Tonix Pharmaceuticals TNXP Stock News

Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) is making its way to the top int he market this morning after announcing the successful completion of a clinical study. As a result of the news the stock is up just shy of 40% early on in the market today. Here’s what’s going on:

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TNXP Stock Climbs On Study Completion

In a press release issued this morning, Tonix Pharmaceuticals said that it has completed a required study. The study surrounded fed-fasting and dose proportionality testing of TNX-102 SL in healthy volunteers. 

In the release, TNXP said that the study was required for the New Drug Application of TNX-102 SL for the treatment of PTSD and fibromyalgia. 

Importantly, the company said that the results of the study showed no significant effect of a fatty meal on the rate or extent of absorption of TNX-102 SL 5.6 mg administered as 2 x 2.8 mg sublingual tablets. 

Why This News Is Important

Ultimately, food effects that change the plasma drug levels can add a level of unpredictability for patients. This is true in both, therapeutic benefit and side effects. 

The fact that TNXP showed that TNX-102 SL has an absense of a food effect is great news. This means that the unpredictability associated with food and medicine is not an issue here. 

As a result, there’s a strong chance that the company will be able to move forward with a New Drug Application, potentially bringing TNX-102 to the market. 

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