Tonix Pharmaceuticals Holding Corp., founded in 2007 and based in New York, spent the first ten years of its life developing lead compound, TNX-102, for the treatment of chronic pain condition fibromyalgia syndrome (FMS). But after a setback in Phase III for this indication earlier this year and positive results in another of its earlier stage clinical trials for the same drug in post-traumatic stress disorder, Tonix decided to shift gears and put all its resources into the latter condition.
Just The Tonix: New York Biotech Has Breakthrough Drug For PTSD
Tonix Pharmaceuticals has won a breakthrough therapy designation this month for its post-traumatic stress disorder drug – the most advanced product in development specifically for the condition and potentially the first ever to market targeting PTSD as its lead indication.
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