Home Top Movers What's Driving Tonix Pharmaceuticals (TXNP) Stock Higher

What’s Driving Tonix Pharmaceuticals (TXNP) Stock Higher

Just before the start of the regular session today, Tonix Pharmaceuticals Holding Corp. (TNXP) stock has been trading premarket at a rise of 6.75% to $1.74. The clinical-stage biopharmaceutical company this morning announced the licensing of technology for treating Prader-Willi syndrome.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

What the company do?


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Tonix Pharmaceuticals focuses on the discovery, acquisition, development, production, licensing, and distribution of small molecules and biological for the treatment, prevention, and alleviation of diseases.

Read More

Its candidates for immunology products include vaccines to prevent infectious diseases and biologics to treat immunosuppression, cancer, and autoimmune diseases; and small molecules and biologics to treat pain, neurological, psychiatric, and addiction conditions comprise the Central Nervous System (CNS) product candidates.

Recent development:

Tonix Pharmaceuticals has announced a licensing agreement today for its technology that uses oxytocin-based therapies to treat Prader-Willi syndrome and non-organic failure to thrive disease. The technology was licensed from Inserm, the French National Institute of Health and Medical Research.

Inserm Transfert is the private subsidiary of Inserm that has signed on behalf of its parent organization. TNXP has negotiated and entered into an agreement with Inserm Transfert as well as the Centre Hospitalier Universitaire of Toulouse and Aix-Marseille Université.

Prospects of the licensing agreement:

A co-exclusive license enables Tonix to add a new indication to its intranasal potentiated oxytocin development program. For the treatment of Prader-Willi syndrome, the new program at Tonix is designated TNX-2900 (intranasal potentiated oxytocin).

It is expected that the patents covering the technology will provide market exclusivity for co-licensees in the U.S. and Europe by 2031. The exclusivity could be extended by a Supplemental Protection Certificate in Europe or a Patent Term Extension in the U.S. after marketing authorization. It will be independent of other patents held by Tonix covering intranasal administration formulating and oxytocin potentiation technologies.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

Finally:

In the early trades of the regular session, the stock of Tonix Pharmaceuticals Holding Corp. (TNXP) leapt more than 11% and was trading around $1.82. Bringing the market capitalization of the company to $452 million, the gain over the past 5 sessions remained nearly 36%.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Why Is The OPTT Stock Rising Today?

The shares of leading innovative and cost-effective ocean energy solutions provider Ocean Power Technologies Inc. (OPTT) have been trading up 3.54% in early trades...

IHT Stock Has Been Growing During Premarket Session. What Has Driven That Upward Trend?

At the premarket today, shares of InnSuites Hospitality Trust (NYSE: IHT) rose 10.43% to $2.33. The InnSuites stock gained 3.43% last trading day to finish...

In Premarket Session, Why Is SEAC Stock Rising?

Shares of SeaChange International Inc. (NASDAQ: SEAC) are trading up 11.65% to $1.15 in premarket. SEAC stock gained 1.98% to end Wednesday trading session...

Here is why Qualtrics International Inc (XM) stock surged in the after-hours on Wednesday?

Qualtrics International Inc (XM) stock started the Wednesday, April 21, 2021, in a negative mode and lost 0.059% in normal trading session but in...

ZLAB Stock Is On An Upswing Today. Why?

Today's premarket session has seen shares of Zai Lab Limited (NASDAQ:ZLAB) up 6.12% at $160.00. Last trading session, Zai Lab plunged -8.15% to finish...

IHT Stock Has Been Growing During Premarket Session. What Has Driven That Upward Trend?

At the premarket today, shares of InnSuites Hospitality Trust (NYSE: IHT) rose 10.43% to $2.33. The InnSuites stock gained 3.43% last trading day to finish...

Is There Any Reason Why ACTC Stock Is Rising Before The Market Opens Today?

ArcLight Clean Transition Corp. (NASDAQ: ACTC) shares are trading up 7.12% at $17.90 in premarket trade this morning. ArcLight stock gained 15.64% during the...

BNGO Stock Is On An Upswing Today, Why?

The premarket trading price for Bionano Genomics Inc. (NASDAQ: BNGO) was up 5.75% at $6.25. A share of Bionano stock closed at $5.91 last...

Related News

Is There Any Reason Why ACTC Stock Is Rising Before The Market Opens Today?

ArcLight Clean Transition Corp. (NASDAQ: ACTC) shares are trading up 7.12% at $17.90 in premarket trade this morning. ArcLight stock gained 15.64% during the...

BNGO Stock Is On An Upswing Today, Why?

The premarket trading price for Bionano Genomics Inc. (NASDAQ: BNGO) was up 5.75% at $6.25. A share of Bionano stock closed at $5.91 last...

Is This The Reason Behind The SCKT Stock Price Rising After-Hours?

During after-market trading, Socket Mobile Inc. (NASDAQ: SCKT) shares were up 9.99%, trading at $7.6. Socket stock appreciated by 6.31% to close Wednesday's session...

Why Evolus Inc (EOLS) stock turnaround on Wednesday, April 21, 2021?

Evolus Inc (EOLS) stock was performing well on Wednesday. It gained 11.09% in the normal trading session and closed at $11.72 per share. but...

Why Is WBT Stock Rocketing Today?

On the last check this morning, Welbilt Inc (NYSE: WBT) shares rose 21.63% to $19.01 in premarket trading. A price range between $15.1723 and...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.