our ability to obtain regulatory approval for our products; and other risks and uncertainties set forth from time to time in our SEC filings. Tenax Therapeutics assumes no obligation and does not intend to update these forward-looking statements except as required by law.

Contact:

Investor and Media:

Argot Partners

tenax@argotpartners.com

FAQ

What did Tenax Therapeutics (TENX) announce about its LEVEL Phase 3 trial?

Tenax Therapeutics announced that results from its Phase 3 LEVEL trial of TNX-103 will be presented in a Late-Breaking Clinical Science session at ESC Congress 2026, and that it now expects to report topline data from the study in August 2026.

When will Tenax Therapeutics report topline data from the LEVEL Phase 3 study?

Tenax Therapeutics expects to report topline data from the registrational Phase 3 LEVEL trial in August 2026. The company plans to complete database lock and conduct the statistical analysis in the weeks leading up to that planned data readout.

What condition is Tenax’s TNX-103 LEVEL trial targeting in PH-HFpEF patients?

The LEVEL Phase 3 trial evaluates TNX-103 (oral levosimendan) in patients with pulmonary hypertension in heart failure with preserved ejection fraction (PH-HFpEF). This is described as the most prevalent form of pulmonary hypertension globally, with no approved treatment products currently available.

How is the LEVEL Phase 3 trial for Tenax Therapeutics designed and powered?

LEVEL is a registrational Phase 3 trial that enrolled over 230 patients in the United States and Canada. A prespecified Blinded Sample Size Re-estimation in December 2025 indicated it is powered at well over 90% to detect a 25-meter change in 6-minute walk distance, the primary endpoint.

Where and when will Tenax present LEVEL trial data at ESC Congress 2026?

LEVEL trial results will be presented in a Late-Breaking Clinical Science session at the European Society of Cardiology Congress 2026, held August 28–31 in Munich, Germany. Tenax submitted an abstract in anticipation of having topline data ready around that timeframe.

What stage of development is Tenax Therapeutics and its levosimendan program?

Tenax Therapeutics is described as a Phase 3, development-stage pharmaceutical company. It owns global rights to develop and commercialize levosimendan, including TNX-103 in PH-HFpEF, and is advancing the registrational LEVEL Phase 3 trial as a key part of this program.

Filing Exhibits & Attachments

4 documents