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Tonix Pharmaceuticals Announces Presentation at Planet MicroCap Showcase

Key Takeaway: Tonix Pharmaceuticals announced that CEO Seth Lederman will present at the Planet MicroCap Showcase on May 1, 2024. The presentation will highlight positive findings from the Phase 3 RESILIENT trial related to its drug TNX-102 SL for fibromyalgia management. The company aims to submit a New Drug Application to the FDA later this year. Tonix's diverse pipeline includes therapies for CNS disorders, organ transplant rejection, and autoimmune diseases. However, the company faces risks associated with FDA approvals and competition in the market.

Market Sentiment Analysis

POSITIVE FACTORS

  • Presentation includes positive data from the Phase 3 RESILIENT trial of TNX-102 SL.
  • Tonix is on track to submit a New Drug Application (NDA) to the FDA in the second half of 2024.
  • The company has a robust pipeline focused on CNS disorders and various therapeutic areas.

CONCERNS & RISKS

  • There is a risk associated with obtaining FDA approvals.
  • The company faces competition that may impact marketing efforts.
  • Dependence on third parties for research and development can pose risks.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+14%
120-day peak, hindsight
Typical move
9.7%
average across 12 past catalysts
Cash runway
~12 mo
Low dilution risk
Lead asset
TNX-102 SL
Phase 3 · Fibromyalgia

Full Press Release Details

CHATHAM, N.J., April 24, 2024 (GLOBE NEWSWIRE) -- Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) (Tonix or the Company), a biopharmaceutical company with marketed products and a pipeline of development candidates, today announced that Seth Lederman, M.D., Chief Executive Officer, will present at the Planet MicroCap Showcase in Las Vegas, Nev. on May 1, 2024, at 8:00 a.m. PT (11:00 a.m. ET). The presentation will include data from the recently reported positive Phase 3 RESILIENT trial of Tonmya™ (also known as TNX-102 SL) for the management of fibromyalgia.
The presentation will be webcast here. A copy of the Company’s presentation will be available under the Presentations tab of the Tonix website at www.tonixpharma.com following the conference. Additional meeting information can be found on the showcase website.
Tonix Pharmaceuticals Holding Corp.*
Tonix is a biopharmaceutical company focused on developing, licensing and commercializing therapeutics to treat and prevent human disease and alleviate suffering. Tonix’s development portfolio is focused on central nervous system (CNS) disorders. Tonix’s priority is to submit a New Drug Application (NDA) to the FDA in the second half of 2024 for Tonmya1, a product candidate for which two statistically significant Phase 3 studies have been completed for the management of fibromyalgia. TNX-102 SL is also being developed to treat acute stress reaction as well as fibromyalgia-type Long COVID. Tonix’s CNS portfolio includes TNX-1300 (cocaine esterase), a biologic designed to treat cocaine intoxication that has Breakthrough Therapy designation. Tonix’s immunology development portfolio consists of biologics to address organ transplant rejection, autoimmunity and cancer, including TNX-1500, which is a humanized monoclonal antibody targeting CD40-ligand (CD40L or CD154) being developed for the prevention of allograft rejection and for the treatment of autoimmune diseases. Tonix also has product candidates in development in the areas of rare disease and infectious disease. Tonix Medicines, our commercial subsidiary, markets Zembrace® SymTouch® (sumatriptan injection) 3 mg and Tosymra® (sumatriptan nasal spray) 10 mg for the treatment of acute migraine with or without aura in adults.
*Tonix’s product development candidates are investigational new drugs or biologics and have not been approved for any indication.
1Tonmya™ is conditionally accepted by the U.S. Food and Drug Administration (FDA) as the tradename for TNX-102 SL for the management of fibromyalgia. Tonmya has not been approved for any indication.
Zembrace SymTouch and Tosymra are registered trademarks of Tonix Medicines. All other marks are property of their respective owners.
This press release and further information about Tonix can be found at www.tonixpharma.com.
Forward Looking Statements
Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. These forward-looking statements are based on Tonix's current expectations and actual results could differ materially. 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 obtain FDA clearances or approvals and noncompliance with FDA regulations; risks related to the failure to successfully market any of our products; 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 forth in the Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the Securities and Exchange Commission (the “SEC”) on April 1, 2024, and periodic reports filed with the SEC on or after the date thereof. 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.
Tonix Pharmaceuticals

Frequently Asked Questions

What is Tonmya™ used for?

Tonmya™ is being developed for managing fibromyalgia.

When will Tonix present at the Planet MicroCap Showcase?

Tonix will present on May 1, 2024, at 8:00 a.m. PT.

What is TNX-102 SL?

TNX-102 SL is the investigational drug known as Tonmya™.

What is the focus of Tonix's development portfolio?

Tonix focuses on central nervous system (CNS) disorders.

What products does Tonix currently market?

Tonix markets Zembrace® SymTouch® and Tosymra® for migraines.

Last updated: Apr 24, 2024