Tonix Pharmaceuticals Q3 net loss widens

Reuters11-11
Tonix Pharmaceuticals Q3 net loss widens 

Overview

  • Tonix Q3 net loss widens to $32 mln

  • Company to launch Tonmya for fibromyalgia in November, first new treatment in 15 years

  • Tonix in-licenses TNX-4800 for Lyme disease, plans Phase 2/3 study in 2027

Outlook

  • Tonix expects cash reserves to fund operations into Q1 2027

  • Tonmya launch set for November 2025 with commercial infrastructure in place

  • Company plans to initiate TNX-4800 study during tick season in 2027

Result Drivers

  • Research and development expenses for the three months ended September 30, 2025 were $9.3 million, compared to $9.1 million for the same period in 2024.

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

-$32.01 mln

Q3 Operating Income

-$33.07 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the pharmaceuticals peer group is "buy"

  • Wall Street's median 12-month price target for Tonix Pharmaceuticals Holding Corp is $68.00, about 75% above its November 7 closing price of $17.00

Press Release: ID:nGNX6KCDn

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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