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News Breaks
March 31, 2014
09:22 EDTTNXPTonix Pharmaceuticals reports Q4 EPS (74c), one estimate (46c)
Seth Lederman, M.D., president and CEO of Tonix stated, "In Q4, Tonix continued to make steady progress in the BESTFIT trial of TNX-102 SL in fibromyalgia, and we began an open-label extension study of trial completers. As recruitment has proceeded ahead of our projections, we plan to stop enrollment at approximately 200 subjects, which is the upper end of the original sample size. We anticipate reporting top-line results of BESTFIT in the fourth quarter of this year. On March 26, the FDA held a public meeting on Patient-Focused Drug Development for fibromyalgia. FDA's decision to hold this meeting, and the robust patient response to it, further validate our belief that fibromyalgia is a significant and growing medical concern among the U.S. population."
News For TNXP From The Last 14 Days
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September 29, 2014
10:37 EDTTNXPTonix sinks after fibromyalgia drug trial doesn't meet primary endpoint
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09:22 EDTTNXPTonix fibromyalgia drug has future despite data miss, says Roth Capital
After Tonix reported that Phase 2b data on its TNX-102 SL for the treatment of fibromyalgia missed the primary endpoint but showed activity in most secondary endpoints, Roth Capital thinks the drug has a future. The firm expects the company to attempt to conduct two Phase III trials of the drug instead of one trial, but estimates that the company does not currently have enough cash to pay for two trials. The firm now sees a 40% chance of the drug being approved, down from 60% previously. It keeps a Buy rating on the shares.
09:20 EDTTNXPOn The Fly: Pre-market Movers
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08:03 EDTTNXPTonix Pharmaceuticals drops 56% after TNX-102 trial doesn't hit primary endpoint
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06:53 EDTTNXPTonix Pharmaceuticals to host conference call
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06:08 EDTTNXPTonix Pharmaceuticals announces results from Phase 2b BESTFIT trial of TNX-102
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September 26, 2014
13:17 EDTTNXPTonix Pharmaceuticals to report top line BESTFIT results by October 15
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07:32 EDTTNXPBioCentury to hold a conference
21st Annual NewsMakers in the Biotech Industry Conference to be held in New York on September 26.

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