Tonix Pharmaceuticals (TNXP) Stock Gains On COVID-19 SEC Filing

Tonix Pharmaceuticals TNXP Stock News

Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) is running for the top in the market today. The stock is up 71.65% thus far today. However, there hasn’t been a press release issued. So, what’s the deal? An SEC filing was made public announcing the coming release of data surrounding its COVID-19 vaccine candidate. Here’s what’s happening:

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TNXP Is Rocketing On Data Anticipation

In the SEC filing the company said that it will present information with regard to TNX-1800. The candidate is being developed as a potential COVID-19 vaccine.

TNX-1800  was developed based on the company’s horsepox vector platform. The presentation will take place at the World Health Organization, or WHO, on March 20, 2020. TNXP said that the presentation may include nonpulic information and is filed as Exibit 99.01 with the SEC.

Why This News Is So Exciting

While the company hasn’t issued a press release, and the information in the SEC filing is pretty vague, there’s quite a bit to be excited here. First and foremost, the coronavirus is a big deal, we all know that.

The virus can prove to be fatal and some expect that it will kill millions before the pandemic is over. As such, demand for a vaccine is incredibly high, and chances are that TNXP is on the verge of something big here.

Let’s be honest, presenting to WHO is very different from presenting at an investing conference. Should the World Health Organization find sources of validity with regard to the potential of Tonix Pharmaceuticals’ vaccine to be effective against COVID-19, the vaccine may be recommended.

Should this vaccine be recommended by the WHO, we will likely see a domino effect, whereby the FDA moves quickly to approve the vaccine and several larger company’s approach TNXP for licensing and partnership discussions.

This filing is nothing small, and if the data being presented is as meaningful as I and the rest of the investing community believe will be, the opportunity here could be incredible for TNXP and all involved.

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