Tonix Pharmaceuticals Reports Fourth Quarter and Full Year 2024 Financial Results and Operational Highlights
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Tonix Pharmaceuticals reported its financial results for Q4 and full year 2024, highlighting key developments including the upcoming FDA decision on TNX-102 SL for fibromyalgia, positive Phase 1 results for TNX-1500, a government grant for TNX-801, and a DoD contract for antiviral drug development.
March 18, 2025 | 8:45 pm
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Tonix Pharmaceuticals is awaiting an FDA decision on TNX-102 SL for fibromyalgia, which could be the first new treatment in over 15 years. The company has positive Phase 1 results for TNX-1500 and received a government grant for TNX-801. It also secured a DoD contract for antiviral development.
The FDA decision on TNX-102 SL is a major potential catalyst for Tonix, as it could become the first new fibromyalgia treatment in over 15 years. Positive results for TNX-1500 and the government grant for TNX-801 enhance the company's pipeline prospects. The DoD contract provides financial support and validates their antiviral program.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100