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Tonix reverses into US public shell, raising $1.1 million and questions

 
• By Nancy Faigen

Tonix Pharmaceuticals, a specialty pharma company focused on CNS disorders and based in New York City, has completed a reverse merger transaction through a share exchange agreement with publicly traded Tamandare Explorations Inc. Through a share exchange, the shareholders of Tonix acquired control of Tamandare.

Tonix Pharmaceuticals, a specialty pharma company focused on CNS disorders and based in New York City, has completed a reverse merger transaction through a share exchange agreement with publicly traded Tamandare Explorations Inc. Through a share exchange, the shareholders of Tonix acquired control of Tamandare.

In addition, Tamandare completed a private placement of $1.1 million to fund further R&D. Tamandare intends to change its name...

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