Tonix Pharmaceuticals Shares Jump After FDA Accepts NDA for Fibromyalgia Drug

MT Newswires Live12-17

Tonix Pharmaceuticals (TNXP) shares soared in premarket trading after the company said the US Food and Drug Administration has accepted its filing of a new drug application for TNX-102 SL to treat fibromyalgia.

The biopharmaceutical company said the FDA is expected to assign the application a target action date within 74 days from the date of its NDA submission.

Tonix said its application is supported by data from two phase 3 clinical trials evaluating the safety and efficacy of TNX-102 SL as a bedtime treatment for fibromyalgia.

Tonix shares were 177% higher in recent premarket trading.

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