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Tonix Pharmaceuticals posting a volatile trading session after posting data from its cyclobenzaprine study at Seattle symposium

  • Tonix Pharmaceuticals (TNXP -4.8%) reverses early gains to trade lower today, despite posting results from its nonclinical studies of cyclobenzaprine, the active ingredient of its lead candidate, TNX-102 sublingual tablet, at the International Pain Society's Ninth World Congress on Myofascial Pain Syndrome and Fibromyalgia Syndrome in Seattle, Washington.
  • The company notes that cyclobenzaprine exerts multiple effects on serotonergic and adrenergic neurotransmission, and that TNX-102 SL exerts pharmacological effects distinct from those exerted by products approved by the Food and Drug Administration for the management of fibromyalgia and PTSD.
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