Tonix Pharmaceuticals Announces Transition To Fully Integrated Biopharmaceutical Company Expected On April 1, 2024
Portfolio Pulse from Benzinga Newsdesk
Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) announced its transition to a fully integrated biopharmaceutical company by April 1, 2024. This follows the acquisition of Zembrace® SymTouch® and Tosymra®, both migraine treatments. Tonix aims to market these products through its subsidiary, Tonix Medicines, and prepare for the potential 2025 launch of Tonmya™ for fibromyalgia, pending FDA approval. The company is enhancing its commercial capabilities, including distribution, marketing, and regulatory aspects.
March 19, 2024 | 12:04 pm
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Tonix Pharmaceuticals is transitioning to a fully integrated biopharmaceutical company, focusing on marketing Zembrace SymTouch and Tosymra for migraines and preparing for the potential launch of Tonmya for fibromyalgia in 2025.
Tonix Pharmaceuticals' announcement of transitioning to a fully integrated biopharmaceutical company and its preparation for the potential launch of a new fibromyalgia treatment could positively impact investor sentiment. The focus on marketing existing migraine treatments and the anticipation of expanding its product portfolio with Tonmya, assuming FDA approval, suggests a strategic growth path that could enhance the company's market position and financial performance in the short term.
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