Tonix Pharmaceuticals (TNXP) Stock Gains On Coming Presentation

Tonix Pharmaceuticals TNXP Stock News

Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) is climbing early on in the trading session this morning, gaining more than 25%. The gains come after the company announced that it would be giving a presentation next week. Here’s what’s happening:

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TNXP Stock Gains After Announcing A Coming Presentation

Tonix Pharmaceuticals issued a press release early this morning, announcing that it will be presenting and conducting investor meetings at Biotech Showcase 2020. The conference is being held from January 13th through January 15th at the Hilton San Francisco Union Square.

At the conference, Seth Lederman, M.D., President and CEO at TNXP will be presenting the most recent updates that the company has to offer as well as sitting down with institutional and accredited investors.

In the release, TNXP said that for those that cannot attend the conference, a live webcast and archived recording of the presentation will be available under the IR Events tab of the Investors section of its website.

Why This News Is So Important For Investors

At first glance, a coming presentation may not be all that exciting. However, in this particular case, there’s good reason for investors to be reacting as they are this morning.

The truth of the matter is that the past year hasn’t been the best of times for Tonix Pharmaceuticals. Unfortunately, the company has given up a majority of its value. To make matters worse, today’s news was the first bit of information that the company made public over the last 22 days.

So, investors have been waiting for news to come from the company. With the presentation on the horizon, investors now know that an update on the company’s activities is coming soon. This, combined with the financial strength that may be added to the company through one on one meetings is leading to bullish views for the near term.

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